Health Discovery Corporation President Steps Down

Health Discovery Corporation (HDVY) announces that Richard Scott Tobin, its President, General Counsel, Principal Financial Officer, Principal Accounting Officer and Director, has stepped down from all positions effective October 10, 2010. On April 15, 2009, Mr. Tobin began his employment at Health Discovery Corporation. On July 13, 2010, Mr. Tobin was informed by the two independent members of the Board of Directors that the Company agreed not to renew his employment agreement when it expired on October 15, 2010, as previously announced by the Company. On August 9, 2010, Mr. Tobin stepped down from his day-to-day management responsibilities, while remaining on the Board of Directors. On October 2, 2010, Mr. Tobin executed a release agreement, which was subject to a seven-day revocation period pursuant to certain age discrimination laws. Mr. Tobin did not revoke the agreement during this period, which expired on Saturday, October 9, 2010, as previously announced by the Company.
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