Replies to post #3340 on Calypte Biomedical Corp (fka CBMC)

[JPetroInc]

Mr. Safin continued...

"I have known David Khidasheli for many years and I am confident in his ability to launch products, develop markets and raise awareness. David has the dedication and qualities necessary to achieve goals that will in my opinion add value to the Company and help the Company build the business. On behalf of Calypte's stockholders, we welcome the new strategic investors in the fight against HIV and AIDS."

David Khidasheli, representing the investor group commented, "I have watched Calypte over the past several years following Marr's investment in the Company in 2003. The Company's humanitarian focus interested me from the beginning. With the Company's Aware(TM) HIV-1/2 rapid oral fluid (OMT) tests beginning to sell, we believe it is the right time to bring our combined networks' resources to this business. I envision a combination of government and private sector-led programs involving sales while also taking advantage of local manufacturing and R&D opportunities. I expect to be able to support Calypte's increased visibility and presence in those countries in which I have worked for many years."

Mr. Khidasheli continued, "The Company and I have discussed a short- and medium-term plan including a worldwide focus utilizing the combined contacts and resources of our organizations wherever possible. Asia is at the top of this list and is at an ideal stage for our involvement."

All the Best, JP