biophan erhält 25 mio! Dieser Beitrag wurde 3736 mal gelesen, umfaßt 100 Postings und wurde mit 0 Punkten bewertet 1. biophan erhält 25 mio! taisir 06.02.04 15:17
BSNS WIRE) Biophan Technologies Secures Commitment for Additional Funding; F nancing Will Support Implementation of Company´s Stra Biophan Technologies Secures Commitment for Additional Funding; Financing Will S pport Implementation of Company´s Strategic Initiatives
Health/Medical Writers / Business Editors
ROCHESTER, N.Y.--(BUSINESS WIRE)--BIOWIRE2K-- Biophan Technologies, Inc. (OTC BB: BIPH), an innovator, developer and marketer of MRI-related and other advanced biomedical technology, announced today that it has executed a new agreement with SBI-Brightline that provides, at the Company´s election, up to $25 million in additional capital at an average price of approximately $1.41 per share. This round of financing will further enable the Company to pursue its previously announced strategic initiatives which include expansion of its patent portfolio, acceleration of marketing programs, and potential strategic acquisitions. The capital provided by this financing will also help the Company move toward satisfying the capital requirements for listing on a national securities exchange. The SBI agreement provides financing at the Company´s election, without resets or pricing adjustments. By having a fixed price financing, the Company can elect to draw down the capital needed without the risks and uncertainties inherent in an equity credit line. SBI´s obligation to purchase shares under the SBI agreement is contingent on the shares being registered with the SEC for resale by SBI. Also, shareholder approval of an increase in the Company´s authorized shares is required for the Company to raise more than $3.9 million of capital under the SBI agreement.
About Biophan Technologies, Inc.
Biophan Technologies develops and markets cutting-edge technologies used to make biomedical devices--such as cardiac pacemakers, surgical and diagnostic tools--safe and compatible with magnetic resonance imaging (MRI) equipment. Committed to growth through innovation and developmental leadership, Biophan and its licensors have four issued U.S. patents and over fifty patents pending, in areas including nanomagnetic particle coatings, radio frequency filters, polymer composites, and photonics. Biophan´s technology will help realize its goal of one day making all biomedical devices capable of safely and successfully working with MRI.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: the development of Biophan´s MRI technologies; the approval of Biophan´s patent applications; the successful implementation of Biophan´s research and development programs; the acceptance by the market of Biophan´s products; competition and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Biophan´s periodic filings with the Securities and Exchange Commission (the " SEC" ). As a result, this press release should be read in conjunction with Biophan´s periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Biophan undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
KEYWORD: NEW YORK INDUSTRY KEYWORD: PHARMACEUTICAL BIOTECHNOLOGY SOURCE: Biophan Technologies, Inc.
CONTACT INFORMATION: Contact: Trilogy Capital Partners, Inc. Racquel Rivera, Vice President, 800-330-6540 racquel@trilogy-capital.com or Press Interviews: Michael Weiner, 585-214-2441
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86. Mir wird langsam mulmig, denn Willynooga 11.02.04 22:11
ich hab keine lust wenn die aktie wie ein stein fällt.
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