On March 15, 2019, Wound Management Technologies Inc., a Texas corporation doing business as WNDM Medical Inc. (WNDM), executed and closed an agreement with CGI Cellerate RX, LLC (CGI) of Houston, Texas, for WNDM to acquire the remaining 50% equity interest in Cellerate, LLC not then owned by WNDM. Following the closing of this transaction, Mr. Ron Nixon, Founder and Managing Partner of CGI, was elected to WNDM’s Board of Directors effective March 15, 2019. Mr. Nixon currently serves on the board of directors for publicly traded LHC Group Inc., Trilliant Surgical, LLC, Rochal Industries, LLC, Triad Life Sciences Inc. and several other privately held companies.