AspenBio Hires Richard Donnelly as President and CEO

31-Jan-2005

AspenBio, Inc. announced that Richard Donnelly has agreed to become President and CEO and he was appointed to the Company's Board of Directors. Mr. Donnelly has played key management roles with a focus on sales and marketing, in the development of a number of significant animal health companies in his twenty four plus years in the industry, including Heska Corporation, The Fort Dodge division of American Home Products and the Janssen Pharmaceutica division of Johnson & Johnson.

Richard Donnelly, age 46, previously served as Senior Director of Marketing at Heska Corporation in Fort Collins, CO. While at Heska, he was part of the management team, which successfully directed Heska's turnaround from losses exceeding $44 million in 1998 to virtual breakeven status in 2003. Prior to joining Heska, Donnelly helped direct Canada's leading animal health company during a six-year period to revenue growth exceeding 400%. His experience also includes leading a management team through the successful acquisitions and integrations of Syntex Animal Health, American Cyanamid & Solvay Animal Health by Fort Dodge Animal Health, a Division of American Home Products.

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