FOR IMMEDIATE RELEASE

December 30, 2010

Media Contact: Shelley Lombardo
(410) 997-6000
slombardo@evergreenadvisorsllc.com

EVERGREEN ADVISORS REPRESENTS PATHSENSORS IN RESTRUCTING

FOR THE FUTURE

WASHINGTON, DC/BALTIMORE, MD – Evergreen Advisors’ client Pathsensors,

Inc., an environmental testing company that manufactures pathogen identification
systems is positioning itself for future growth. Recently spun-off from Rockville based
Innovative Biosensors Inc. (IBI), Pathsensors is a leading edge biotech company focused
on the food testing and biosecurity market. The company recently was awarded a $5
million contract from the Department of Defense.

Pathsensors will be relocating to the UMB Biopark, in Baltimore Md., and will utilize a
recently completed equity offering for expansion of sales and marketing, automation of
quality systems and new product development.

Pathsensors received an investment from the Chesapeake Emerging Opportunities Club,

LLC, which is an early-stage private equity investment fund focused on promising
emerging growth companies in the mid-Atlantic region.

“When Pathsensors looked for a financial advisor we turned to Evergreen Advisors.

We selected Evergreen for their strength in Biotechnology and their ability to
understand our needs. With Evergreen we know that not only would they guide us
through the process but also develop a lasting relationship with us.”

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About Evergreen Advisors

Evergreen Advisors is a leading investment banking and corporate finance firm focused
on assisting emerging growth and middle-market companies in the areas of corporate
finance, growth and exit strategies, valuations and advisory services. For more
information, visit http://evergreenadvisorsllc.com/

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Quote from Rick Kohr

Evergreen structured and assisted Pathsensors in identifying funding to

consummate the acquisition of certain technologies as part of the spin-off
from IBI. Evergreen Advisors was an investor and co-founder in Pathsensors.
Chesapeake Emerging Opportunities, an angel fund co-founded by Evergreen
co-invested in the transaction.

Pathsensors is an attractive biotechnology company because of its mission

critical products that can be used in security and food manufacturing among
other areas. Their technology has leapfrogged similar detection systems

Quote from Ted Olsen on why they chose to move to the BioPark

Ted Olsen, President and CEO

• Senior operations and engineering positions with Corning, Inc., Corvis
Corporation and Hayes, Olsen & Co.

We decided on moving to the BioPark because of its high tech environment

that houses a number of companies with comparable core technology. This
community allows for synergies for the sharing of technical applications and
partnering on business applications.

Quote from Ted Olsen on the future of pathogen identification systems....

We expect that rapid detection systems will expand into high visibility
businesses that are vital to national security and food testing processes. This
technology will allow food manufacturing companies to find and identify
pathogens rapidly to help ensure that the food supply is safer and reduce the
chance that contaminated products will need to be recalled.

• Pathsensors official move in date to the BioPark was December 11,

2011

• Currently Pathsensors has 4 employees but forecasting to be in the

mid-teens by mid next year.