The board of directors for Caliber Imaging & Diagnostics, Inc. appointed Kevin Cronin as a member of the board, increasing the number of members on the board from five to six. The Board has determined that Mr. Cronin qualifies as an independent director in accordance with the rules set by the standards set in Rule 10A-3(b) of the Securities Exchange Act of 1934, as amended. Kevin Cronin, 51, currently is a Principal and Senior Advisor at Five Ten Capital Management.

From 2009 through 2011, he was a Principal at Ocean Gate Capital Management. From 1997 through 2008, Mr. Cronin served in a number of positions including Senior Vice President, Managing Director, Chief Investment Officer, and Senior Managing Director for Putnam Investments.