New CFO for NewHope Bariatrics

Obesity Surgery Centers Recruit Proven Team Member to Manage Finances

CHARLOTTE, N.C. (January 26, 2007)—NewHope Bariatrics, Inc., a national healthcare provider serving the needs of the morbidly obese, announced today that David W. Perry has joined the company as Chief Financial Officer and Treasurer.

Most recently Mr. Perry was the Hospital Division Chief Financial Officer at MedCath Corporation (NASDAQ: MDTH), which owns and operates a national network of heart hospitals and provides cardiovascular care services in diagnostic and therapeutic facilities. At MedCath, Mr. Perry was primarily responsible for the operational finances of twelve hospitals, accounting for over ninety-percent of MedCath operations. Mr. Perry had also previously served as the company’s Chief Accounting Officer from 2001 to 2004.

“We are thrilled to reunite with David Perry. His joining brings NewHope a wealth of knowledge and financial expertise. He represents a superb addition to our already experienced management team,” said David Crane, NewHope Bariatrics President and Chief Executive Officer. “Having already worked together with David for several years, we are confident that he shares our vision for building a national network of NewHope Bariatrics surgery centers based on the principles of direct physician involvement and high quality patient care.”

Previously, Mr. Perry was a Senior Manager in the Charlotte office of Deloitte & Touche LLP, where he served a variety of the firm’s clients with audit and securities transaction services.

Originally from Bluefield, Virginia, Mr. Perry is a graduate of James Madison University, and has been a resident of the Charlotte community for the last 12 years.

About NewHope Bariatrics, Inc.

NewHope Bariatrics, Inc. develops and operates Ambulatory Surgery Centers and Short-stay Surgical Hospitals that serve the needs of the morbidly obese. The NewHope Bariatrics centers focus on gastric banding procedures (primarily the Lap-Band® system), delivering compassionate care, excellent clinical and financial results, and superior patient satisfaction. For more information, visit www.newhopebariatrics.com