HOUSTON, May 7, 2014 (GLOBE NEWSWIRE) -- Spine Pain Management, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, announced its signing of a letter of intent with the Back Pain Institute of West Texas ("BPI"). When a definitive agreement is finalized, BPI will become a new diagnostic affiliate for SPIN in the Midland-Odessa area. The rapidly growing combined Midland-Odessa "PetroPlex" has become a hot spot of Texas oil and gas activity. Due to its rapidly growing industrial base, it has become a prime area for spine injury accidents.
William F. Donovan, M.D., CEO of Spine Pain Management, said, "I am again pleased that the Quad Video HALO 3.0 Technology is generating interest from potential new diagnostic affiliates. Upon finalizing terms with BPI, the Quad Video HALO system should be a valuable asset to the center." Dr. Donovan continued, "As discussed at the company's year-end conference call on March 31, the decision to cease taking on new business in Florida in early January due to the state's difficult personal injury case environment, caused a severe revenue hole for Q1, but created the opportunity to deploy our cash collections into more favorable markets like Midland-Odessa and other new locations we are targeting. Further, as previously announced, we have been showcasing our newest generation proprietary Quad Video HALO 3.0 at two significant trade expos to test the waters for third party sales of this state-of-the-art transparency technology. We are also currently in the process of applying for FDA and UL approval of the Quad Video HALO."
A detailed description of the Quad Video HALO Technology can be found on the company website: http://www.spinepaininc.com.
Conference Call Information.
Conference Call: An investor's conference call with management will be held on Thursday, May 15, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q&A. The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q&A period.
Access to the Call: To use the internet link, you must register prior to access. We suggest you complete the registration and get your log-in information in advance of the start of the presentation. You can register at any time. As mentioned above, the call is Thursday, May 15, at 4:20 p.m. (EDT).
Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:
https://www3.gotomeeting.com/register/423192782
Or if the above link doesn't work, please try the following:
http://www.joinwebinar.com Webinar ID: 423-192-782
Telephone Dial-in and/or VOIP which provides Q&A: To verbally ask a question using your telephone, you must be online at the presentation website during the presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console. You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion.
The Q&A will be moderated, but without an operator, and will be open to all questions after the formal presentations. Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)
YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4
If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q&A, but will remain in "listen only" mode for the duration of the call.
Conference Dial-in Number: +1 (415) 655-0061
Participant Access Code: 384-587-251
Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:
www.spinepaininc.com/investor-information.php" rel="nofollow">http://www.spinepaininc.com/investor-information.php
About Spine Pain Management, Inc:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment for these musculo-skeletal spine injuries. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website at www.spinepaininc.com.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.