Eye Dynamics, Inc. to Receive Business Strategy and Financing Assistance From Arcturus Capital.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--Feb. 12, 2002 Eye Dynamics (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EYDY), developer of the SafetyScope(TM) product designed for the `fitness-for-duty' screening of workers, announced today that it has executed an agreement for services with Arcturus Capital of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California. Arcturus Capital is an investment firm focused on the development, commercialization and financing of state-of-the-art technologies. Through its partnership with technology development company X-Laboratories, Arcturus Capital has the exclusive opportunity to finance operating companies addressing large commercial markets and based on technologies developed by top scientists from HRL HRL Hughes Research Laboratories HRL Harlingen, TX, USA (Airport Code) HRL Hunter River Lancers HRL Health Research Laboratory HRL Horizontal Reference Line HRL Home Run League (adult Wiffle ball league) Laboratories, The Jet Propulsion Laboratory “JPL” redirects here. For other uses, see JPL (disambiguation). Jet Propulsion Laboratory (JPL) is a NASA research center located in the cities of Pasadena and La Cañada Flintridge, near Los Angeles, California, USA. , and other state-of-the-art research facilities. To learn more about Arcturus Capital, visit their web site at www.arcturusvc.com. "Eye Dynamics is a special company that is poised to address an important and growing market," said Frank Tota, General Partner of Arcturus Capital. "With some help from our firm, I believe Eye Dynamics can make great things happen." The agreement between Eye Dynamics and Arcturus includes introductions to potential capital sources and formation of strategies regarding investors, mergers or sale of the Company with or to another entity. Arcturus will receive warrants for their services based on the terms and conditions of future financing. "We are excited about the interest being shown by Arcturus. We believe this adds credibility to Eye Dynamics' plan for the commercialization of SafetyScope(TM) and VIPER," said Charles Phillips Charles Phillips refers to:
About Eye Dynamics, Inc. Eye Dynamics is in the business of producing and marketing products and other services for the institutional, medical and government markets. SafetyScope(TM), the company's latest product, is designed for the `fitness-for-duty' screening of workers. SafetyScope(TM) is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement 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. . These signs can be caused not only by illegal drugs, but also reactions to prescribed or over-the-counter medications and/or physiological states like fatigue. To find out more about Eye Dynamics, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EYDY), visit our website at www.eyedynamics.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. for Forward-Looking Statements This news release may include forward-looking statements that are made pursuant to the "safe harbor" 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. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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