Coronado Industries Secures Financing for Second Glaucoma Clinic.FOUNTAIN HILLS, Ariz.--(BW HealthWire)--June 9, 1998--Coronado Industries Inc. Tuesday announced that it has secured financing for its second 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). clinic to operate under its wholly owned subsidiary 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 Inc. Coronado secured this financing with Fox & Co., which has raised $550,000 in new capital to fund the second clinic to be based in Florida. "This funding allows us to finance and operate our clinic planned for the Clearwater area," stated Richard Smith Richard Smith is the name of:
"We will announce the details of this clinic once this new infusion of capital is closed," Smith further stated. The company expects the release of these committed funds to take place today. Previously, Coronado Industries had announced that their first clinic, The Arizona Glaucoma Institute, had obtained a break-even status in April, only eight months after it was opened. Smith stated that, "We believe that we have now successfully created a model, based on our results with the first clinic, that can be duplicated in strategic demographic locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ." For more information, contact Coronado Industries at 602/837-6810 or visit the company's website at http://www.coronadoindustries.com. "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 under 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: The statements contained in this release which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. CONTACT: Coronado Industries Inc., Fountain Hills G. Richard Smith, 602/837-6810 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion