ROCHESTER, NY -- Richard Kaplan, CEO of Torvec Inc., has announced that the company has accepted the retirements of Daniel Bickel, Herbert Dobbs and Joseph Rizzo as members of the company's board of directors effective immediately.

The directors' decision to step down was based upon their desire to help position the company to attract director leadership of a national and international caliber and reputation while maintaining the limited size of the board. The board of directors has the authority to fill the vacancies resulting from the retirements.

The company added that in their retirement letters sent to the company's board of directors, Bickel, Dobbs and Rizzo each expressed their common view that Torvec is positioned well for the future.
 
Kaplan and the Gleasman family thanked the directors for their long and steadfast service: "All of us at Torvec wish to express our gratitude to Dan, Herb and Joe for their dedication to Torvec and to the development of the company's technologies. Without their guidance, we would not be where we are today. Their insight and energy will always be welcome at Torvec."

For additional information about Torvec, visit the company's website.