CSME appoints Finance Director

31 October, 2011


CalciTech Ltd. (OTCBB: CLK) announces today the appointment of Ash Mehta as CFO of CalciTech Synthetic Minerals Europe Limited ("CSME"), its wholly-owned European operating subsidiary. CSME has an independent UK board of directors and senior management with extensive commercial, industrial and financial experience, and will operate independently within Europe. 

Mr. Mehta joins with an excellent knowledge of the public equity markets in the City of London having been on the board of a number of full-list and AIM-quoted companies. He is currently a non-executive director of Northbridge Industrials Services plc, having previously been Finance Director.

He began his career with KMPG where he qualified as a Chartered Accountant. Following qualification, he worked in commercial finance roles for Eli Lilly Inc., and Parexel International Inc. since when he has held a number of CFO positions in public companies.

Roger Leopard, CEO of CalciTech Limited said: "I'm delighted that Ash has joined CSME at this exciting time as his experience and knowledge of the equity markets in London will be vital to the success of CSME. We continue to make good progress in developments for the commercialisation of our technology in Europe and I look forward to announcing further news in the coming weeks."

For further information:
Nick Plumbridge
Tel: +41 22 710 4020