MFIC appoints two new directors

Nov. 17, 2005 – MFIC Corp. announced that Eric Walters and George Uveges have been appointed to its board of directors. Walters will serve as the chairman of the audit committee, while Uveges also joins that committee.

Walters is vice president and chief financial officer of CardioTech International Inc. Uveges is the founder and principal in the Tallwood Group, an angel investing firm that provides financial and management advisory services in addition to investment capital.

The company says both Walters and Uveges qualify as financial experts as defined under Section 407 of the Sarbanes-Oxley Act. Edward Paslawski is stepping down from the audit committee chair position and will exit MFIC’s board after the end of the year.

MFIC, through its microfluidics division, provides its Microfluidizer materials processing equipment to the biotechnology, pharmaceutical, chemical, cosmetics/personal care, and food industries.

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