CEDARHURST, N.Y., Jan. 12, 2007 (PRIME NEWSWIRE) -- As previously reported in July of 2006, Consumers Financial Corporation (Pink Sheets:CFCJ) and Knowledge Market, Inc. entered into a mutual agreement whereby Knowledge Market, Inc. identifies R&D projects from MIT, Harvard, Lawrence Livermore National Laboratory, University of Florida,Cambridge University (UK), Stanford University, NEC, NASA, University of California, Los Alamos National Laboratory and presents to Consumers Financial Corporation. Consumers Financial Corporation working in tangent with Knowledge Market has highlighted the first project.
A brief description of the technology is given below.
Optical Probe For Medical Applications
Researchers have developed a new, minimally invasive diagnostic Optical Probe that can instantly identify abnormal tissue, including cancerous tissue. The Optical Probe removes no tissue and is expected to achieve accuracy levels comparable to surgical biopsies in detecting cancerous cells. The optical probe assembly consists of control unit containing a laser unit, detectors, and control circuitry. Optical fibers emerge from the unit and these optical fibers transmit light to and from the tissue through a needle probe. This needle probe is smaller than the needle used in routine blood tests. The optical probe assembly also includes a reference optical fiber as part of the fiber optics, which improves the accuracy of the unit by accounting for optical source variations and changes in the fiber optic transmission efficiencies. The successful deployment of this optical probe could provide a new, minimally invasive diagnostic tool that could instantly detect cancerous tissue, which would result in a reduction in the amount of unnecessary biopsies and surgeries. Medical professionals estimate this would have the potential to save the U.S. healthcare system over $2 billion annually. This device is protected by one U.S. Patent.
Consumers Financial Corporation in conjunction with Knowledge Market and the developing institution look to source, acquire, develop and commercialize this technology as the already enormous market keeps rapidly expanding.
About Consumers Financial Corporation
Consumers Financial Corporation is a diversified merchant banking and financial services company dedicated to finding and assessing the value of micro-cap companies strategically located in markets where significant growth and profits can be obtained. CFCJ targets companies where management is exceptional, products are proprietary, techniques, software or technology provide some measure of exclusivity, where margins are above average and where these companies can benefit from CFCJ's financial assistance either though equity or credit facilities. CFCJ has extensive experience structuring and negotiating transactions to meet clients' strategic and financial objectives, providing a broad array of services focusing on strategic consulting and financing. CFCJ helps to solve long-term strategic issues for a limited number of clients and every assignment is considered very important. CFCJ's Corporate Advisory Services provide clients with confidential, objective, profit rearing valuable insight and assistance in financing to institutionally credible qualifying micro-cap corporations on how to use their money to add strength and profitability to their existing business. CFCJ also provides Restructuring and Reorganization advice to create a solid management core which possesses strong, supportive, professional management teams with congruent goals. CFCJ's success in pursuing those goals is reflected in the firm's outstanding reputation. We pride ourselves on our close client-based relations by maintaining the highest levels of professionalism and integrity, and senior-level attention to clients and relationships. CFC knows that, in a world riddled with conflicts of interest, there is great need for our vast financial knowledge, expertise and years of experience that allows us to provide entirely objective advice and counsel without any pressure from alternative agendas.
About Knowledge Market
Knowledge Market (KM) is a Silicon Valley-based provider of technology commercialization products & services. KM provides technology transfer, financing, and business development services to its portfolio & client companies. KM's primary business activity is to source commercially relevant technologies from leading government, university and private research labs, and transfer such technologies to public companies in need of new technology to improve upon existing product or service offerings or otherwise strengthen their market positioning.