Contour Medical, Inc. announces $2 million private placement.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 21, 1995--Contour Medical, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CMII) today announced it has closed a $2 million private placement consisting of common stock and common stock purchase warrants. "We are now very well capitalized and in a good position to move forward in fiscal 1995 with some of our growth plans," said Gerald J. Flanagan, president. Flanagan added that the proceeds will be used to purchase a product sterilizer sterilizer /ster·i·liz·er/ (ster´i-liz?er) an apparatus for the destruction of microorganisms. ster·il·iz·er n. An apparatus for rendering objects aseptic. , increase inventory, and augment working capital. Contour Medical, which operates facilities in St. Petersburg and Grand Blanc, Michigan Grand Blanc is a suburb of Flint in Genesee County in the U.S. state of Michigan. The population was 8,242 at the 2000 census. The city is situated within Grand Blanc Charter Township, but is politically independent. , manufactures a full line of orthopedic and rehabilitative products. The company also distributes a full line of disposable medical products for use in the nursing home and home health care industries. CONTACT: Contour Medical, Inc. Connie Brogdon (Investor Relations Investor relations The process by which the corporation communicates with its investors. ), 404/255-7500 |
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