Dear Friends and Investors,

Hope you are all well. I wanted to give a short update on where we are.

As you are probably aware, we are in a pause mode for the company. I have been working closely in the last few months with advisers at OCTANE and Launchpad to prepare us for institutional funding. I don’t intend to do another crowdfunding at this time. If you are an accredited investor and interested in investing, please contact me.

But I have not reached out to any funds at this time as I still need to figure out the team for the next phase of development. Institutional investors require a full-time dedicated CEO in place. As you all know, I am a full-time radiologist and I cannot leave my job as a radiologist.  

I have decided that instead of reaching out to funds for investments, I will first find a full-time CEO to take over the leadership of Amnion. I intend to serve as Chief Science Officer and will continue my duties in design and development of Amniobed and new devices for the company and will help the new CEO in every capacity which I am capable of.  

My focus in the next few months is to find that individual. In experience, I am looking for someone who has successfully led or been a prominent team member of a medical device institutional funding, commercialization and exit. In character, I am looking for someone who leads with compassion and charity. 

I intend to be patient and I hope we can find the right candidate.

Our Annual report has been filed with the SEC and can be seen here.  

Thank you all again for your support.

Amir