SpineMark Corporation Closes $10 Million in Series A Offering.

SAN DIEGO -- SpineMark, a venture co-founded by TBI Holdings, Inc. and Management Technology Resources (MTR), a San Diego-based medical management consulting company, announced today that it has closed on the first $10 million of its Series A $15 million offering. The funding will be used to finance the development of a network of SpineMark Spine Centers of Excellence in the United States. Underwriters for the funding were Upstream Capital Partners, a broker-dealer located in Dallas.

"We are delighted to be able to announce this first funding commitment which comes just three weeks after the launch of this underwriting. The market's reception to our plan was very gratifying and we look forward to establishing our first SpineMark Spine Center of Excellence in 2006," said Marcy T. Rogers, co-founder of SpineMark and its President and CEO.

"Since 1994, we at MTR have monitored the rapid growth of demand for integrated spine care from patients, physician groups, facility companies and hospitals. Clearly we think the time is right for building centers of excellence that incorporate spine research and education with a wide range of surgical and non-surgical treatments. We are thrilled that the market embraces these needs and we are looking forward to meeting them with our innovative SpineMark Spine Centers of Excellence."

This initial $10 million in funding toward a $15 million goal will enable SpineMark to bring to patients and physicians uniquely effective models for centers of excellence in spine care and treatment across the nation.

Upstream Partners acknowledged their partial funding of SpineMark, only three weeks following the launch of this initial private equity offering.

"We knew the demand was there and the planning and development of the SpineMark offering matched the market correctly," said Tim Lavender, managing principal of Upstream. " We are delighted to partner with this excellent management team and are looking forward to a very successful launch of SpineMark."

According to Stephen H. Hochschuler, chairman of the board, SpineMark and TBI surgeon, "The amazingly quick response to the offering is an indication of the demand for Spine Centers of Excellence in America today. The combined effort of TBI and MTR has captured the attention of the investment community. It is now SpineMark's mission to execute on the large number of opportunities before us."

Given the increasing cost of spine care, the demand for spine care services from consumers, employers and third party payors, and growth of the market as evidenced by clinical and economic indicators, it is apparent that the market positioning for SpineMark is excellent. Spinal medical device companies are continuing to post huge profits from minimally invasive and complex spinal devices and biomaterials.

Consumer-driven health care is projected to experience booms as big as managed care twenty years ago. For example, subspecialty groups of providers are purchasing existing hospitals and facilities to become owners and operators of niche programs in spine and other specialty care areas. Boutique hospital chains, nonprofit, for profit hospital systems and university-based institutions are focused on spine centers of excellence as the next high profile integrated delivery system. Freestanding centers of excellence are being developed throughout the world to meet patient demand for specialty spine care.

MTR, the co-founder of the SpineMark business model and concept, was formed in 1996 as a medial consulting company specializing in working with physicians, facilities and medical device manufacturers in the fields of spine, neurosurgery, orthopedics and interventional pain.

Texas Back Institute (TBI) brings a proven clinical model as well as a successful track record in research having been actively involved in more than 50 spine research studies; through TBI's Contract Research organization, SpineMark can offer affiliated sites a proven design and implementation of national research studies.

For more information, please visit www.SpineMark.com.