Friday, 24 February 2012

Health Discovery Corporation Announces Addition to Its Board of Directors.

SAVANNAH, Ga. -- Health Discovery Corporation ("HDC") (OTCBB:HDVY) announced today that William M. Goldstein, Esq. has been named to the Company's Board of Directors. Mr. Goldstein is currently a partner with Philadelphia-based Drinker Biddle & Reath LLP, one of the nation's most prestigious law firms. Goldstein is a recognized expert in federal taxation with considerable experience in both government and private practice. The addition of Goldstein to its Board completes HDC's goal of having a majority of outside directors. He succeeds Robert Braswell IV, who resigned his Board seat, but remains a senior executive with the Company.

"On behalf of all HDC stakeholders, I am extremely pleased to welcome Bill Goldstein to our Board of Directors," said HDC's Chairman and CEO Dr. Stephen D. Barnhill, M.D. "His wealth of business experience and contacts, particularly in the pharma-biotech arena, offers us great opportunities to commercialize our intellectual property more quickly and effectively. I'm also pleased to note his most recent legal practice has focused on mergers and acquisitions and private equity transactions. His prior service on eight corporate boards, including two NYSE companies, adds a depth of experience to our Board that I think will prove invaluable. As an early investor, Bill believed in our promise. As a Board member, he will help make that promise a reality."

"I'm excited to join HDC as a Board member," commented William Goldstein. "The Company holds great potential for advancing diagnostic testing and accelerating drug development technologies through the power of its intellectual property. I look forward to working closely with Dr. Barnhill and his esteemed science team."

William M. Goldstein, a native of Philadelphia, is an accomplished attorney who has earned a national reputation for innovative tax-oriented corporate transactions. Since 1982, he has been a senior partner with Drinker Biddle & Reath LLP and has served the firm as its managing partner, chairman of the firm's managing partners, and the chair of the Tax Practice Group. In the mid-70's, Goldstein served as Deputy Assistant Secretary for Tax Policy at the U.S. Treasury Department where he worked directly with Secretary William E. Simon in determining the Treasury's position on various tax and economic issues. He was also a finalist candidate for Commissioner of the Internal Revenue Service. Goldstein earned his A.B. from Princeton University and his J.D. from Harvard Law School.

Savannah-based Health Discovery Corporation (OTCBB:HDVY) is uniquely positioned in the field of pattern recognition technology. Through the application of its patent protected technology, Health Discovery is a biology-oriented biomarker and pathway discovery company providing all aspects of First-Phase Biomarker Discovery(sm). The Company's pattern recognition technology also holds significant application potential in other sizable commercial markets such as diagnostics, Internet search and spam, homeland security, financial futures, and other areas where analysis of complex data is required.

This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

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