Health & Fitness
Health and Fitness
Health and Fitness
Sun, June 7, 2009Fri, June 5, 2009Thu, June 4, 2009Wed, June 3, 2009Tue, June 2, 2009Mon, June 1, 2009Sat, May 30, 2009Fri, May 29, 2009Thu, May 28, 2009Wed, May 27, 2009Tue, May 26, 2009Mon, May 25, 2009Fri, May 22, 2009Thu, May 21, 2009Wed, May 20, 2009Tue, May 19, 2009Mon, May 18, 2009Fri, May 15, 2009Thu, May 14, 2009Wed, May 13, 2009Tue, May 12, 2009Mon, May 11, 2009Fri, May 8, 2009Thu, May 7, 2009Thu, April 16, 2009Wed, April 15, 2009Tue, April 14, 2009Mon, April 13, 2009Fri, April 10, 2009Thu, April 9, 2009Wed, April 8, 2009Tue, April 7, 2009Mon, April 6, 2009Fri, April 3, 2009Thu, April 2, 2009Wed, April 1, 2009Tue, March 31, 2009Mon, March 30, 2009Fri, March 27, 2009Thu, March 26, 2009Wed, March 25, 2009Tue, March 24, 2009Mon, March 23, 2009Fri, March 20, 2009Thu, March 19, 2009Wed, March 18, 2009Tue, March 17, 2009Mon, March 16, 2009Sun, March 15, 2009Fri, March 13, 2009Thu, March 12, 2009Wed, March 11, 2009Tue, March 10, 2009Mon, March 9, 2009Fri, March 6, 2009Thu, March 5, 2009Wed, March 4, 2009Tue, March 3, 2009Paradigm Medical Industries Inc.: Paradigm Medical Industries Signs LOI for Up to $1.8 Million in Structured Financing
Published in Health and Fitness on Tuesday, April 14th 2009 at 7:10 GMT, Last Modified on 2009-04-14 07:11:33 by Market Wire
SALT LAKE CITY, UT--(Marketwire - April 14, 2009) - Paradigm Medical Industries, Inc. (
Final details and contract for the financing are ongoing and expect to sign an agreement within the next ten days. Paradigm Medical will utilize the capital from the funding to re-launch and re-brand the Company in the global and domestic markets. Proceeds will be used for the development, redesign and upgrade to a number of their key products and to hire new key management and a sales team to help lead these efforts.
Fairhills Capital is a private equity firm that invests capital into companies in the emerging markets. The firm pursues investment opportunities in small-cap companies that have a strong management team and the ability to implement their business plan. Fairhills Capital has invested in over 50 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and medical sectors.
"The financing with Fairhills Capital is a major milestone for the Company," said Paradigm Medical's President, Stephen Davis. "With our new executive leadership, Paradigm is revitalized with a fresh, new sense of optimism and growth. We look forward to regaining the confidence of our shareholders as well as enhancing shareholder value."
About Paradigm Medical Industries, Inc.
Headquartered in Salt Lake City, UT, Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States, as well as internationally.
For more information, please visit: [ www.paradigm-medical.com ]
This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.
