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PRESS RELEASE CORRECTION: iTech Medical
Clarifies Composition of Board of Directors
THIS PRESS RELEASE CORRECTS
THE VERSION THAT WAS RELEASED ON APRIL 29,
2011 – SHAREHOLDERS ELECT NEW BOARD
(HUNTINGTON BEACH,
Calif., May 5, 2011) – iTech
Medical, Inc. (OTCBB:IMSU
-
News) (FWB:0IM
-
News),
today reported that a press release issued
on April 29, 2011 reporting that a majority
of its shareholders had executed written
consents to removal of the Company's Board
of Directors was inaccurate and was issued
without the consent or approval of the Board
of Directors.
On April 27, 2011, the
Company received a copy of written consents
purportedly signed by holders of a majority
of the issued and outstanding stock of the
Company removing the entire Board and
electing Warren G. Baker and Wim Peters to
the Board. The Company has reviewed the
consents and has determined that the
consents were executed by far less than 50%
of the shareholders of record of the
Company. Accordingly, the shareholders have
not removed the Board or elected new
directors, and the existing Board of six
members remains the Board of Directors of
the Company. The current board of directors
comprises George Angelidis (Director),
Warren G. Baker, Wayne D. Cockburn, Craig
Lunsman, Donald Paterson Wim Peters.
...
MORE ...
iTech Medical’s Shareholders
Elect New Board of Directors
HUNTINGTON BEACH, Calif.,
April 28, 2011 –
iTech Medical, Inc.
(OTCBB:IMSU
-
News)
(FWB:0IM
-
News),
a medical information technology company,
announced today that a
majority of its issued and current
shareholders have voted for the immediate
removal of its Board of Directors.
Additionally, the shareholders have elected
Warren G. Baker and Wim Peters as members of
the newly elected Board of Directors.
...
MORE ...
NEWS RELEASE 3.31.2011
HUNTINGTON BEACH, Calif., March 31, 2011 – iTech Medical, Inc. (OTCBB:IMSU - News) (FWB:0IM - News), today announced that Warren G. Baker has been appointed Chief Executive Officer of the company. Baker, a 25-year medical device and healthcare technology veteran, will be responsible for driving the company’s business strategy, execution and overall performance during its next phase of growth. Concurrent with this appointment Wayne D. Cockburn, who has led the company through its development and initial growth phases, will assume the role of Chief Financial Officer. Mr. Cockburn will also remain a director of the company. ... MORE ...
NEWS RELEASE 2.22.2011
HUNTINGTON BEACH, Calif., December 15, 2010 – iTech Medical, Inc. (OTCBB:IMSU - News) (FWB:0IM - News), a medical information technology company, announced today that Warren G. Baker has been appointed President and Chief Operating Officer, overseeing the company’s growing medical technology business. Baker, a 25-year medical device and healthcare technology veteran, brings to iTech Medical proven leadership experience in business development, operational excellence, strategic planning and new product development. The company also announced the appointment of Mr. Baker to its Board of Directors, effective February 19, 2011. ... MORE ...
Vista Partners Initiates Coverage on iTech Medical Inc.
NEWS RELEASE 12.15.2010
CE Mark Approval of Muscle Pattern Recognition (MPR) System Announced by iTech Medical Back and neck pain cases are a one of the greatest health problems in the European Union, with direct and indirect treatment costs in excess of 100 billion Euros/year.
HUNTINGTON BEACH, Calif., December 15, 2010 – iTech Medical, Inc. (OTCBB:IMSU - News) (FWB:0IM - News), a medical information technology company, announced today that it has received CE Mark approval for the commercial sale of the Company's Muscle Pattern Recognition (MPR) System in Europe. This approval allows for the marketing and sale of the Device in the European Union (EU) and all countries recognizing the CE Mark. The MPR System is a non-invasive clinical assessment tool being developed to assist in the diagnosis and treatment of back and neck pain, one of the most common chronic conditions in the industrialized world. On December 13, 2010, the Company reported that it had received Health Canada approval to begin sales and marketing of the MPR System in Canada. ... MORE ...
