PAUL HKFELT has served as President and Chief Executive Officer since
January 25, 2000, of New Generation Holdings, Inc. He is a Swedish
national who has been active internationally and gained senior
management experience in several European countries and the United
States with service providers in the medical field. Prior to joining New
Generation Holdings, Mr. Hokfelt was most recently a Director and CEO of
UCT International, a contract research organization. Additionally, he
was instrumental in his role as Managing Director and COO in the rapid
growth of Unilabs, S.A., a company he joined from its start-up and led
through its trading on the Swiss Stock Exchange in April 1997. Unilabs,
S.A., is a European leader in the field of medical laboratory
diagnostics. Prior to these appointments, he was a senior officer with
several Scandinavian financial institutions for over 10 years, among
them SEB, which specializes in the structuring of complex financing
solutions. He holds a degree in Business Administration from the
Stockholm School of Economics (1976).
