[0] Medical Resources Management, Inc. Shareholders Approve Merger with Emergent Group Inc.Business & Health/Medical Editors GLENDALE, Calif.--(BW HealthWire)--June 13, 2001 Medical Resources Management, Inc. ("MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MRMC MRMC Medical Research and Materiel Command (US Army) MRMC Medical Research Modernization Committee MRMC Munroe Regional Medical Center (Florida) MRMC McLaren Regional Medical Center - news) announced the results of its Wednesday June 13, 2001 shareholders' special meeting to consider and vote upon a proposed merger with MRM Acquisition Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Emergent Group Inc. A majority of MRM shareholders have voted in favor of the merger that is expected to close next month. Commenting on the results Mark Waldron, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Emergent Group, stated, "Emergent has completed a major step in establishing a national healthcare distribution network. By merging with MRM we will bring advanced medical technologies to market by using MRM's effective distribution channels with doctors, hospitals and healthcare facilities. MRM had revenues in excess of $11 million last year and we expect to increase that figure when additional technologies such as Trimedyne's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TMED TMED Transfusion Medicine ) proprietary surgical laser systems are added to the product line." Mr. Waldron added, "MRM provides a dynamic platform for distributing surgical products and services in a 'fee per procedure' model. Our unique model will allow healthcare providers access to leading-edge technologies that may be out of reach due to large upfront capital costs. With the addition of MRM, Emergent will be able to provide physicians with valuable laser and medical technologies through well established distribution channels." About MRM Based in Glendale, CA, Medical Resources Management is a leading provider of medical equipment solutions in the areas of laser surgery, cryosurgery cryosurgery (krī`ōsr'jərē), bloodless surgical technique using a supercooled probe to destroy diseased or superfluous tissue. , brachytherapy and other capital-intensive medical technologies to more than 600 health care facilities and 1,400 physicians. In addition to offering medical equipment and certified technician services on a per procedure basis, the company provides extensive training and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to health care professionals. About Emergent Group Inc. Emergent Group (OTCBB:EMGR) is acquiring medical technologies and distribution organizations and is launching an innovative national distribution network leveraging physician and health-care facility access with medical technology acquisitions and strategic relationships. In May 2001 Emergent Group announced it had signed a letter of intent to merge with Trimedyne Inc. This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are product liability, changing economic, political or regulatory influences on the healthcare industry, changes in product pricing policies, competitive pressures, general economic conditions, and the risk factors detailed from time to time in the Company's' periodic reports and registration statements filed with the Securities and Exchange Commission as applied to the company as of the date hereof. |
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