NEWS RELEASE 12.2010
Health Canada Approves iTech Medical's Muscle Pattern Recognition Technology
HUNTINGTON BEACH, Calif., December 13, 2010
– iTech Medical, Inc. (OTCBB:IMSU - News) (FWB:0IM - News), a medical information technology company, announced today that it has received Health Canada approval for the Company’s Muscle Pattern Recognition (MPR) System, a non-invasive clinical assessment tool being developed to assist in the diagnosis and treatment of back and neck pain, one of the most common chronic conditions in Canada. “The approval of the MPR System by Health Canada is a significant achievement for iTech Medical and represents another major step towards the global commercialization of the device,” stated Wayne Cockburn, President & CEO at iTech Medical. ...MORE...
NEWS RELEASE 10.21.2010
iTech Medical Announces Completion of Patient Enrollment for the Utah Clinical Study
(Huntington Beach, CA – October 21, 2010) – iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, announced today that it has completed subject enrollment in its first sponsored clinical study of the Company’s Muscle Pattern Recognition (
MPR
) technology. MPR is a non-invasive, proprietary technology platform that objectively analyses patterns of muscle recruitment - the engagement of muscles in order to perform specific body movements. The MPR technology is currently being developed as a clinical assessment tool that the Company believes can assist in the diagnosis and treatment of back and neck pain - one of the most common problems faced by a large portion of the world's population. The Company reported that the study, which was conducted at the
Utah
Spine & Joint
Center
, enrolled 602 subjects, aged 18-62 years old, with approximately equal gender separation and a wide variation in ethnic backgrounds. The primary objective of the study was to identify unique and reliable surface electromyographic (sEMG) measurements of muscle recruitment patterns of the neck and back during the execution of well defined motor tasks (body positions) performed during the
MPR
procedure. “We are very pleased with the preliminary review of the results,” commented Dr. Alan Goldman, Vice President, Medical and Scientific Affairs at iTech Medical. “This was a large study and the MPR System operated flawlessly in the clinical setting. We had a tremendous response to our subject recruiting efforts from individuals in all walks of life and I believe our current database is a good representative sample of the North American working population as well as an industrialized population at large. Our research team along with members of our Medical and Scientific Advisory Board will now conduct a thorough review of the clinical data and announce the results when they become available."
NEWS RELEASE 09.23.2010
(Huntington Beach, CA – September 23, 2010) – iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, today announced that it has received ISO 13485:2003 certification for the production and sale of surface electromyography (sEMG) diagnostic devices for clinical use. The ISO 13485:2003 quality standard is recognized as the international standard for quality management systems specific to the design, development and production of medical devices.
NEWS RELEASE 09.22.2010
(Huntington Beach, CA – September 22, 2010) – iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, today announced the appointment of Karl R. Wolcott as Vice President of Sales and Marketing. In this new capacity, Wolcott is charged with developing and implementing strategic initiatives to begin sales of the MPR System throughout the Americas, Europe, and Asia. He will report directly to Wayne Cockburn, President and CEO at iTech Medical.
NEWS RELEASE 05.06.2010
(Huntington Beach, CA – May 6, 2010) – iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, today announced that Mr.
Wim Peters
has joined the Company's Board of Directors. In 1973, Mr. Peters founded Stako B.V., a Dutch company that develops and manufactures large-scale, automated welding and cutting systems for the international market. In 2007, Mr. Peters sold Stako and is currently the CEO of a real estate holding company. Mr. Peters graduated from the Eindhoven University of Technology in 1972 with a degree in Mechanical Engineering ... MORE ...
NEWS RELEASE 03.25.2010
(Huntington Beach, CA – March 25, 2010) – iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, is pleased to announce that it has entered into a financing agreement with a European investor for $2.2 million of equity financing over the next 12 months. The investor has the option to provide another $1.0 million of equity financing during the following six months. The Company intends to use the proceeds for working capital and to complete the clinical and regulatory work on its proprietary Muscle Pattern Recognition (MPR) System and introduce the MPR System in North America and Europe, anticipated to be in the fall of 2010. ... MORE ...
NEWS RELEASE 02.11.2010
Huntington Beach, CA (February 11, 2010) – iTech Medical, (OTCBB: IMSU, FWB: 0IM), an information technology company, announced today that it has signed an exclusive, three year manufacturing agreement with Thought Technology Ltd. of Montreal, Quebec for the Company’s proprietary Muscle Pattern Recognition (MPR) technology. MPR is a patented clinical tool that analyzes patterns of muscle recruitment. It provides detailed physiological information on muscle function that can assist in the diagnosis and treatment of back and neck injuries and illness. ... MORE ...
For 2009 iTech Medical Press Releases, please click here.
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