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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000109657-10-000012.txt : 20100315
<SEC-HEADER>0000109657-10-000012.hdr.sgml : 20100315
<ACCEPTANCE-DATETIME>20100312193928
ACCESSION NUMBER:		0000109657-10-000012
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100308
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100315
DATE AS OF CHANGE:		20100312

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OXIS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000109657
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				941620407
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08092
		FILM NUMBER:		10679392

	BUSINESS ADDRESS:	
		STREET 1:		468 N. CAMDEN DR.
		STREET 2:		2ND FLOOR
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210
		BUSINESS PHONE:		(310) 860-5184

	MAIL ADDRESS:	
		STREET 1:		468 N. CAMDEN DR.
		STREET 2:		2ND FLOOR
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DDI PHARMACEUTICALS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAGNOSTIC DATA INC /DE/
		DATE OF NAME CHANGE:	19850312
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>currentreport.htm
<DESCRIPTION>OXIS CURRENT REPORT
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item 5.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">On March 11, 2010, the Company entered into an Employment Agreement, effective March 1, 2010, with Bernard Landes, pursuant to which Mr. Landes is employed as the Company&#8217;s President through February 28, 2011.&#160;&#160;&#160;The agreement renews automatically at the end of the initial term for up to four additional consecutive one-year periods, unless either party delivers a notice of termination at least 30 days prior to the expiration of the term to the other party.&#160;&#160;Under his employment agreement, Mr. Landes is entitled to a base annual salary of $100,000.&#160;&#160;Mr. Landes is eligible to receive a bonus as determined by the Company in its sole discretion.&#160;&#160;Additionally, Mr. Landes was gr
anted an incentive stock option to purchase up to 2,220,453 shares of the Company&#8217;s common stock (&#8220;Common Stock&#8221;) under the Company&#8217;s 2003 Stock Incentive Plan, which is equal to one percent of the sum of (i) the total number of shares of Common Stock, (ii) the number of shares issuable pursuant to currently outstanding, fully vested and exercisable stock options, and (iii) the number of shares issuable upon the conversion of convertible securities issued by the Company, other than convertible debt which may, at the Company&#8217;s option, be repaid prior to conversion, (&#8220;One Percent&#8221;) as of the first date of the initial one-year term. For each renewal term, Mr. Landes will be granted an additional number of shares equal to One Percent as of the first date of each such additional renewal term. The options vest and become exercisable in four equal quarterly installments on the 90<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th<
/font>, 180<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font>, 270<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> and 365<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day after the first date of the initial term or the renewal term, as the case may be, provided that Mr. Landes remains in the Company&#8217;s continuous employ through such quarterly vesting dates.&#160;&#160;The options are exercisable at an exercise price equal to the Common Stock as of the first date of the initial term and thereafter on the date of any subsequent grant upon any subsequent renewal term, and have a term of 10 years from the date of grant.&#160;&#160;In the event the Company terminates Mr. Landes&#8217; employment without &#8220;cause&#8221; (as defined in his employment agreement), the Company has agreed to pay him a lump-sum severance amount equal to the greater o
f his salary due for the balance of such term or his nine months&#8217; base annual salary under his employment agreement.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Mr. Landes, 61, has over 30 years of experience in the nutraceutical and functional foods industry.&#160;&#160;Since January 2000, Mr. Landes has been the President of the Nutritional Products Consulting Group, a company that provided consulting services to a global client base in the areas of scientific, regulatory, product commercialization, and mergers and acquisitions.&#160;&#160;Among his lead clients were, MonaVie LLC, a developer and marketer of scientifically formulated anti-oxidant nutritional drinks.&#160;&#160;Mr. Landes currently serves as the President of the MonaVie&#8217;s Science Advisory Board.&#160;&#160;Mr. Landes was the CEO of Paracelsian, Inc., an herbal nutritional supplements company, from January 1
