CSMG Technologies Retains U.S. Instrument Design Firm for Commercial Design of Live Tissue Connect Hand Instruments.CORPUS CHRISTI, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. -- CSMG CSMG Creative Sales Marketing Group Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CTUM), a technology management company focused on commercializing human live tissue bonding devices, announced that the company has contracted with ViR Engineering, Inc. (http://www.vir-eng.com) for commercial design of surgical hand instruments for Live Tissue Connect (LTC), a subsidiary. Donald S. Robbins, president and 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 CSMG, said, "We look forward to working with ViR Engineering for designing the final commercial LTC hand instruments. ViR Engineering is recognized throughout the medical device industry as one of the world's leading medical hand instrument designers." CSMG owns the technology and exclusive world rights to the medical device through Live Tissue Connect, Inc., a subsidiary corporation formed for the development and exploitation of the human live tissue platform technology. LTC expects to complete a U.S. and European regulatory device for duct and vessel sealing meeting FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. and European CE Mark standards, respectively, and initial filing for approval of the device with the regulatory entities during the first quarter of 2007. About CSMG Technologies' Tissue Welding/Bonding Technology The LTC tissue bonding / welding device is a platform technology that bonds and reconnects living soft biological tissue through fusion without the use of foreign matters or conventional wound closing devices such as sutures, staples, sealant, or glues. Surgeons at 27 Ukraine hospitals and clinics are using the tissue welding/bonding technology in clinical trials. They have completed more than 7,000 human surgeries using more than 80 types of open and laparoscopic Laparoscopic A minimally-invasive surgical or diagnostic procedure that uses a flexible endoscope (laparoscope) to view and operate on structures in the abdomen. Mentioned in: Obstetrical Emergencies surgical procedures, demonstrating the technology is universal in its ability to repair soft biological tissue. These surgeries included lung, neuro-surgery, nasal septum, intestine, stomach, skin, gall bladder gall bladder, small pear-shaped sac that stores and concentrates bile. It is connected to the liver (which produces the bile) by the hepatic duct. When food containing fat reaches the small intestine, the hormone cholecystokinin is produced by cells in the intestinal , liver, spleen, blood vessels, nerves, alba linea, uterus, bladder, gynecological gynecological /gy·ne·co·log·i·cal/ (-kah-loj´i-k'l) gynecologic. , fallopian tube, ovary and testicles Testicles Also called testes or gonads, they are part of the male reproductive system, and are located beneath the penis in the scrotum. Mentioned in: Testicular Cancer, Testicular Surgery, Vasectomy and dura-matter. Cosmetic surgeries conducted with this technology include breast reduction, breast implants, mastopexy mastopexy /mas·to·pexy/ (mas´to-pek?se) surgical fixation of a pendulous breast. mas·to·pex·y n. Plastic surgery to correct sagging breasts. Also called mazopexy. and abdominal plasty. The procedure involves little or no scarring, while restoring the normal function of the body organ or tissue. The technology was invented and developed at the internationally renowned E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine, Kiev, Ukraine, headed by Professor B.E. Paton. U.S., Australian, Canadian and European Union patents have been issued, and additional U.S. and foreign patents are pending, all owned by LTC. About CSMG Technologies, Inc. CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG has three subsidiaries, Live Tissue Connect, Inc., CSMG Gastech, LLC and Anaerobic anaerobic /an·aer·o·bic/ (an?ah-ro´bik) 1. lacking molecular oxygen. 2. growing, living, or occurring in the absence of molecular oxygen; pertaining to an anaerobe. Farm Waste, Inc. For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.ctum.com. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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