| [February 07, 2012] |
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Golden Valley Development, Inc. Announces Appointment of Leading Dental Materials Scientist to Advisory Board
CLEARWATER, Fla. --(Business Wire)--
Golden Valley Development, Inc. (OTC: GVDI) (www.goldenvalleydev.com)
is pleased to announce the appointment of John Powers, Ph. D., to its
recently-formed Advisory Board. Dr. Powers has been involved in the
development of the PercuGuardTM needlestick prevention device
and will be instrumental in ensuring the device's successful near-term
introduction into broad dental and medical use in applications where
superior protection from exposure to blood borne pathogens is a critical
need.
Dr. Powers, an internationally respected dental materials scientist,
holds multiple professorships at renowned dental schools in Texas,
Michigan, and Germany. He publishes a widely-read dental materials
newsletter, The Dental Advisor, and has authored or co-authored
over 1,000 scientific articles, textbooks, and othr dental industry
publications. Additional information about Dr. Powers is available at www.goldenvalleydev.com/management.
Kevin Sorrels, D.D.S., CEO of GVDI, stated, "We are excited and honored
to add John to our Advisory Board, as he has played an instrumental role
in the original research and product development that resulted in
successful field trials, patent approval and FDA clearance of the first
generation Percuguard finger sleeve."
"I am pleased to be able to see this exciting product through to its
successful global introduction as it provides a workable solution to the
issue of accidental needlesticks in medical applications where other
approaches just don't work as well," said Dr. Powers.
GVDI expects to complete final production engineering of the Percuguard
needlestick protection sleeve in early 2012, followed by its global
introduction into dental, medical and ambulatory applications. Market
research indicates that there are an estimated 20 billion potential
applications per year for the single-use disposable device.
About Golden Valley Development, Inc.
Golden Valley Development, Inc. is a publicly-traded product development
and technology licensing company based in Clearwater, FL. Through two of
its wholly-owned subsidiaries, its business plan is to manufacture and
market patented products in the health care and home consumer markets,
beginning with its first two products, "Cut Stop"TM and
"PercuGuard"TM.
Forward-Looking Statements
Portions of this press release contain forward-looking statements and
involve risks and uncertainties that could materially affect expected
results of operations, liquidity, cash flows and business prospects.

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