Clearant Completes Successful Quarter with Record Number of Tissue Implants Distributed.Strong Surgeon Interest and Sales Momentum Mark First Full Quarter of Direct Sales Initiative LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Clearant, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLRI CLRI Central Leather Research Institute (India) ) today announced that a record 52 Clearant Sterile Implant[R] cervical spinal and soft tissue allografts allografts (al´ n.pl the transplantation of tissue between genetically nonidentical individuals of the same species. were distributed during the third quarter of 2006, the first complete quarter since the Company began making Clearant Sterile Implants available directly to surgeons and clinics. "Based on the positive response from our current and prospective customers, we expect the revenue from Clearant Sterile Implants to continue to increase in the fourth quarter of 2006," said Clearant Chief Executive Officer Alain Delongchamp. "Awareness and attention to sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). is becoming more widespread within the orthopedic surgeon community and we're seeing increasing demand for Clearant Sterile Implants." Demand for Clearant Sterile Implants continues to grow as evident by the recent groundswell ground·swell n. 1. A sudden gathering of force, as of public opinion: a groundswell of antiwar sentiment. 2. of interest from spinal surgeons that visited Clearant's exhibit booth at a national meeting of spinal surgeons held last week in Seattle, WA. Numerous spinal surgeons at the program expressed a high degree of interest in potentially converting their practices to the use of Clearant Sterile Implants. Mr. Delongchamp added, "We are very pleased with the positive response that Clearant has received from spinal surgeons with whom we met in Seattle and, more broadly, the surgeons and medical community." About Clearant, Inc. Clearant, Inc. is a leader in pathogen Pathogen Any agent capable of causing disease. The term pathogen is usually restricted to living agents, which include viruses, rickettsia, bacteria, fungi, yeasts, protozoa, helminths, and certain insect larval stages. inactivation inactivation /in·ac·ti·va·tion/ (in-ak?ti-va´shun) the destruction of biological activity, as of a virus, by the action of heat or other agent. for biological products. Clearant has developed the patent-protected Clearant Process, which substantially reduces all types of bacteria and viruses in biological products while maintaining the functionality of the underlying tissue implant or protein. The Company began to distribute directly to surgeons, hospitals and clinics Clearant Process sterile implants in June 2006; in addition, Clearant continues to license the Clearant Process and provides its patented sterilization services to tissue banks and other biological products manufacturers. As of the end of 1Q 2006, Clearant had 10 license and service agreements with tissue banks. To date more than 8,000 patients have been successfully implanted with Clearant Process sterile implants supplied by one of the Company's licensed partners. Whereas various competing sterilization methods only kill specific types of pathogens (such as bacteria or lipid-enveloped viruses) for specific products, the Clearant Process reduces all types of pathogens for products across many market segments including tissue implants, plasma proteins, recombinant products, medical devices and blood products. Also, the Clearant Process can be applied at various stages of product processing and/or manufacturing, including in the final packaging. For more information, please visit www.clearant.com. Forward-Looking Statements Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, in particular statements regarding surgeons strongly recommending the use of implants with tissue treated by the CLEARANT PROCESS, and the conclusions from a study by surgeons to build demand for sterilized ster·il·ize tr.v. ster·il·ized, ster·il·iz·ing, ster·il·iz·es 1. To make free from live bacteria or other microorganisms. 2. tissue. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control, which may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, results of additional clinical studies, acceptance and success of our direct distribution of allografts, efficacy of the technology, intense competition and substantial regulation in the biotechnology industry, and additional risks discussed in the company's filings with the SEC, available on the SEC web site http://www.sec.gov. |
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