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HighBank Serves as Exclusive Placement Agent on Virgin Instruments’ Series A Offering

December 10, 2012

Sudbury, MA-based Virgin Instruments Corp. doing business as SimulTOF Systems, (“SimulTOF” or the “Company”), a developer, manufacturer, and marketer of user-friendly, reliable and cost-effective systems focused on detection, recognition, measurement, and characterization of proteins and other compounds found in biological samples received an undisclosed equity and R&D investment from a world leader in the health and life sciences industry. Proceeds will expand SimulTOF’s research and development and sales and marketing initiatives.

Dr. Marvin Vestal, Founder, Chairman and Chief Scientific Officer, commented, "The team at HighBank was outstanding. We could not have successfully raised the capital we require to grow our business without their tireless commitment. We look forward to working with HighBank to successfully close the Series A round early in 2013."

HighBank Advisors, a Baltimore-based mid-market investment bank, acted as exclusive financial advisor to and placement agent for SimulTOF.

Stephen Gaines, Managing Director, at HighBank stated, “We believe SimulTOF‘s state of the art MALDI-TOF and TOF-TOF mass spectrometry solutions will lead the way in biological and clinical research applications. Their advanced science and burgeoning commercial applications are unmatched in the market today. Marvin and his team are extremely well positioned to exploit these market opportunities.”

Contact:

Stephen Gaines
HighBank Advisors LLC
443.478.1970
sgaines@highbank.com
www.highbank.com

Chris Weber
HighBank Advisors LLC
443.478.1977
cweber@highbank.com
www.highbank.com

About SimulTOF Systems

SimulTOF Systems produces state of the art MALDI-TOF and TOF-TOF mass spectrometry solutions for biological and clinical research applications. The Company’s Founder and Chief Scientific Officer, Dr. Marvin Vestal, received the 2010 award for a “Distinguished Contribution to Mass Spectrometry” from the American Society for Mass Spectrometry (ASMS). He is widely recognized for driving the commercialization of "delayed extraction" MALDI-TOF, which revolutionized the technology. The team at SimulTOF Systems has worked for several years on further advancements in time-of-flight mass spectrometry that the Company is now bringing to the market. For more information, visit www.simultof.com.

About HighBank Advisors LLC

HighBank is a Baltimore-based full service mid-market investment bank and financial advisory firm. The firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.