Coronado Industries Announces Postponement of Trials in Italy.Business Editors & Health/Medical Writers FOUNTAIN HILLS, Ariz.--(BUSINESS WIRE)--Feb. 5, 2001 Coronado Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CDIK), a manufacturer of proprietary pneumatic devices for the effective treatment of 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). , announced that the Company was notified today that Medical Director 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' trip to Rome has been temporarily delayed pending completion of paperwork required by the Italian government. Dr. Bores will travel to Kenya as previously planned, staying in the country from February 12th through the 22nd, during which time he will perform the 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 procedure on twenty to thirty patients suffering from glaucoma. Upon completion of the study, Dr. Bores will meet with Kenyan President, Daniel Toroitich arap Moi, to discuss the inclusion of Coronado's treatment system in Kenya's National Health System. Coronado Industries, through its wholly-owned subsidiaries American Glaucoma and Ophthalmic International, focuses on the development and testing of a patented procedure, Pneumatic Trabeculoplasty (PNT(TM)), a non-invasive, highly effective, and low-cost alternative to traditional treatments. Currently, the Company is allowed to market its pneumatic suction device and treatment throughout the European marketplace under a CE Mark (allowing manufacturers to freely sell their products) from the European Commission. 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, the Company will license its patented treatment procedure and equipment in the United States. For additional information, see www.coronadoindustries.com or www.otcfn.com/cdik/4pg.html Forward-looking statements in this release are 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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