AcuNetx Beefs Up 'Balance Project'; Signs Letter of Intent with Developer of BioMotion Technology.TORRANCE, Calif. -- AcuNetx, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ANTX) announced today that it has signed a Letter of Intent with Applied Technology Holdings (ATH, www.appliedtechnologyholdings.com) of Laguna Beach, California
Laguna Beach is a seaside resort and artistic community located in southern Orange County, California, approximately 24 miles (39 km) southeast of downtown Santa Ana. , to market ATH's proprietary BioMotion Sensors to healthcare professionals who deal with or focus on balance- and fall-related issues. The sensors will be incorporated into a turn-key package and sold through IntelliNetx, an AcuNetx operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . "ATH's proprietary sensor technology is an ideal complement to the products we have assembled. It permits us to provide our customers with the very best balance program available...anywhere," said Ron Waldorf, 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 AcuNetx. "ATH's sensors represent a simple, low-cost approach to evaluating a patient's walking patterns. Equally important, they will give us a clear competitive advantage as the company's 'Balance Project' evolves into a full-service, turn-key program." A staggering $19 billion a year is spent on imbalance. It is one of the most common complaints of patients and is the cause of 14,000 deaths of people over 65 years of age annually (Note: The number of people 65 years of age or older is projected to double in the next twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. government data, a reduction of hip fractures and/or hip replacements by a mere 5% would result in a savings of $1 billion a year to Medicare, Medicaid and private insurers. The importance of this health issue has not been lost on Congress. Indeed, it is being addressed by the Safety of Seniors Act of 2007 (http://www.govtrack.us/congress/bill.xpd?bill=s110-845) sponsored by Sen. Enzi (WY) and Co-Sponsored by Senators Hatch (UT), Kennedy (MA), Kohl (WI) and Mikulski (MD). The bill recently passed the Senate on a unanimous vote, and is now in the House of Representative's Committee on Energy and Commerce. Commenting on the deal, Patrick Dunn, President of Applied Technology Holdings, Medical Technology Group remarked: "We are excited about the impact that ATH's BioMotion technology will have on AcuNetx's optimization of balance assessment and rehabilitation rehabilitation: see physical therapy. . By working together, we are helping to create treatment and therapy that will address a very critical need for this significant healthcare dilemma." About AcuNetx, Inc. AcuNetx markets a diverse line of diagnostic, analytical and therapeutic tools designed to meet a variety of medical (audiologist Audiologist A person with a degree and/or certification in the areas of identification and measurement of hearing impairments and rehabilitation of those with hearing problems. , neurologists, otolaryngologists and physical therapists as well as hospitals, clinics, and extended care facilities) and law enforcement applications. AcuNetx is headquartered in Torrance. For more information concerning AcuNetx and its subsidiaries, please visit www.acunetx.com. |
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