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MIV Therapeutics Announces First Ever Revenues from Cardiovascular Products Approved for European and Other Markets.


Sales of Recently Acquired CE-Marked Devices Initiate Commercialization of Broad and Expanding Product Portfolio

ATLANTA -- MIV MIV Motorisierter Individualverkehr (German: Motorized Individual Traffic)
MIV Master Internet Volunteer (University of Minnesota Extension Service)
MIV Multimedia, Internet & Video
 Therapeutics Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:MIVT MIVT Mechanism, Injuries, Vital Signs, Treatment (trauma reporting) ) (FWB (Fixed Wireless Broadband) See fixed wireless. :MIV), a leading developer of next-generation biocompatible biocompatible /bio·com·pat·i·ble/ (-kom-pat´i-b'l) being harmonious with life; not having toxic or injurious effects on biological function.  coatings and advanced drug delivery systems for cardiovascular stents and other implantable medical devices, has announced that the Company has begun to generate revenues from recently acquired Biosync Scientific's eight CE-marked cardiovascular stents and related products targeting several multibillion dollar markets, including Europe, Asia and India.

This financial milestone validates MIVT's mission to become a leading interventional cardiology company focused on delivering a broad suite of advanced cardiovascular stents and related products to patients, physicians and hospitals around the world.

"We are very pleased to announce that MIVT is generating revenues for the first time in our Company's history," said Mark Landy, President of MIV Therapeutics. "This is a very exciting time for MIVT as we move forward with our mission to commercialize a broad suite of products to the worldwide medical community. We believe that these initial revenues, while small, will continue to grow and add significant value for our shareholders. This is a strong signal that we are executing on the business plan we presented to investors when we announced the Biosync acquisition."

Among the products already generating revenues for MIVT is the GenX CrCo thin-strut coronary stent system, which was recently combined with MIVT's biocompatible stent coatings in a milestone bench test showing that together, the technologies pass critical 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.
 fatigue test guidelines. The bench test further validated the Company's recent acquisition of Biosync Scientific.

Other products recently acquired by MIVT include the GenX stainless steel coronary stent system, the X-ACT X-ACT XML Active Content Technologies Council  Inflation Device, a haemostatic Haem`o`stat´ic   

a. 1. Same as Hemostatic.
hemostatic, haemostatic
a styptic agent or substance. — hemostatic, haemostatic, adj.
See also: Blood and Blood Vessels
 y-connector adaptor kit, an insertion tool, a guide wire torquer and a high-pressure 3-way stopcock stopcock

a valve that regulates the flow of fluid through a tube.
.

MIVT and Biosync will continue to roll out these products over the next quarter, under a strategic plan that will deliver them to a number of countries in Asia, Europe, Latin America and elsewhere.

The products also allow MIVT to accelerate the development of its brand and distributor relationships around the world as the Company prepares for the commercialization of its broad range of hydroxyapatite hydroxyapatite /hy·droxy·ap·a·tite/ (-ap´ah-tit) an inorganic calcium-containing constituent of bone matrix and teeth, imparting rigidity to these structures.  (HAp) coated stents, polymer-free drug-eluting stents, and other interventional cardiology products.

About MIV Therapeutics Inc.

MIV Therapeutics is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting applications on cardiovascular stents and a broad range of other implantable medical devices. The Company's ultra-thin coating formulation is designed to protect surrounding tissue from potentially harmful interactions with bare metallic stents. The Company's unique ultra-thin coating platform is derived from an organic material called hydroxyapatite (HAp) which has demonstrated excellent safety and biocompatibility biocompatibility

the quality of not having toxic or injurious effects on biological systems.

biocompatibility 1. The extent to which a foreign, usually implanted, material elicits an immune or other response in a recipient 2.
 in vivo animal studies. Hydroxyapatite is a bioactive porous material that makes up the bone mineral and matrix of teeth and is widely used today as a bone substitute material and for coatings on implantable fixation devices in orthopedic, dental and other applications. The Company's novel polymer-free drug eluting technologies based on Hydroxyapatite could also provide an attractive alternative to current polymer-based drug eluting coatings on the stent market, which have been associated with undesirable medical effects. The Company's drug-eluting coatings are additionally designed to suit a broad range of implantable medical devices that could benefit from highly customizable drug release profiles. MIVT has a Collaborative Research Agreement (CRA See Community Reinvestment Act. ) with the University of British Columbia Locations
Vancouver
The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7.
 and has received a Government grant for its research program on the "Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents," under the National Research Council-Industrial Research Assistance Program (NRC-IRAP NRC-IRAP National Research Council - Industrial Research Assistance Program ). Under this sponsorship, the Company is expected to complete its drug-eluting research and development program and to reach product commercialization stage.

For more information, please visit http://www.trilogy-capital.com/autoir/mivt_autoir.html. To read or download MIV Therapeutics' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/mivt/factsheet.html. To obtain daily and historical Company stock quote data, and recent Company news releases, visit http://www.trilogy-capital.com/tcp/html/mivt.htm. MIVT is traded on the Frankfurt, Germany, stock exchange under the symbol MIV.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "proposed", "expected", "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "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. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties including, without limitation, the potential for the unsuccessful closing by the Company of its Vascore acquisition, together with the raising of funding sufficient to continue with its operations and those contemplated by the Company as a consequence thereof, and the ability of the Company to raise sufficient funding and to continue to develop its various business interests as presently contemplated. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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Publication:Business Wire
Article Type:Financial report
Date:Apr 17, 2007
Words:854
Previous Article:QAD Inc. Conference Call for Fiscal 2008 First Quarter, Thursday, May 17, at 2:00 p.m. PDT (5:00 p.m. EDT).
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