Current Technology Secures Funding and $7.2 Million In Contracts Marketing the ETG Hair Treatment Device.VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 29, 1996--Current Technology is closing a private placement of C$1,218,750. It has secured exclusive national distributors from five countries who have signed contracts to market the ETG ETG Enter the Game (gaming chat network) ETG Expert Task Group ETG Enabling Technologies Group (Phillips Company) ETG Episode Treatment Groups (Symmetry Health Data Systems, Inc. hair treatment device. This could represent product sales of over US $7 million. Additional long-term revenues will be generated from Technology Use Fees. Three of the five countries have received health regulatory clearance, two are in progress. Current Technology has the worldwide license to market the patented ElectroTrichoGenesis (ETG) product. The manufacturing process is underway. Initial delivery of the ETGs is expected soon. Company president, Anne Kramer reports - "We are very encouraged by this financial investment. Our marketing plan is being well received by the international business community." The Company has formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. exclusive national distributor agreements with Mexico, Panama, Korea, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . In addition to Canada, health regulatory clearance has been obtained for Mexico, Australia and New Zealand. Clearance is pending for Panama and for Korea. These contracts could provide for a minimum total purchase of 378 ETGs with a sales value of approximately US $7 million. Letters of intent have been signed by prospective exclusive national distributors in a number of other countries. These letters of intent could represent further sales of more than 1,800 ETGS. This demonstrates the Company's ability to reach its world wide, sales target of 5000 units over the next five years. Current Technology is implementing its marketing plan which minimizes infrastructure costs and maximizes a long term revenue stream. The Company operates as the manufacturer and master distributor of the ETG device. Exclusive national distributors are being acquired and are responsible for marketing the device within their respective countries. Revenues will be generated through two sources: sales of the ETGs and Technology Use Fees. The ETG (ElectroTrichoGenesis) is a patented electrotherapeutic device proven to be a safe and effective treatment for common baldness. Clinical tests have reported that up to 96% of people experience cessation cessation Vox populi The stopping of a thing. See Smoking cessation. of hair loss or hair regrowth Re`growth´ n. 1. The act of regrowing; a second or new growth. The regrowth of limbs which had been cut off. - A. B. Buckley. . No unpleasant sensation during the treatment or untoward side effects Side effects Effects of a proposed project on other parts of the firm. have been reported with the use of the ETG. CONTACT: Jeff Murdock Jeff Murdock is a character in the Coupling TV Series, played by Richard Coyle in the first three series, and by Samantha Spiro in the series four episode "Nine And A Half Months", where he appeared in one of Steve's dream sequences as "Jeffina". , 800-661-4247 or 604-684-2727 |
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