Coronado Industries Announces Partnership With Chinese Distribution Company; Chinese To Organize Medical Seminar for PNT Device.FOUNTAIN HILLS, Ariz.--(BW HealthWire)--Oct. 7, 1999-- Coronado Industries Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CDIK) (www.coronadoindustries.com) announced today it has entered into negotiations with Everblooming ev·er·bloom·ing adj. Blooming throughout the growing season. Enterprises Company of Philadelphia Penn., to provide international marketing and distribution for Coronado's Pneumatic Trabeculoplasty (PNT PNT Point PNT Paint (MacPaint graphic file format) PNT Patient PNT Pentagon (Washington, DC; US DoD) PNT Positioning, Navigation and Timing PNT Prime Number Theorem PNT Phenytoin (TM)). Recently, Coronado was approached by Everblooming Enterprises to discuss a joint venture to distribute PNT(TM) devices throughout Everblooming Enterprises vast Asian distribution network, which includes five offices in the Peoples Republic of China (PRC), and one office in Hong Kong. Everblooming Enterprises currently has working relationships with fifty-five hospitals in and throughout China. Dr. Li, president of Everblooming Enterprises is presently in China arranging for a reception and medical seminar with a group of Chinese doctors and health professionals. In an effort to illustrate the importance of this relationship, Dr Li has offered to sponsor the travels of Dr. Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Bores, medical director of Coronado Industries, to China to demonstrate the effectiveness of the PNT(TM) device, and introduce the technology into the ChineSE medical community. "Dr. Li is a highly respected individual and Everblooming Enterprises is a very large and well positioned international medical distributor in China and we feel our relationship with the company will allow us to expand our reach into a market that has tremendous opportunity. We are also pleased with the recent attention our technology is getting overseas, this could provide the perfect environment for us to achieve our international goals, which are to penetrate the Asian markets, establish long term strategic partnerships and generating substantial top line revenue growth." said Gary Smith, president Coronado Industries. According to a study by Johns Hopkins University School of Medicine The Johns Hopkins University School of Medicine, located in Baltimore, Maryland, USA, is a highly regarded medical school and biomedical research institute in the United States. , by the year 2000 the total population suffering from open angle glaucoma glaucoma (glôkō`mə), ocular disorder characterized by pressure within the eyeball caused by an excessive amount of aqueous humor (the fluid substance filling the eyeball). in South Asia will reach 4.2 million. Glaucoma is the second leading cause of blindness. People over 40 are particularly at risk. Approximately 150 million people worldwide suffer from some type of glaucoma and by the year 2010 it is predicted nearly 210 million people worldwide will be affected by this disease. 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. Statement The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Coronado Industries, through its two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. American Glaucoma and Ophthalmic International, manufactures devices to treat forms of glaucoma and offers glaucoma diagnosis and treatment under an I.D.E Study (Investigational Device Exemption An Investigational Device Exemption (IDE) allows the investigational device to be used in a clinical study in order to collect safety and effectiveness data required to support a Premarket Approval (PMA) application or a Premarket Notification [510(k)] submission to Food and ). Pending 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. approval, Coronado will license its patented treatment procedure and equipment in the United States. Coronado's Pneumatic Trabeculoplasty (PNT(TM)) procedure uses a non-invasivE, patented, low-cost pneumatic device that has proven to be an effective and safe treatment option for glaucoma. In December 1998, Coronado was granted a CE Mark from the European Commission, which serves as a "passport" to allow a manufacturer to freely sell its products within the European Marketplace. |
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