EchoCath Retains Gargiulo as Strategic Advisor.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--April 30, 2001 EchoCath Inc. announced today that it has retained G. Gargiulo & Co, Inc. as its exclusive advisor to examine strategic alternatives in order to maximize shareholder value. These alternatives may include the sale of the Company, a sale of significant assets of the Company, and/or a material investment in the Company by a strategic partner. G. Gargiulo & Co, Inc. is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in in the state of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . EchoCath Inc., a New Jersey corporation headquartered in Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. , trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the ticker symbol of ECHTA. EchoCath Inc. has developed the EchoFlow(TM), a proprietary technology to measure blood flow. Two EchoFlow(TM)instruments have been cleared for commercial release by the U.S. Food and Drug Administration. Certain statements herein constitute "forward-looking statements" within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: limited commercial operations; no assurances of success; need for additional financing; uncertainty of market acceptance; failure to receive or delays in receiving regulatory approval; lack of a distribution channel for the Company's products; and limitations on third party reimbursement. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. |
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