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Date: Aug 20 2008

Lifetree clinical research recognized as one of Utah Business Magazine’s 50 Fastest Growing Companies
NEWS RELEASE
FOR IMMEDIATE RELEASE:  August 20, 2008
FOR INFORMATION:  Therese Clay, XO Marketing, (801) 541-9244, e-mail therese@xomktg.com
 
LIFETREE CLINICAL RESEARCH RECOGNIZED AS ONE OF UTAH BUSINESS MAGAZINE’S 50 FASTEST GROWING COMPANIES
                       
Salt Lake City- Lifetree Clinical Research® has been selected by Utah Business magazine as one of Utah’s 50 fastest growing companies.  Lifetree is a clinical research company dedicated to supporting the pharmaceutical, device and biotechnologies industries.  
                                   
According to the magazine, the Fast 50 recognizes companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth.  All of the selected companies will be featured in Utah Business magazine’s September issue and honored at a luncheon on August 27, 2008 at the Grand America Hotel.  During the event, the Fast 50 companies will be announced and recognized in numerical order based on revenue growth.  A video program will highlight each of the winners.  Lifetree Clinical Research President and CEO Alice A. Jackson will accept the award on behalf of the company.
               
"We are delighted with the growth Lifetree has experienced and is continuing to experience since our inception in 2003,” said Jackson. "Not only have we strengthened our industry relationships, but we have developed a reputation for being a quality-driven organization providing specialty niche services to our clients.    We are committed to excellence in every aspect of our work, something that has been recognized by our clients and demonstrated through their continual repeat business.”
            
Jackson was recognized earlier this year by Utah Business as one of the magazine’s "30 Women to Watch,” and Lifetree Clinical Research will be listed later this year on the 2008 Inc. 5,000 fastest growing companies in America list.
                
In order to be considered for the Utah Business award, a company had to be at least 5 years old, based in Utah, and be an independently held corporation, partnership or proprietorship. In addition, each company had to provide the magazine with revenue information for years 2004 through 2007.  
     
Revenues at Lifetree Clinical Research have increased 23 percent, 98 percent and 47 percent respectively during the years ending December 31, 2007, 2006 and 2005 as compared with the prior year. As of December 2007, the company had 62 employees.  Lifetree Clinical Research works with biopharmaceutical partners to bring safe, effective drugs to the market and grew its employment force by 250 percent last year.
 
MORE ABOUT LIFETREE CLINICAL RESEARCH®:
Lifetree Clinical Research® is a privately-held company, headquartered in Salt Lake City, Utah. Lifetree's clinicians are recognized clinical and regulatory thought leaders in CNS, analgesia and abuse liability protocol design, implementation and oversight. Lifetree is dedicated to supporting the pharmaceutical, device, and biotechnology industries by providing unparalleled service and becoming an indispensable drug development partner. For more detailed information about Lifetree Clinical Research®, please visit www.lifetreeresearch.com <http://www.lifetreeresearch.com/> .