Friday, January 4, 2008

Digital Radiography Pioneer Paul Suni Leaves SUNI as German Private Equity Firm Assumes Control

SILICON VALLEY, Calif., Jan. 2 /PRNewswire/ -- Suni Medical Imaging,
Inc. (SUNI), a leading global manufacturer of intraoral digital radiography
equipment announced today that German private equity firm Forstgarten
Holdings has acquired majority stake in the company from SUNI Founder,
former CEO and Chief Technology Officer Paul Suni and that Mr. Suni has
resigned from the SUNI Board of Directors effective December 31st, 2007. It
was also announced that Mr. Suni has donated the remaining 6,000,000 of his
SUNI shares to a charitable foundation that provides financial support to
students of dentistry in American colleges and universities.

"I leave SUNI with a sense of gratitude towards the SUNI team and all
those individuals who helped make it a success including thousands of
dentists around the world who are using products that bear the SUNI name,"
said Paul Suni. "The company is equipped with a competent management team
and solid financial backing suitable for its present stage of evolution."

According to Mr. Holger Essig, Suni Medical Imaging Chairman of the
Board, Mr. Suni's departure from the company comes at a time when new
product designs have been handed off to manufacturing and the company is
preparing to release new digital radiography products to the market in
2008. Said Mr. Essig, "Paul was the first to propel intraoral digital
radiography sensor technology into commercial reality with his sensor
technology innovations in the 1990's. Thanks to his entrepreneurship
digital radiography is in the main stream today. His contributions as
'Father of Intra-oral Digital Radiography' are greatly appreciated. The
Board accepts his desire to move on to other areas that he is passionate
about."

He continued, "Suni Medical Imaging is now a mature company and it is
ideally positioned in the global dental market with a high value, cost
effective digital radiography product offering and a technical services
infrastructure that emphasizes education and training. As an investor,
Forstgarten Holdings sees SUNI as a strategic investment in a growing
global market for digital radiography. We are in this for the long haul."

Regarding his future plans Paul Suni said that he will continue to stay
involved with the dental profession as a consultant, speaker, seminar
leader and mentor to individuals and teams: "Dentists are problem solvers
and so many dentists are quintessential inventors. But, it is an enormously
challenging undertaking to transform an idea from invention into profitable
reality. I have been fortunate to have the opportunity to apply myself for
23 years as physicist, engineer, inventor and entrepreneur to turn my ideas
into profitable realities. It is time for me to help other people succeed
with their own ideas and desires to make meaningful contributions to the
world. That is what I plan to do as soon as I get a couple of other
projects under way."

Source: PRN Newswire

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