998 to December 1999.&#160;&#160;Prior to that, he was a General Manager at Alacer Corporation, a nutritional supplement and water company.&#160;&#160;Prior to his services at Alacer Corporation, Mr. Landes served for 11 years as director of Marketing, Strategic Planning, Product Development, Nutritional Science and Regulatory Affairs for Health Valley Foods.&#160;&#160;Mr. Landes also served as General Manager of Zila Nutraceuticals from January 2006 until November 2006.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">On March 11, 2010, the Company entered into an Employment Agreement, effective March 1, 2010, with Michael Handelman, pursuant to which Mr. Handelman is employed as the Company&#8217;s Chief Financial Officer through February 28, 2011.&#160;&#160;The agreement renews automatically at the end of the initial term for up to four additional consecutive one-year periods, unless either party delivers a notice of termination at least 30 days prior to the expiration of the term to the other party.&#160;&#160;Under his employment agreement, Mr. Handelman is entitled to a base annual salary of $54,000.&#160;&#160;Mr. Handelman is eligible to receive a bonus as determined by the Company in its sole discretion.&#160;&#160;Additionally
, Mr. Handelman was granted an incentive stock option to purchase up to 250,000 shares of Common Stock under the Company&#8217;s 2003 Stock Incentive Plan, and will be granted an additional option to purchase 250,000 shares at the commencement of each renewal term.&#160;&#160;The options vest and become exercisable in four equal quarterly installments on the 90<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font>, 180<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font>, 270<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> and 365<font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day after the first date of the initial term or the renewal term, as the case may be, provided that Mr. Handelman remains in the Company&#8217;s continuous employ through such quarterly vesting dates.&#160;&#160;In the event the Comp
any terminates Mr. Handelman&#8217;s employment without &#8220;cause&#8221; (as defined in his employment agreement), the Company agrees to pay him a lump-sum severance amount equal to the greater of his salary due for the balance of such term or his three months&#8217; base annual salary under his employment agreement.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Mr. Handelman, 51, has over 28 years of financial management experience and has provided services to the Company since August 2009 as a financial management consultant. Before joining the Company, he served from November 2004 to July 2009 as Chief Financial Officer and Chief Operating Officer of TechnoConcepts, Inc., a developing technology and manufacturing company.&#160; Prior to that, Mr. Handelman served from October 2002 to October 2004 as Chief Financial Officer of Interglobal Waste Management, Inc., a California start-up manufacturing company, and from July 1999 to September 2002 as Vice President and Chief Financial Officer of Janex International, a children&#8217;s toy manufacturer.&#160; Mr. Handelman has also be
en the Chief Financial Officer from 1993 to 1996 of the Los Angeles Kings, a $45 million National Hockey League franchise.&#160; Mr. Handelman is a certified public accountant and holds a degree in accounting from the City University of New York.</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">OXIS INTERNATIONAL, INC.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:<font style="DISPLAY: inline">/s/ ANTHONY CATALDO</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[LETTERHEAD OF OXIS INTERNATIONAL, INC.]</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Oxis International, Inc. Announces the Appointment of Bernie Landes as President</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previous Experience Includes Positions as Former Health Valley Foods Executive and Current President of Monavie&#8217;s Scientific Advisory Board -</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Press Release</font> Source: Oxis International, Inc. On Thursday March 11, 2010, 10:04 am EST</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BEVERLY HILLS, Calif.--(BUSINESS WIRE)--<font style="DISPLAY: inline; FONT-WEIGHT: bold">OXIS INTERNATIONAL, INC. (Pink Sheets: OXIS, Paris: OXI) </font>is extremely proud to announce that Bernie Landes has joined the company as its President. Mr. Landes has over 30 years of experience in the nutraceutical and functional foods industry. Most recently Mr. Landes served as the President of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Nutritional Products Consulting Group</font> serving a global client base in the areas of scientific, regulatory commercialization and M&amp;A activity.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Among his lead clients is, <font style="DISPLAY: inline; FONT-WEIGHT: bold">MonaVie LLC,</font> a developer and marketer of scientifically formulated anti-oxidant nutritional drinks, where he currently serves as the President of the Company's Science Advisory Board.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Mr. Landes has been involved in the development and growth of several key iconic brands. As the CEO of <font style="DISPLAY: inline; FONT-WEIGHT: bold">Paracelsian, Inc</font>. he led the development of the innovative <font style="DISPLAY: inline; FONT-WEIGHT: bold">BioFit </font>"functional" quality assurance program for herbal nutritional supplements and at <font style="DISPLAY: inline; FONT-WEIGHT: bold">Alacer Corporation</font>, as General Manager, he dramatically expanded the scope and sales of the <font style=
