In his endeavor, Schwartz will spend a substantial portion of his time assisting with, amongst other things, the negotiation of technology distribution deals, strategic alliances and acquisitions. He will also assist with financial management, strategic planning, human resources, investor relations and other corporate issues.

DiCosmo said, “We are very excited that Abe Schwartz has agreed to work so closely with Covalon. I have had the opportunity to get to know Abe very well over the past year while he served as a Director on Covalon’s Board. He has a great deal of business experience to offer and I am confident his skills will greatly benefit the Company.”

Abe Schwartz commented, “Covalon has a great wealth of medical technology. I am looking forward to helping with all aspects of the business including the acceleration of the deal-making process to ensure that Covalon becomes the commercial success I believe it can be.”

William Jackson, Covalon co-founder and chief business officer said, “Abe Schwartz has already identified a number of ways to improve Covalon’s deal-making capability. He clearly has a great deal of experience in architecting deals that can not only improve Covalon’s financial performance, but just as important, deliver tremendous value and benefits to Covalon’s clients and business partners. I am energized by his knowledge, integrity and creativity.”