DaVinci-Franklin Fund I, Led by Chairman Robert A. Maheu, Announces Initial Seed Round Equity Investment in Medsonix, Inc.LAS VEGAS -- Investment Drives Growth Of Innovative Therapeutic Technology Company; Provides Insight Into Future of Non-Invasive Pain Management Therapy; Reinforces VC Commitment to Las Vegas DaVinci-Franklin Fund I, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . ("DaVinci") today announced completion of an initial seed round equity investment in Medsonix, Inc., a Nevada Corporation, ("Medsonix"). Proceeds will be used to fund Medsonix's growth plans and initial marketing programs. Medsonix, headquartered in Las Vegas, has developed a state of the art technology for non-invasive, therapeutic pain relief method titled the Medsonix Therapy System. This patented technology utilizes a low frequency sound wave generated by an electro-acoustical transducer transducer, device that accepts an input of energy in one form and produces an output of energy in some other form, with a known, fixed relationship between the input and output. , also referred as the Cassone cassone (käs-sô`nā), the Italian term for chest or coffer, usually a bridal or dower chest, highly ornate and given prominence in the home. transducer, which emits an acoustic energy field on the "whole body" simultaneously. This technology is not to be confused with ultrasound therapies or procedures. This technology introduces a range of patented frequencies that Medsonix controls through an innovative computer and power source system. A therapy session consists of clients simply sitting comfortably in a chair for 25 minutes in their street clothes, listening to music, reading a book or simply relaxing. Robert Maheu, chairman of DaVinci, stated, "There is nothing more important in life than family and health. Medsonix's system is amazing and provides remarkable results for numerous aches and pains and circulatory problems." The Medsonix Therapy System, developed by Alphonse Cassone, has received a patent as a medical method from the U.S. Patent Office, is registered as a Class I medical device by the 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. and has completed two successful University studies on its unique treatment for various diseases. A copy of the published study is available at www.medsonix.com. "We are extremely honored to be affiliated with such a high-quality firm," said Alphonse Cassone, Chief Executive Officer of Medsonix. "Mr. Maheu's illustrious background combined with DaVinci's significant experience in working with start-up and early stage growth companies really set them apart from other venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] ." Medsonix has signed Television Host and former news anchor John Daly (www.johndaly.tv) as the company's spokesperson. "John is the innovative, credible person that can help us promote this cutting edge technology," says Mr. Cassone. "We are fortunate to have John as he is well-known and respected not only here in the Las Vegas Valley, but also around the country." "I'm astonished a·ston·ish tr.v. as·ton·ished, as·ton·ish·ing, as·ton·ish·es To fill with sudden wonder or amazement. See Synonyms at surprise. at what Medsonix and the technology has done for people. Even in my personal experience, I had a knot in my back from golf and working out and within a few hours of my Medsonix treatment, it was totally gone," Daly says. "We can help those with minor aches and pains and circulatory problems with this patented therapeutic procedure." According to a nationwide government survey, 36 percent of U.S. adults aged 18 years and over use some form of complementary and alternative medicine The term complementary and alternative medicine (CAM) is an umbrella term for alternative medicine and complementary medicine. Alternative medicine describes practices used in place of conventional medical treatments. (CAM). CAM is defined as a group of diverse medical and health care systems, practices, and products that are not presently considered to be part of conventional medicine. Integrative medicine integrative medicine combines conventional medicine with complementary and alternative therapies. integrative medicine The 'new medicine' A term for the incorporation of alternative therapies into mainstream medical practice. , as defined by NCCAM NCCAM National Center for Complementary and Alternative Medicine (NIH) NCCAM National Colorectal Cancer Awareness Month (March) , combines mainstream medical therapies and CAM therapies for which there is some high-quality scientific evidence of safety and effectiveness. "Our philosophy is to market the newly patented Medsonix Therapy System in the Complementary/Alternative Therapy industries. The technology will be available through corporately owned Medsonix facilities and Franchise and Stand-alone units. Each product shall be priced to appeal to both the Complementary and Alternative markets as well as the managed-care industry," stated Bruce Benson, vice president of marketing for Medsonix. "We are extremely excited about our investment in Medsonix due to its extraordinary growth prospects, health benefits of its technology and its commitment to providing non-invasive therapy at reasonable prices to the masses," said Anthony DeMint, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of DaVinci. "Our decision to fund Medsonix was relatively easy, their growth potential is immeasurable, their technology has a wide and adaptable market focus and its first facility is already in operation. Further, as a Las Vegas-based company we are continuing our commitment towards fostering small business growth and development in the Las Vegas area." DaVinci was also vital in introducing Medsonix to Stoecklein Law Group, a law firm specializing in federal securities matters, which will assist Medsonix in structuring follow-on rounds of financing with an ultimate goal of going public by the end of 2005. "Our practice is solely focused on assisting small to mid-cap companies through the going public process. With DaVinci's investment, Medsonix is on a fast track towards completing its goal," stated Don Stoecklein, principal of the firm. About DaVinci-Franklin Fund I, LLC (DaVinci) DaVinci is a private equity firm providing capital to start-up and development stage companies with strong growth potential, reliable management teams and the desire to be a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . DaVinci's primary goal is to make investments in a broad range of growth industries, without a specific emphasis on any one sector. Based in Las Vegas, DaVinci focuses on structuring its portfolio companies for a public exit within 12-18 months and fostering small business growth in the Las Vegas market. About Robert A. Maheu Maheu is probably most famous for his role with Howard R. Hughes. Maheu served as the alter ego A doctrine used by the courts to ignore the corporate status of a group of stockholders, officers, and directors of a corporation in reference to their limited liability so that they may be held personally liable for their actions when they have acted fraudulently or unjustly or when to Hughes. Maheu negotiated for the purchase of many Nevada properties on behalf of Hughes and the Hughes Tool Co. As a consequence, seven hotel/casinos, one airport and millions of dollars of raw land were acquired. In each case, Maheu became the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Additionally, he was responsible for the acquisition of an airline. He also represented the Hughes' interests before local, county, state and national regulatory bodies for many years. At an earlier time in his life, Maheu served as supervisor of the administrative section of the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. Office and special assistant to Assistant Director E.J. Connelly, who was in charge of major cases for the entire Federal Bureau of Investigation. About Medsonix Currently, Medsonix has one location in Las Vegas, located at 2626 South Rainbow Blvd. The company is looking to open additional locations across the country using its unique patented therapeutic process to help increase circulation and reduce pain. About Stoecklein Law Group The Stoecklein Law Group (SLG See stereo lithography. ), of San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , is dedicated to providing corporate and securities legal services legal services n. the work performed by a lawyer for a client. to emerging growth companies. SLG specializes in assisting companies going public, mergers and acquisitions, corporate structuring, initial public offerings, direct public offerings and maintaining reporting requirements with appropriate governing agencies. About John Daly Daly is internationally known as the host of Real TV, the first all video magazine show, distributed by Paramount Domestic Television, and now airing daily on Spike TV. Before Real TV, Daly was the lead anchor and managing editor at KTNV-TV 13 from 1990 to 1996. He has lived in Las Vegas since 1990. |
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