MediCor's Eurosilicone Subsidiary's Breast Implants Approved for Sale in Australia; Company Chosen Number One in the PACA Region of France.LAS VEGAS -- MediCor Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MDCR MDCR Michigan Department of Civil Rights MDCR Minimum Desired Cell Rate MDCR Miller-Dieker Syndrome Chromosome Region MDCR Mountain Dew: Code Red (soft drink) MDCR Minimum Detectable Count Rate (health physics) ), a global integrator of medical device companies and the world's third largest manufacturer of breast implants Breast Implants Definition Breast implantation is a surgical procedure for enlarging the breast. Breast-shaped sacks made of a silicone outer shell and filled with silicone gel or saline (salt water), called implants, are used. , announced today its wholly-owned subsidiary Laboratoires Eurosilicone, S.A. ("Eurosilicone") has been granted authorization to market its Cristalline Paragel breast implant breast implant, saline- or silicone-filled prosthesis used after mastectomy as a part of the breast reconstruction process or used cosmetically to augment small breasts. products in Australia. The Australian Government's Therapeutic Goods Administration The Therapeutic Goods Administration or TGA is the regulatory body for therapeutic goods (including medicines, medical devices, gene technology, and blood products) in Australia. ("TGA See TARGA. TGA - Targa Graphics Adaptor ") approval of the Cristalline Paragel breast implant product line is the result of a two-year collaborative effort led by the Tourniaire family between the TGA, Eurosilicone, and its Australian distribution partner, Technology For Life Pty. Ltd., Australia's largest distributor of aesthetic, plastic and reconstructive surgical devices. "The highly anticipated approval of the Cristalline Paragel product line is being well received by the aesthetic plastic and reconstructive surgery reconstructive surgery n. Plastic surgery. reconstructive surgery, n surgery to rebuild a structure for functional or esthetic reasons. community in Australia," according to David G. Barella, MediCor Executive Vice President of International Marketing and Sales, who added, "Approximately 85% of all implants sold in Australia are textured round implants, and the Cristalline Paragel offers surgeons and patients an array of significant product improvements over other currently available textured round implants. The entry into the Australian market is another of the numerous steps MediCor has underway to become the preeminent company in the worldwide breast implant market." In a separate, but related announcement, Eurosilicone has been awarded the distinction of being the number one company in the PACA region (Provence - Alpes - Cotes d'Azur) of France. The prestigious award is the result of a collaborative effort between COFACE Coface The French Export Credit Agency. , a public organization associated with the French Government, FIGARO, a major French newspaper, and France Bleu radio, all of whom collectively worked to analyze and review hundreds of companies in the region. Eurosilicone was chosen for its exemplary performance based upon a comprehensive list of evaluation criteria, including sales growth, profitability, its percentage of exports and employee hiring rates. Francois Tourniaire, Eurosilicone's President Directuer Generale, graciously accepted the award on behalf of the company's 190 employees and strategic partners, and stated, "Our employees and distribution partners earned this award through their unwavering commitment to the highest levels of quality and customer satisfaction." MediCor also announced today that Patrick O'Leary, Ph.D. has accepted to the position of Director Generale Delegue for Eurosilicone. Dr. O'Leary has more than 25 years senior management experience in the medical device sector, including having served as President of Eurosilicone's main competitor, Inamed-Europe and its subsidiary, McGhan Ltd. O'Leary is considered an industry leader and has a significant background in building and operating U.S. Food and Drug Administration ("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. ") approved medical device manufacturing facilities, both domestically and abroad. About Eurosilicone Eurosilicone, a wholly-owned subsidiary of MediCor Ltd., develops, manufactures and markets a full range of breast implants for the aesthetic, plastic and reconstructive surgery markets, including silicone gel and inflatable saline-filled breast implants, with both round and anatomical shapes, and smooth or unique micro-textured surfaces. Eurosilicone also markets a line of external breast prostheses under the Maxima brand sold by its Europrotex division, available in six different shapes and a wide range of sizes. Eurosilicone also manufactures and markets a range of other silicone implants, including tissue expanders, testicular testicular /tes·tic·u·lar/ (tes-tik´u-lar) pertaining to a testis. tes·tic·u·lar adj. Of or relating to a testicle or testis. testicular pertaining to the testis. implants, gluteus glu·te·us n. pl. glu·te·i Any of the three large muscles of each buttock, especially the gluteus maximus, that extend, abduct, and rotate the thigh. implants, calf implants, nasal implants, malar malar /ma·lar/ (ma´lar) 1. buccal; pertaining to the cheek. 2. zygomatic. ma·lar adj. Of or relating to the cheekbone or the cheek. n. The cheekbone. implants and chin implants. About MediCor MediCor acquires, develops, manufactures and markets products for medical specialties in aesthetic, plastic and reconstructive surgery and dermatology markets. Its products are sold worldwide to hospitals, surgery centers and physicians through a combination of distributors and direct sales personnel. MediCor's strategy is to be the leading integrator of selected international medical device markets, technologies and corporations. MediCor intends to accomplish this growth through the expansion of existing product lines, as well as the acquisition of companies and other assets, including intellectual property rights or distribution rights. Forward Looking Statements This release may contain 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 statements are based upon the current beliefs and expectations of MediCor's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause MediCor's results to differ materially from those described in the forward-looking statements can be found in the 2003 Annual Report on Form 10-KSB, and subsequent Quarterly Reports on Form 10-QSB of MediCor filed with the Securities and Exchange Commission and available at the Securities and Exchange commission's Internet site (http://www.sec.gov). |
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