BioStem Technologies Appoints Brandon Poe as Chief Financial Officer
POMPANO BEACH, Fla., Aug. 14, 2025 (GLOBE NEWSWIRE) -- BioStem Technologies, Inc. ("BioStem" or the "Company") (OTC:BSEM), a leading MedTech company focused on the development, manufacturing, and commercialization of placental-derived products for advanced wound care, today announced the appointment of Brandon Poe as its Chief Financial Officer (CFO). Mr. Poe has served on BioStem's Board of Directors since 2022. Michael Fortunato, the Company's prior CFO, has assumed the role of Chief Accounting Officer.
"I'm excited to welcome Brandon as CFO during this pivotal period of growth and innovation for BioStem," said Jason Matuszewski, Chairman and CEO. "Brandon brings proven financial leadership across life sciences, medical devices, and healthcare services, with deep expertise in capital markets, strategic planning, and operational excellence. His contributions as a Board member have already proven invaluable, and his intimate knowledge of our business will be a powerful advantage as we expand into new markets, advance our Nasdaq uplisting, and deliver on our long-term growth ambitions."
Mr. Poe is an accomplished finance leader with more than 25 years of experience across the healthcare and life sciences sectors. He most recently served as Chief Financial Officer of Midi Health, Inc., a privately held digital women's healthcare company. Prior to that, he was Chief Financial Officer of Jumpcode Genomics, Inc., a privately held life sciences company. Earlier in his career, Mr. Poe spent eight years at Illumina, Inc. (NASDAQ:ILMN), a publicly traded life sciences company, where he served in multiple senior finance roles, most recently as Vice President of Finance for Product Development, Research and Global Operations. Mr. Poe holds an undergraduate degree from Bucknell University and an MBA from the University of Chicago's Booth School of Business.
"BioStem is a recognized leader in innovative wound care technologies, and I am thrilled to serve as CFO at this pivotal stage in the Company's evolution," said Brandon Poe, Chief Financial Officer of BioStem. "With the proven strength of BioStem's BioREtain® platform, scalable manufacturing capabilities, and expanding clinical evidence, we are well-positioned to accelerate growth and broaden our market presence. I look forward to working alongside this talented team to execute on our strategy and drive value for our shareholders."
About BioStem Technologies, Inc. (OTC:BSEM): BioStem Technologies is a leading innovator focused on harnessing the natural properties of perinatal tissue in the development, manufacture, and commercialization of allografts for regenerative therapies. The Company is focused on manufacturing products that change lives, leveraging its proprietary BioREtain®processing method. BioREtain®has been developed by applying the latest research in regenerative medicine, focused on maintaining growth factors and preserving tissue structure. BioStem Technologies' quality management system and standard operating procedures have been reviewed and accredited by the American Association of Tissue Banks ("AATB"). These systems and procedures are established per current Good Tissue Practices ("cGTP") and current Good Manufacturing Processes ("cGMP"). Our portfolio of quality brands includes AmnioWrap2™, VENDAJE®, VENDAJE AC®, and VENDAJE OPTIC®. Each BioStem Technologies placental allograft is processed at the Company's FDA registered and AATB accredited site in Pompano Beach, Florida. For more information visit biostemtechnologies.com.
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Contact BioStem Technologies, Inc.:
Website: http://www.biostemtechnologies.com
E-Mail: [email protected]
Twitter: @BSEM_Tech
Facebook: BioStemTechnologies
Phone: 954-380-8342
Investor Relations:
Adam Holdsworth
BioStem Director of Investor Relations
E-Mail: [email protected]
Phone: 917-497-9287
Or
Gilmartin Group
Philip Trip Taylor, Principal
E-Mail: [email protected]
Phone: 415-937-5406
Note Regarding Forward-Looking Statements:
Except for statements of historical fact, this press release also contains forward-looking statements. These forward-looking statements relate to expectations or forecasts of future events, including with respect to the operations of the Company, strategies, prospects and other aspects of the business of the Company. Forward-looking statements may be identified using words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate", "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this press release include, among other things, statements regarding the Company's: growth strategy, including entering new product markets ; and expectations regarding the Company's plans to list its stock on Nasdaq. Forward-looking statements are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from the expectations expressed or implied by such forward-looking statements. These factors include, but are not limited to: the risk that the Company may be unable to list its stock on Nasdaq or maintain compliance with Nasdaq's continued listing standards; the impact of any changes to the accounting treatment of the Company's revenue and expenses; the risk of receiving additional comments from the SEC; the competition that the Company faces, which could adversely affect its business, results of operations and financial condition; the risk of rapid technological change, which could cause the Company's products to become obsolete or cause the Company to become unable to effectively compete; the risk that the Company is unable to successfully market its products to the end users of such products; the risk that the Company may be unable to raise funds to expand its business; changes in applicable laws or regulations; and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
