Ivivi Technologies and Its Exclusive Canadian Distributor, T.H.E. Medical, Announce Health Canada Approval of Roma3 Electrothera
17 Aprile 2007 - 2:30PM
Business Wire
Ivivi Technologies, Inc. (AMEX:II), a developer of non-invasive,
electrotherapeutic technologies, today announced that Barrie,
Ontario-based T.H.E. Medical, Ivivi�s exclusive Canadian
distributor, has obtained approval from Health Canada, Canada�s
Federal regulatory department for health matters, for the
distribution of Ivivi�s Roma3 pulsed electromagnetic field (PEMF)
therapy device in Canada. Roma3 represents Ivivi�s latest
technological advancement in Electroceuticals� and will now be
available in Canada for the non-invasive treatment of pain and
edema in wounds. �We believe the market for wound care products in
Canada, like the rest of the world, will continue to grow, driven
by an aging population as well as the rise in the incidence of
diabetes. We are delighted that healthcare providers and patients
in Canada will now be able to benefit from the Roma3,� said Andre�
DiMino, Vice Chairman and Co-Chief Executive Officer of Ivivi. �Our
PEMF technology has been safely used in over 600,000 treatments
since the mid 1990�s to non-invasively treat injured soft tissue
pain and swelling by stimulating biochemical and physiological
processes.� "We are very excited to bring this next generation
wound care technology to Canada. The Roma3 has shown excellent
clinical outcomes while drastically lowering the cost-per-treatment
when compared to other technologies currently available,� said Noel
Duquette, Co-Chair of T.H.E. Medical. "We were drawn to T.H.E.
Medical because of their fine reputation and ability to educate,
sell and support the platform across the country,� added DiMino.
�T.H.E Medical has demonstrated both the vision and capacity to
bring our technology to a large clinical population,� said David
Saloff, President and Co-CEO of Ivivi. �We believe this is an
excellent opportunity to make a difference in the lives of many
Canadians, without many of the risks associated with other
therapies.� The Roma3 is primarily marketed as a rental product to
the chronic care markets, particularly for use in long-term acute
care hospitals, as well as in long-term care nursing facilities,
rehabilitation hospitals, acute care hospitals and facilities and
home health systems. About Ivivi Technologies, Inc. Based in
Northvale, NJ, Ivivi Technologies, Inc. is a medical technology
company focusing on designing, developing and commercializing its
proprietary electrotherapeutic technology platform. Ivivi�s
research and development activities are focused specifically on
pulsed electromagnetic field, or PEMF, technology, which, by
creating a therapeutic electrical current in injured soft tissue,
stimulates biochemical and physiological processes to help repair
injured tissue and reduce related pain and inflammation. The
Company�s Electroceuticals� have been used in non-invasive
treatments for a wide array of conditions, including pain and edema
in chronic wounds, plastic and reconstructive surgery and chronic
inflammatory disorders. For more information visit
www.ivivitechnologies.com. About T.H.E. Medical Based in
Barrie-Ontario, T.H.E. Medical, established in 1989, is the leading
Canadian manufacturer of high-quality, full-line institutional
patient care and patient handling products. For more information
visit www.themedical.com. Forward-Looking Statements This release
contains "forward-looking statements" made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements reflect management's current
knowledge, assumptions, judgment and expectations regarding future
performance or events. Although management believes that the
expectations reflected in such statements are reasonable, they give
no assurance that such expectations will prove to be correct and
you should be aware that actual results could differ materially
from those contained in the forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, including, but not limited to, the Company�s limited
operating history, history of significant and continued operating
losses and substantial accumulated earnings deficit, difficulties
with its financial accounting controls, the failure of the market
for the Company�s products to continue to develop, the inability
for customers to receive third party reimbursement, the inability
to obtain additional capital, the inability to protect the
Company�s intellectual property, the loss of any executive officers
or key personnel or consultants, competition, changes in the
regulatory landscape or the imposition of regulations that affect
the Company�s products and other risks detailed from time to time
in the Company�s filings with the Securities and Exchange
Commission, including the Company�s registration statement on Form
SB-2. The Company assumes no obligation to update the information
contained in this press release.
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