Medical device market penetration

Back to Medical device market penetration
E-18 Corp. Undergoes Name Change to Protectus Medical Devices, Inc. and Ticker Change to PTMD

E-18 Corp. underwent a name change to Protectus Medical Devices, Inc. ("Protectus Medical Devices") and announced that its trading symbol as quoted on the OTC Bulletin Board will change from (OTCBB: ETEN) to (OTCBB: PTMD) effective today, Monday, October 26, 2009. Protectus Medical Devices’ common stock will trade under the new CUSIP No. 74369Y105.

The Company’s name change to Protectus Medical Devices and new ticker will be reflected in SEC filings and all future corporate communications with the investor community, including press releases and the company’s website: www.protectusmedical.com.

"In order to more accurately reflect our Company’s broad initiatives to develop our unique, self-sheathing hypodermic safety syringe and related products, we have changed our corporate name to Protectus Medical Devices and our symbol to PTMD," said Dr. John Salstrom, President and CEO. "We look forward to updating our loyal shareholders and prospective investors on Protectus’ exciting developments in the coming weeks and months."

Protectus Medical Devices is committed to the vision of significantly reducing or eliminating accidental needlestick injuries that have plagued the healthcare workplace for decades. The Company's lead product, the Protectus Medical Safety Syringe, is the only fully automatic, self-sheathing safety hypodermic syringe that currently meets all U.S. Federal Government and OSHA mandates designed to protect both healthcare workers and patients alike.

More information about Protectus Medical Devices, Inc. may be found at the Company's corporate website, as well as its investor relations portal: www.trilogy-capital.com/autoir/eten_autoir.html.

About Protectus Medical Devices, Inc. (formerly, E-18 Corp.)

Protectus Medical Devices, Inc. (formerly, E-18 Corp.), through its wholly owned subsidiary, SquareOne Medical, Inc., develops and markets innovative safety medical percutaneous devices that, collectively, have the potential to dramatically reduce needlestick injuries for medical professionals worldwide. In the nearly $5 billion global hypodermic syringe market, the Protectus Safety Syringe, the Company's lead product, is the only fully automatic, self-sheathing hypodermic safety syringe that currently meets the functional definition of "Self-Sheathing" mandated by the U.S. Federal Government. None of the manufacturers of other devices on the market can make this claim. Protectus Medical Devices has successfully patented its automatic, self-sheathing hypodermic safety syringe product, and, based on the results of full comparison clinical trials, the Protectus Safety Syringe (formerly the SquareOne Safety Syringe) has received the required 510(k) permission from the U.S. FDA to manufacture and market the device in the U.S. More information about the Company may be found at www.protectusmedical.com.

Forward-Looking Statements

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Protectus Medical Devices, Inc. (formerly, E-18 Corp.) can be found in the filings of Protectus Medical Devices, Inc. with the U.S. Securities and Exchange Commission.

(c) 2009 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
Back to Medical device market penetration
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki