BOYNTON BEACH, Fla., Nov. 13, 2003 (PRIMEZONE) -- Harvey Grossman, President and Chief Operating Officer of Jacobson Resonance Enterprises, Inc. (OTCBB:JRSE) announces today that JRSE has submitted a 513(g) application with the FDA for non-medical use of our patented technology. Specifically, with this submission we are seeking permission to use Jacobson Resonance in the form of extremely weak but unchanging physiologic magnetic fields for a "Non-Invasive Resonator System For Relaxation."
The type of magnetic fields that we are proposing to use is essentially and qualitatively identical to the permanent steady magnets that are sold over-the-counter throughout the world, with only one significant difference. Jacobson Resonance magnetic fields are millions of times weaker than the permanent steady magnets being sold in the marketplace.
Quoting Dr. Jerry I. Jacobson: "Magnetism associated with permanent magnets has been used freely throughout the world for many years. Magnetic fields that do not change polarity, i.e. possessing no frequency alternation, have been considered perfectly safe for human use because they do not induce electrical energies produced by changing magnetic fields. One can find such magnets in department stores in the form of footpads, mattresses, bracelets, necklaces and in systems where an array of magnets may be held about various parts of the body for extended periods of time. Magnets have been known to produce feelings of relaxation. Thus, from a non-medical point of view, we desire to use magnetic fields of a static nature (just as permanent magnets) to produce feelings of relaxation, yet with the kinds of magnetic fields naturally produced by the body. These fields are actually millions of times weaker than the permanent magnets commonly used. Based upon data gleaned from clinical studies in Europe and Canada the observed effects have been reported to be analogous to the permanent magnets while the approach is more natural."
Illustration: Upon receiving permission from the FDA to use our resonator system for relaxation purposes JRSE would then have the potential to enter into the multi-billion dollar Spa industry. In fact, according to the International Spa Association (ISPA) 2002 Spa Industry survey, there are 9,632 spas in the United States and approximately 1,300 spas in Canada. The total revenue for the Spa industry has doubled in two years (114 percent increase). In 1999, total revenue was $5 billion, and in 2001 it increased to $10.7 billion. Fifty-one percent of the industry revenue is from treatment rooms and forty-nine percent of treatment room revenue is from massage. The number of spa locations has doubled every four years and spa industry revenues have even surpassed box office gross receipts and amusement/theme park revenues.
Once again it should be noted that JRSE has just submitted the application to the FDA seeking permission for relaxation purposes. As with all submissions to the FDA it is a process that takes at least a few months before a decision is made and there are no assurances that permission will be granted. However, if granted, JRSE will then aggressively enter the Spa and Leisure sector and make every effort to tap into this multi-billion dollar market space.
JRSE is an emerging worldwide leader in magnetic resonance technology, whose main focus is the eradication of human suffering. The Company's technology base has the potential for multiple industry applications including the fields of medicine, spa and leisure arena, food and beverage, pharmaceuticals, energy and the environment.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters covered by such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to differ materially from those contemplated or implied by such forward-looking statements. For further information, contact Harvey Grossman at (561) 752.4141.