ELKINS PARK, PA, February 25, 2008-BioStrategy Partners, Inc. (BioSP), a nonprofit service organization dedicated to helping early stage life science companies in the Greater Philadelphia region reach their next level of commercialization, announced today that it has added five new members to its Board and named Joel F. Smith its Board Chairman. Smith replaces Patricia Weeks, recently retired Vice President of Planning & Business Development at Fox Chase Cancer Center, who has become Chair Emeritus. Bio SP also appointed the heads of four committees, who collectively comprise the organization's Operations Committee.

The new Board members are: Charles R. Huntington, Jr., Vice President, Wealth Management, The Huntington Kraus Group, Citi Smith Barney and Chair of BioSP's Operations Committee; Carmen S. Italia, Jr., President, Montgomery County Industrial Development Corporation; Frank S. Keith, Executive Director Emeritus, Rutgers Camden Business Incubator; Jennifer L. Kmiec, Vice President, Business Development & Marketing, InB: Biotechnologies Inc., and Larry F. Lemanski, PhD, Senior Vice President-Research & Strategic Initiatives, Temple University.

Committee chairs are: Anna Laakman, MD, PhD, Technology Transfer Fellow, Lankenau Institute for Medical Research-Diligence; Christina Pagano, President, Pagano & Company Public Relations-Marketing; David A. Niles, Vice President, Trinity Capital Advisors-Membership; Emma Barsky and Leonard A. Grunbaum, Partners, The Practical Solutions Group-Programs; and Patrick. J. Kelly, PhD, Partner, Synnestvedt & Lechner-Service Provider Identification.

"Our new Operations Committee chairs are the 'arms and legs' of the organization. These dedicated volunteers and their committees are a critical component of our day-to-day activities, and are responsible for providing programming, business and strategic planning advice to us," said Karen J. Hanson, PhD, Executive Director of the organization.

"The exciting, and necessary, expansion of BioStrategy Partners' Board of Directors, which now totals 13 members, is the result of the growth of our organization," she continued, adding, "Our goal was to have the Board reflect the four major 'stakeholders' in our mission: life science companies, service providers, economic developers from New Jersey, Pennsylvania and Delaware--the areas we serve, and finally, our KIZ Partners." (BioSP is the parent organization of BioLaunch611+ KIZ, a Keystone Innovation Zone covering the tri-county Philadelphia North community.)

In the course of this first Board rotation, Hanson noted that three Board members have ended their terms. "We thank Pat Foley of the Delaware Innovation Fund, Dr. Ron Newbold of Celldex Therapeutics and Stephen Hurley of Janney Montgomery Scott, for their contributions in helping our organization mature."

Smith, BioStrategy Partners' new Chairman, has been actively involved with the organization since its inception in 2004. A Pennsylvania native, he has more than 30 years of experience in senior management of companies including turnarounds and startups. Today he is Principal and Co-Founder of The People Source Group, a finance, HR and IT consulting firm. Smith holds a bachelor's degree in Mechanical Engineering from the Towne School of Engineering, University of Pennsylvania. In addition to serving as Chair of BioSP, he is a member of the BioLaunch611+ KIZ All Partner Committee, is Chair Emeritus of the Small Business Board of the Greater Philadelphia Chamber of Commerce, serves on the steering committee of Mid-Atlantic Diamond Ventures of Temple University and is a founding member of the University of Pennsylvania Center of Organizational Dynamics.

Founded in 2004, BioStrategy Partners is dedicated to providing a continuum of services, support and infrastructure to emerging and early stage life sciences companies in the Greater Philadelphia region that will allow them to grow and thrive. By specializing in meeting the full spectrum of needs experienced by these very young companies, BioSP occupies a unique niche in the Pennsylvania/Delaware/New Jersey tri-state area. For further information, visit the BioSP website, http://www.biosp.com, or contact Karen Hanson at 215/780-1532 or khanson@pco.edu

PHILADELPHIA, PA, July 12, 2007 - The Greater Philadelphia Chamber of Commerce (Chamber) today announced that it has appointed a new Chairman of its Small Business Board (SBB) to serve a one-year term leading the regional small business community.

Joel F. Smith, principal and co-founder of The People Source Group, a generalist consulting firm based in Dresher, Pa., completed his successful term as Chairman today. Michael K. Pearson, president of and majority shareholder in Union Packaging, LLC (UP) of Yeadon, Pa., will replace Mr. Smith as Chairman for the 2007-2008 year.

On June 20, 2007, Mark Schweiker, President and CEO of the Chamber, presented (see insert) Mr. Smith with Plaque to commemorate his term in office. Mr. Schweiker spoke of the passion that Mr. Smith brought to the board and thanked him for launching the board's legistlative, diversity and programs committees.

The SBB is a group of nearly 40 small business owners throughout Greater Philadelphia. It acts as an advisory council to the Chamber to promote programs, services, and pro-business legislation to meet the needs of small companies throughout the region. Small businesses that have 100 or fewer employees make up 88 percent of the Chamber membership.

"I believe that this was a great year for the Small Business Board. We were able to provide a voice to explain the impact of politics and legislation on small business," said Mr. Smith. "Additionally, we were able to identify areas where the chamber could have more impact on diversity and offered program ideas that should resonate for small business owners. I wish the incoming chair, Mike Pearson, the best of luck as he continues to develop and improve the efforts of these committees and look forward to supporting him as chair emeritus this year."

With over 20 years of general management experience, Mr. Smith has run businesses and turnarounds from early stage to Fortune 500 companies. He also serves on the Board of Directors of the Greater Philadelphia Chamber of Commerce and BioStrategy Partners. Mr. Smith has more than 30 years of experience in product and process development in the textile, paper, industrial equipment, industrial and commercial electronics, and machine design industries.

Mr. Pearson is dedicated to manufacturing paperboard packaging for the food, personal care, and pharmaceutical industries. UP has made career opportunities available for a diverse workforce of more than 80 people. With annual sales surpassing $20 million, UP is one of the fastest growing minority-owned packaging companies in the U.S. In 2005, the U.S. Small Business Administration's Philadelphia District Office selected Mr. Pearson as Eastern Pennsylvania Small Business Person of the Year.

More information about the Chamber can be found online at http://www.greaterphilachamber.com