FOR
IMMEDIATE RELEASE
March 19,
2009
Oragenics,
Inc. Announces Management Changes
(Alachua,
FL)-March 19, 2009- Oragenics, Inc. (OTCBB: ORNI) today announced that Stanley
B. Stein resigned as President, Chief Executive Officer and director
of Oragenics, Inc.(the “Company”), effective yesterday and will
thereafter continue to provide services to the Company as an
advisor. Mr. Stein’s resignation is not due to any disagreement with
the Company on any matter related to its operations, policies, and
practices.
David
Hirsch, the Company’s Chief Financial Officer and Chief Operating Officer, will
assume additional responsibilities as acting Chief Executive Officer and Dr.
Robert T. Zahradnik, PhD., the Company’s Vice President of Business Development,
will assume the role of acting Chief Operating Officer formerly served by Mr.
Hirsch.
Richard
T. Welch, Chairman of the Board, commented “We look forward to continuing to
work with Stan in certain select matters relating to strategic alternatives,
business development and capital strategies. Also, the Board is very confident
that David Hirsch has the requisite skill sets to effectively lead the Company
at this time and continue to move things forward in a very exciting year for the
Company”.
About
Oragenics, Inc.
Oragenics,
Inc., is a biopharmaceutical company engaged in developing unique proprietary
technologies, some of which are being commercialized and sold in the
over-the-counter consumer healthcare market. The company also has a number of
products in discovery, preclinical and clinical development, with a
concentration in the main therapeutic area of infectious diseases, diagnostics,
and oral health. The company is located in Progress Corporate Park at
13700 Progress Boulevard in Alachua, Florida, approximately 15 miles from the
campus of the University of Florida in Gainesville.
Safe Harbor Statement: Under
the Private Securities Litigation Reform Act of 1995: This release includes
forward-looking statements that reflect the Company’s current views with respect
to future events and financial performance. These forward-looking statements are
based on management’s beliefs and assumptions and information currently
available. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,”
“project” and similar expressions that do not relate solely to historical
matters identify forward-looking statements. Investors should be cautious in
relying on forward-looking statements because they are subject to a variety of
risks, uncertainties, and other factors that could cause actual results to
differ materially from those expressed in any such forward-looking statements.
These factors include, but are not limited to those set forth in our most
recently filed annual report on Form 10-KSB and quarterly report on Form 10-Q,
and other factors detailed from time to time in filings with the Securities and
Exchange Commission. We expressly disclaim any responsibility to update
forward-looking statements.
CONTACT
David
Hirsch, CEO and CFO, Oragenics, Inc.
386-418-4018,
Ext. 232 -- dhirsch@oragenics.com