Cardiovascular Sciences, Inc. Announces Funding Event
12 Dezember 2007 - 5:06PM
Business Wire
Cardiovascular Sciences, Inc. (Pink Sheets:CVSC), a corporation
under the laws of Nevada, is excited to reveal an initial funding
event with Seven Palm Investments, LLC of Illinois. After a recent
assessment and restructuring of the company�s equity, the company
and its investors are ready to move ahead in the field of the
company�s primary technology, that of the prevention of adhesions
following surgery. Adhesions occur any time two adjacent tissues
have been injured as part of the normal healing process. For cuts
on the surface of the skin, this is a good thing. But when it is
between two internal organs or tissue surfaces that are not usually
fused, it can cause clinically significant and serious problems.
The company�s current technology and plans promise to satisfy some
of the issues that are currently not addressed by the few products
on the market at this time. �We feel that we have developed a novel
and exciting approach to this problem that plagues all surgeries
and can be clinically significant in up to a quarter of all
procedures,� explains Dr. Larry Hooper, the company�s CEO since
last November. He goes on to add, �We have been gradually resolving
various corporate issues that have slowed us down in the past, but
we expect to see a rapidly accelerating pace of development from
here on.� The company has recently completed its first arm of
development and has produced several formulations of its material
with anti-adhesive properties. The criterion set down for the
various stages of development have been exceeded. In addition,
because of the additional six figure grant from the I-4 High Tech
Corridor Council last year, the degradation studies were initiated
ahead of schedule. In addition, several new areas have opened up
recently that hold a promise of an even broader range of
applications for the company�s technology arena. �This initial
funding will allow us to resolve many of the obstacles that must be
overcome in any business at this stage,� stated Dr. Hooper. �It
will also allow us to forge ahead at a more optimum pace for
continuing to develop our technology in this exciting area. We have
entered a new stage in our corporate growth.� Concurrent with this,
the Company�s website has gone live at www.cvsciences.org and holds
quite a bit of current information, not just on the company, but
also on this field of technology. The company pledges to be
forthcoming with news and information as new developments, now made
possible with this funding event, occur. Inquiries for Investor
Relations may be directed to Seven Palm Investments, LLC at
630-527-9948 About Cardiovascular Sciences, Inc. Based in Orlando,
Florida, Cardiovascular Sciences Inc. is focused on the development
of innovative medical products. Cardiovascular Sciences is
currently developing proprietary technology for the prevention of
post-surgical adhesions. This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. In particular when used
in the preceding discussion, the words believes, expects, intends,
will, anticipated or may and similar conditional expressions are
intended to identify forward-looking statements within the meaning
of the Act and are subject to the safe harbor created by the Act.
Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are
forward-looking statements that involve a number of risks and
uncertainties including, without limitation, risks associated with
operations, availability of capital on a reasonable term, the
effects of government regulations and operations risks.
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