Neutron Enterprises, Inc. announces appointment of Russell J. Hoffman and merger with University Medical, Inc. WHITE ROCK, BC, Feb. 24 /PRNewswire-FirstCall/ -- Neutron Enterprises Inc, (OTCBB: NTRN) announces Russell J. Hoffman as new intern President and Director. NTRN is pleased to announce that effective immediately Mr. Hoffman has been appointed as interim President and Director and will assume day to day operational responsibilities. Mr. Hoffman was a top analyst and portfolio manager on Wall Street for many years with senior positions held with Smith Barney, Lehman Brothers, and Bear Stearns and later the Chief Investment Officer for Reliance Insurance where he co-managed over $9 billion of assets. Nanuk Warman, the outgoing Chairman and CEO, and the other directors have tendered their resignations now that an orderly transition of management control has occurred, insuring that all of the previous affairs of NTRN have been finalized and completed. Pursuant to this announcement NTRN will merge its affairs with University Medical Enterprises Inc., a newly formed special purpose acquisition company, thereby streamlining and superseding all prior re-organizational efforts. NTRN will effect a name change to University Medical Enterprises, Inc. ("UMED") in due course and will notify shareholders upon receiving approval to change its ticker symbol to UMED on the OTC BB. The previously announced Letter of Intent to acquire the assets of NexTherapeutics Inc. has progressed to an asset purchase agreement with UMED. For more information logon to http://www.otcinfo.net/ or call Dick Ford (480-949- 7965) Director of Corporate Information and Customer Relations. This press release does not constitute an offer to sell or a recommendation to purchase any securities. This press release may contain forward-looking statements, including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the company's plan of operation, changes in the company's anticipated earnings, continuation of current contracts, changes in gaming and other applicable regulations, and other factors detailed in the company's filings with the Securities and Exchange Commission, including its most recent Registration Statement on Form 10-SB of the Securities and Exchange Commission, and Form 10-QSB Quarterly Reports. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public. DATASOURCE: Neutron Enterprises Inc. CONTACT: For more information logon to http://www.otcinfo.net/ or call Dick Ford, Director of Corporate Information and Customer Relations, 480-949-7965

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