Liberator Medical Holdings, Inc. Appoints Two New Members to Board of Directors

STUART, FL--(Marketwired - October 31, 2014) - Liberator Medical Holdings, Inc. (NYSE MKT: LBMH) today announced that its Board of Directors has appointed two new members, Ruben Jose King-Shaw, Jr., and Philip M. Sprinkle. The appointments increase the number of Liberator's directors from three to five.

"Phil and Ruben bring tremendous healthcare experience and leadership to our Board of Directors," said Mark Libratore, the Company's President and Chief Executive Officer, and Chairman of the Board. "I am confident that they will make great contributions to our Board and our management team as we continue to build value for our shareholders." 

"We believe that in today's healthcare environment it is an important benefit to all of us at Liberator to be able to get advice from a Board comprised of experienced business and professional leaders," Mr. Libratore noted. "We are excited to be able to add Ruben and Phil to our team."

About Ruben Jose King-Shaw, Jr.

Ruben Jose King-Shaw, Jr., is a Managing Partner and Chief Investment Officer at Mansa Capital, LLC, a healthcare private equity investment firm based in Boston, Massachusetts. Mansa Capital specializes in early growth stage companies in the healthcare service and healthcare information technology sectors. Ruben sits on the Board of Directors of many of the firm's portfolio investments. He remains active in public service and was appointed to the Obama Administration's Medicare's Program Advisory and Oversight Commission, which was charged with reforming how the Medicare program procures specific products and services using value-based strategies and establishing foundations for President Obama's healthcare reform programs. Ruben has been a member of the Cornell University Board of Trustees since 2011 and has been a Trustee of the University of Massachusetts since 2005. He has extensive experience in healthcare policy, economics and finance, and served as Chief Operating Officer and Deputy Administrator of the Centers for Medicare and Medicaid Services from 2001 through 2003. Prior to his service in the federal government, in 1998 Ruben was appointed by Governor Jeb Bush as Secretary of the Florida Agency for Healthcare Administration, which is responsible for Florida's Medicaid programs, health quality assurance, facility licensure and managed care regulation activities.