CORPUS CHRISTI, Texas, March 1, 2006 (PRIMEZONE) -- CSMG Technologies, Inc. (OTCBB:CTUM) announced today that Dr. Rostislov Valikhnovsky of the Valikhnovsky Surgical Clinic in Kiev, Ukraine (http://www.vrl.com.ua), has begun cosmetic surgery procedures using the company's platform live biological tissue welding/bonding technology.
To date, Dr. Valikhnovsky has performed 35 cosmetic surgeries for breast reduction, breast implants, mastopexy and abdominal plasty.
Dr. Valikhnovsky said, "The surgery time is reduced by half, and healing time is twice as fast using the tissue welding technology. There have been no hematoma or seroma, and the technology provides a leak-proof seal. There have been no patient complications during or after any surgery to date."
The Valikhnovsky Surgical Clinic's patients include actors, actresses, movie stars, recording stars and some of society's most elite citizens from Ukraine, Russia, Canada and the United States.
Donald S. Robbins, President and CEO of CSMG, said, "We are pleased to have entered into cosmetic surgery area and to be working with Dr. Valikhnovsky. The cosmetic surgery market adds value to our technology and holds great promise. We are happy to include cosmetic surgery to our long list of surgical procedures."
CSMG owns the technology and exclusive world rights to the medical device through Live Tissue Connect, Inc., a subsidiary corporation formed for the development and exploitation of the platform technology.
The tissue welding/bonding technology for repair and reconnection of tissue and hollow organs is smokeless, with little heat migration in the tissue, results in no necrosis and is without the use of foreign matter or conventional wound-closing devices, such as of staples, sutures, glues or sealant. The procedures are almost bloodless. Unlike other tissue coagulation methods that tend to destroy tissue by charring, searing and necrosis, the CSMG-patented technology bonds and reconnects incised tissue using a patented low-heat delivery method aimed at restoring the normal functions of the live organs and tissue. The technology leaves little or no scar visible to the naked eye.
About CSMG Technologies' Tissue Welding/Bonding Technology
Surgeons at 10 Ukraine hospitals and clinics are using the tissue welding/bonding technology in clinical trials, have completed more than 5,000 human surgeries using almost 70 types of open and laparoscopic surgical procedures and demonstrated that the technology is universal in its ability to repair soft biological tissue. These surgeries included lung, neuro-surgery, nasal septum, intestine, stomach, skin, gall bladder, liver, spleen, blood vessels, nerves, alba linea, uterus, bladder, gynecology, fallopian tube, ovary and testicles, dura-matter, with little or no scarring, while restoring the normal function of the body organ or tissue.
The technology was invented and developed at the internationally renowned E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine at Kiev, Ukraine, headed by Professor B.E. Paton. United States and Australia patents have been issued with other U.S. and foreign patents pending.
About CSMG Technologies
CSMG Technologies maintains offices in Corpus Christi, Texas; Washington D.C.; Atlanta, Ga.; and Kiev, Ukraine. For CSMG's stock quotes, visit www.otcbb.com. For more information, visit www.ctum.com, e-mail publicrelations@ctum.com, or contact Don Robbins at (361) 887-7546.
Additional information about CSMG can be found at www.ctum.com or e-mail publicrelations@ctum.com. An online investor kit containing CSMG press releases, SEC filings, current Level II price quotes, interactive Java, stock charts and other useful information for investors can be found at www.hawkassociates.com/csmg and www.hawkassociates.com/csmg/kit.htm.
Investors may contact Don Robbins or K. Bruce Jones, CSMG, at (361) 887-7546, e-mail: publicrelations@ctum.com, or Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com.
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