IMMC Immunicon (MM)

The Board of Directors (the “Board”) of Immunicon Corporation, a Delaware corporation (“Immunicon”), appointed Teresa O. Lipcsey as its new principal accounting officer, effective as of March 14, 2008. Ms. Lipcsey assumed the role of principal accounting officer from James G. Murphy, whose resignation as Immunicon’s Senior Vice President, Finance and Administration and Chief Financial Officer was effective as of March 14, 2008.

Ms. Lipcsey, 42, has served as Vice President and Corporate Controller of Immunicon since January 2005. From December 2003 to January 2005, Ms. Lipcsey served as Executive Director and Controller of Immunicon. From May 1999 to December 2003, Ms. Lipcsey was Corporate Controller of Integrated Circuit Systems, Inc., a formerly public semiconductor company that designed, developed and marketed silicon timing devices. Ms. Lipcsey holds a B.S. in Accounting and Finance from University of Maryland and is a certified public accountant and a certified treasury professional.

Ms. Lipcsey’s current annual salary is $200,000 and she is eligible to participate in the benefit plans generally offered to Immunicon officers and employees. In addition, Immunicon has agreed to provide Ms. Lipcsey with a severance package if she is terminated by Immunicon (and her performance prior to that termination is satisfactory) consisting of a lump sum payment equal to nine (9) months of her base salary and continuation of certain benefits under Immunicon’s benefit plans for the one (1) month period following her termination. If Ms. Lipcsey agrees to sign a waiver at her termination under those circumstances, Immunicon has also agreed to continue certain benefits under Immunicon’s benefit plans for a further two (2) month period in addition to the one (1) month period described above.