Caprius Secures $3.2 Million Line of Credit; Financing Supports Expanded Distribution of the Aurora Breast Imaging System: 20 Agreements Expected by End of 1999.WILMINGTON, Mass.--(BUSINESS WIRE)--April 7, 1998--Caprius, Inc. (Nasdaq: CAPR CAPR Colegio de Abogados de Puerto Rico (Spanish) CAPR Civil Air Patrol Regulation CAPR Computer Assisted Pipeline Review CAPR Capability Requirement CAPR Capability Request ) today announced it has secured equipment credit lines for up to $3.2 million. Caprius may draw from the credit lines to fund current and future Aurora(R) installations including funding for Faulkner-Sagoff Breast Imaging and Diagnostic Centre, University of Arkansas for Medical Sciences The University of Arkansas for Medical Sciences (UAMS) is part of the University of Arkansas System, a state-run university in the U.S. state of Arkansas. The main campus is located in Little Rock. , Magee-Womens Hospital, and Englewood Hospital and Medical Center Englewood Hospital and Medical Center is an "acute care teaching hospital affiliated with the prestigious Mount Sinai School of Medicine" in Englewood, New Jersey, United States.[https://www.hdx.com/CustomersSay/engle. . The Company continues to negotiate with other institutions for additional lines of credit. The financing will be used to advance Caprius' strategic plan to secure 20 installations by the end of 1999 for its Aurora system, the only FDA-cleared, MRI-based dedicated breast imaging system in the United States. To date, the Aurora has been selected for installation at five sites in the U.S., including the Faulkner-Sagoff Breast Imaging and Diagnostic Centre in Boston, Massachusetts. Commenting on the new relationships, Jack Nelson, Caprius' Chairman of the Board, said: "This financing agreement is a strong signal to the financial community that there is confidence in the commercial application of the Aurora system in breast care. Furthermore, these agreements enable Caprius to continue to open revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. sites and company-owned centers across the U.S. for the Aurora system, a strategy which is core to our overall business model." Caprius, Inc. is dedicated to the development and commercialization of the Aurora system. To date, the Aurora has been selected for installation at the following sites: the Faulkner-Sagoff Breast Imaging System and Diagnostic Centre in Boston, Massachusetts; the University of Texas Medical Branch "UTMB" redirects here. For other system schools, see University of Texas System. The University of Texas Medical Branch (UTMB) is a component of the University of Texas System located in Galveston, Texas, about 50 miles (80 km) southeast of downtown Houston. in Galveston, Texas; the University of Arkansas for Medical Sciences in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry ; Englewood Hospital and Medical Center in Englewood, New Jersey Englewood is a city located in Bergen County, New Jersey. As of the 2000 census, the city had a total population of 26,203. Englewood was incorporated as a city by an Act of the New Jersey Legislature on March 17, 1899, from portions of Ridgefield Township and the remaining ; and Magee-Womens Hospital in Pittsburgh, Pennsylvania. CONTACT: Caprius, Inc. Beverly Tkaczenko, 800/476-0569 or Ruder Finn Renee Martin, 212/593-5859 |
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