June 24, 2004
Gilday Joins Blaine as Vice President of Finance and Operations

Blaine Pharmaceuticals today announced that Vincent J. Gilday Jr. has joined the company as Vice President of Finance and Operations.

 "The appointment of this talented and highly qualified individual reflects our ongoing commitment to solidifying our presence in the marketplace and achieving long-term growth," said Rich Razgaitis, President of Blaine Pharmaceuticals. "We are pleased he is part of the Blaine team."

As Vice President of Finance and Operations, Gilday will oversee areas including financial reporting, management and administration, information services, procurement, relationships with the financial community, contracting assessment of company acquisitions, developing and implementing business procedures, and sales analysis.

Prior to joining Blaine, Gilday was President and Chief Financial Officer for Comm Line Inc., a wholly owned subsidiary of Black Box Corporation. In this role, which he held since 1995, Gilday consistently helped the company's three divisions under his management achieve targeted profitability goals. In addition, he served as "Finance Team Captain" for seven Black Box subsidiaries throughout the U.S. He also conducted financial due diligence and integrated financial reporting for numerous Black Box acquisitions. Previously, Gilday also held financial leadership positions with companies such as Brower Pease, Hamilton Fixture and Grant Thornton.

An active member with organizations such as the Ohio and Kentucky Societies of Certified Public Accountants, Venture Capital Association of Cincinnati and Corporation Growth Association, Gilday holds a B.S. in Accounting from Thomas More College and is also a licensed CPA with the State of Ohio. He and his wife Jackie reside in Edgewood, Kentucky.