"DISPLAY: inline; FONT-WEIGHT: bold">"Emer"gen-C"</font> vitamin drink mix, making it the most successful single dietary supplement product in history. He also spearheaded <font style="DISPLAY: inline; FONT-WEIGHT: bold">Alacer</font>&#8217;s pioneering entry into the functional water market with <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Miracle Sports Water"</font> which was the first ever sold as a nutritional supplement and predecessor of such mega brands as<font style="DISPLAY: inline; FONT-WEIGHT: bold"> "Vitamin Water"</font>.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Prior to his success at <font style="DISPLAY: inline; FONT-WEIGHT: bold">Alacer Corporation, </font>Mr. Landes served for 11 years as director of Marketing, Strategic Planning, Product Development, Nutritional Science and Regulatory Affairs for <font style="DISPLAY: inline; FONT-WEIGHT: bold">Health Valley</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">Foods</font> where he helped propel the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Health Valley Brand</font> into the most successful natural foods brand in history. His vision drove the development of over 100 Oat Bran products and later 150 fat-free and Organic products. Mr. Landes also served as General Manager of <font style="DISPLAY: inline; FONT-WEIGHT: bold">Zila</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">Nutraceuticals</font> maker of <font style="DISPLA
Y: inline; FONT-WEIGHT: bold">"Ester-C"</font> and was a key player in the sale of that division to <font style="DISPLAY: inline; FONT-WEIGHT: bold">Natures' Bounty </font>in October of 2006.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tony Cataldo, Chairman and CEO of Oxis, commented, &#8220;Oxis continues to add experienced executives to its world-class management team and we are excited to have a recognized nutritional industry leader, Bernie Landes, join us as we grow the Company. His considerable experience with nutritional products and markets will be invaluable in accelerating the acceptance of Ergothioneine-derived nutraceutical and cosmeceutical products and in monetizing Oxis&#8217; extensive intellectual property portfolio.&#8221;</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;I am excited by this opportunity because of the uniqueness of the IP within Oxis. The potential to utilize Ergothioneine &#8211; the most powerful antioxidant known - as a platform for nutraceuticals is the most compelling opportunity I have seen during my 30 plus years in this industry,&#8221; stated Mr. Landes.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Contact the Company at: 310-860-5184 for additional information about OXIS, or visit our web site: <font style="DISPLAY: inline; TEXT-DECORATION: underline">http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.oxis.com&amp;esheet=6210316&amp;lan=en_US&amp;anchor=www.oxis.com&amp;index=1&amp;md5=57481b1f2c9b637297037a0fc3d3ae48</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">About OXIS International, Inc.</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OXIS International, Inc. develops technologies and products to research, diagnose, treat and prevent diseases of oxidative stress/inflammation associated with damage from free radical and reactive oxygen species (ROS). The company holds the rights to several therapeutic classes of compounds in the area of oxidative stress, and has focused commercialization programs that include SOD (superoxide dismutase), MPO (myeloperoxidase), GPx (glutathione peroxidase), as well as a highly potent antioxidant, Ergothioneine, that may be sold over-the-counter (OTC) as a dietary supplement.</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Forward-Looking Statement</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company&#8217;s filings with the Securities and Exchange Commission.</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Contact:</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Oxis International, Inc.</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Anthony Cataldo, 310-860-5184</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief Executive Officer</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Wolfe Axelrod Weinberger Associates, LLC</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stephen D. Axelrod, CFA / Adam Lowensteiner</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">212-370-4500</font></div>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
