Catasys Announces Transition to a New Board of Directors

           Catasys Announces Transition to a New Board of Directors  PR Newswire  LOS ANGELES, Feb. 13, 2014  LOS ANGELES, Feb. 13, 2014 /PRNewswire/ --Catasys, Inc. (OTC BB: CATS), provider of proprietary health management services to health insurers and employers, today announced the transition to a new Board of Directors.  Terren Peizer, Chairman and CEO of Catasys, commented, "The purpose of our transition is to have a new invigorated board, which more accurately reflects our shareholder base, our stage of development, and increases our public company experience with the addition of C level management and directors that serve other similar situated public companies. The transition also increases our healthcare services industry relationships and expertise with proven healthcare executives that know the Company's target market."  The new board additions include:    oMinal Patel, MD: Dr. Patel is an Executive Vice President at iHealth     Technologies. He joined iHealth in 2012 through its acquisition of Care     Management International (CMI), an innovative care management company that     Dr. Patel founded and served as CEO. Prior to this, he has served in     several executive roles, most recently as President and COO of Horizon     Healthcare of New York, a 200,000 member subsidiary of Horizon Blue Cross     Blue Shield of New Jersey and prior to that he was the Executive Medical     Director for Quality Management and Clinical Innovations for Horizon     BCBSNJ. He was also previously a strategy consultant for McKinsey and     Company. Dr. Patel has a BS in medical sciences and a doctorate in     medicine from Boston University and a Masters in Public Health degree from     Harvard University.   oRichard Berman: Mr. Berman is currently the President and CEO of LICAS, a     K-12, College and University, Health Care consulting firm. In addition, he     currently serves as Chairman of Emblem Health' s Quality of Care Committee     and a member of its Audit Committee. Previously he was a management     consultant for McKinsey & Company, Executive Vice President of NYU Medical     Center and Professor of Health Care Management at the NYU School of     Medicine. He has also held various roles at Korn Ferry International,     Howe-Lewis International, the New York Office of Health Systems     Management, US Department of Health Education, and Welfare, and as the     President of Manhattanville College. In 1995, Mr. Berman was selected by     Manhattanville College to serve as its tenth President. Mr. Berman is     credited with the turnaround of the College, where he served until 2009.     In 2006, Mr. Berman was awarded a Fulbright Commission grant to travel to     Uganda and provide strategic planning and leadership training to Kabale     University. Mr. Berman has a Bachelors of Business Administration, a MBA     and Masters in Public Health.    oSteven Kriegsman: Mr. Kriegsman has been CytRx's (Nasdaq: CYTR) President     and Chief Executive Officer and director since July 2002. He also serves     as a director of Galena Biopharma, Inc. (Nasdaq: GALE) and Chairman of     Galena's Compensation and Transaction Committees. He previously served as     Director and Chairman of Global Genomics from June 2000. Mr. Kriegsman is     an inactive Chairman and Founder of Kriegsman Capital Group LLC, a     financial advisory firm specializing in emerging growth companies in the     healthcare industry. He previously served as a Director and is the former     Chairman of the Audit Committee of Bradley Pharmaceuticals, Inc. (NYSE,     the company since has been sold). Mr. Kriegsman has a BS degree with     honors from New York University in Accounting.   oDavid Smith: Mr. Smith is the President, Chief Executive Officer and     Chief Investment Officer of the Trading Advisor. Mr. Smith was the     founder and Chief Executive Officer of Coast Asset Management. Mr. Smith     has worked in various capacities in the securities industry, including as     Vice President of Security Pacific Bank,and Oppenheimer and Company as a     bond arbitrageur, and he is also a successful investor in small cap growth     companies. Mr. Smith has a M.B.A. from the University of California at     Berkeley.   oMarvin Ingelman: Mr. Ingelman is Chief Executive Officer of Sprylogics     International Inc. (SPY: TSX), a leader in the semantic search technology     sector and currently on the Board of Directors of Jamba Juice (JMBA :     NASDAQ) and American Apparel, Inc. (APP : NYSE MKT). Previously he was     CEO of Unomobile, Inc., a mobile advertising and messaging platform that     was acquired in February 2010 by Poynt Corporation. Mr Ingelman was also     founder, President and CEO of Brandera Inc., which operated     Portfolios.com, a leading online business-to-business site for the Graphic     Arts and creative community, and has served as a business development     consultant for numerous technology companies, and established a number of     other successful ventures.  Mr. Peizer concluded, "We are delighted to add the new Board Members with such strong credentials to Catasys' Board. Their proven backgrounds in driving growth and creating shareholder value will be an asset to the company and its shareholders as we continue to add on new health plans and other payors to our OnTrak healthcare solution."  About Catasys, Inc.  Catasys, Inc. provides specialized health management services to health plans and employers through a network of licensed and company managed health care providers. The Catasys substance dependence program improves member health, thereby lowering overall costs. The proprietary program addresses substance dependence as a chronic disease, focusing on the whole health of the member. The program delivers integrated medical and psychosocial interventions in combination with long-term care coaching. For further information, please visit www.catasyshealth.com.  Forward-Looking Statements  Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, changes in regulations or issuance of new regulations or interpretations, limited operating history, lack of outcomes and statistically significant formal research studies, difficulty enrolling members in our programs, the risk that treatment programs might not be effective, difficulty in developing, exploiting and protecting proprietary technologies and intense competition and substantial regulation in the health care industry. You are urged to consider statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plan," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words and other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties we face, please refer to our most recent Securities and Exchange Commission filings which are available on its website at http://www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.  SOURCE Catasys, Inc.  Website: http://www.catasyshealth.com Contact: James Carbonara, Hayden IR, 646-755-7412, james@haydenir.com