Med1Online Appoints Co-President.

ARVADA, Colo. -- Med1Online, a leading provider of new and reconditioned capital medical equipment (CME) for all medical specialties, today announced the appointment of Stephen R. Villanueva to the post of co-president. He and founder and president Scott Carson will serve in this dual capacity.

Villanueva brings nearly 20 years of operations, finance and legal expertise to Med1Online. Most recently, he was CEO and founding partner of Falcon Venture Partners, a venture capital firm in Boulder, Colo.

Previously, Villanueva served as vice president for global procurement and strategic supply-chain management at Flextronics International, a leading electronics manufacturing services provider. In this role, Villanueva managed a global organization, helped lead the efforts at centralizing these strategic functions and implemented a program to make procurement a self-funding profit center. Villanueva also held an executive position at IBM PC Company. Here he focused on the development and implementation of a high-turns global business model that leveraged OEM partnerships, enabling the company to compete at low-end price points. At Dell Computer Corp., Villanueva managed the business operations procurement group, which was responsible for structuring and negotiating all corporate agreements for each functional group. Additionally, he managed Dell's supplier relationships involving the outsourcing of critical operations. Villanueva began his career as a corporate and securities law attorney in the Silicon Valley and the Rocky Mountain states.

The co-presidency position was created to leverage the complementary capabilities, experiences and knowledge of both Carson and Villanueva. They will work together to better align corporate staff, processes and technology to fuel Med1Online's growth. Although key decisions and corporate strategies will be determined together, Carson will primarily be responsible for sales, marketing and business development while Villanueva will focus on overseeing operations, finance, legal, IT, acquisitions and other financing-related activities.

Commenting on Villanueva's appointment, Carson noted: "The time was right to bring someone of Steve's caliber into the company. Steve's joining rounds out the management team recently strengthened with the appointments of a vice president of business development and a chief technology officer. We look forward to the contributions Steve will make in his new role."

Villanueva added: "I welcome the chance to join a fast-growing organization like Med1Online, and I am excited to work with the seasoned team of professionals this company has acquired. In just the three short years since it's founding, Med1Online has already emerged as a leading distributor of CME. Together, Scott and I are planning to enhance Med1Online's leadership role by building a more cost-effective and customer-friendly distribution process."

Villanueva holds a bachelor of arts degree from San Jose State University, a master's in business administration from the University of Texas at Austin, and a juris doctorate from Stanford University. He resides in Boulder, Colo., with his two daughters.

About Med1Online

Arvada, Colo.-based Med1Online was founded in 2002 to provide purchasers with a better vehicle in which to buy capital medical equipment. The company is a leader in the provision of new and reconditioned capital medical equipment (CME) for all medical specialties. Its customers include physicians, veterinarians, hospitals and a range of other health care providers.

Since its inception, Med1Online has focused on building the most comprehensive database containing information about pre-owned, premium-quality, late-model CME available for purchase from physician offices, hospitals and clinics throughout the country. Med1Online offers prescreened, best value, leading edge technology "featured products" as well as a prescreened, best value selection of "all other products" at every price-point, in every product line.

Med1Online is ISO 9002-certified, providing an internationally recognized level of quality assurance. The Med1Online logo is a registered trademark of Med1Online. Other trademarks are the property of their respective owners.