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EXHIBIT 99.1
NMT MEDICAL, INC.
27 Wormwood Street
BOSTON, MA 02210-1625
(NASDAQ/NMS:NMTI)
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
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Rudy Davis General Info: Stuart Levine
Acting President Analyst Info: Brian Gill
(617) 737-0930 Media Info: Deanne Eagle
(212) 661-8030
NMT MEDICAL ANNOUNCES RESIGNATION OF WILLIAM J. KNIGHT
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BOSTON, MA, AUGUST 1, 2000 -- NMT Medical (Nasdaq/NMS:NMTI) today announced the
decision of Mr. William J. Knight, Vice President of Finance and Administration,
Chief Financial Officer and Acting Co-President of NMT, to resign, effective
August 15, 2000, to pursue other business opportunities. Mr. Rudy Davis, Vice
President of Sales and Marketing, will continue to serve as Acting President.
The search for a new CFO will begin immediately.
"Bill Knight has been a valuable member of our management team," commented
Jeffrey R. Jay, M.D., Chairman of the NMT Board of Directors. "His efforts on
behalf of NMT Medical are greatly appreciated. We thank Bill for his
contributions and wish him much success in his new endeavors."
NMT Medical designs, develops and markets innovative medical devices that
utilize advanced technologies and are delivered by minimally invasive
procedures. The Company's products are designed to offer alternative approaches
to existing complex treatments, thereby reducing patient trauma, shortening
procedure, hospitalization and recovery times, and lowering overall treatment
costs. The Company's medical devices include self-expanding stents, vena cava
filters and septal repair devices. The NMT Neurosciences division serves the
needs of neurosurgeons with a range of implantable and disposable products,
including cerebral spinal fluid shunts, external drainage products, and the
Spetzler(TM) Titanium Aneurysm Clip.
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Enter the Company's symbol NMTI.
