CORPUS CHRISTI, Texas, Jan. 24, 2006 (PRIMEZONE) -- CSMG Technologies, Inc. (OTCBB:CTUM) announced today that its Ukranian partner, IAW, has received an order from the Ministry of Health of Ukraine for 10 sets of live biological tissue welding/bonding equipment. This is the first commercial order for the technology.
CSMG owns the technology and exclusive world rights to the medical device through Live Tissue Connect, Inc. (LTC), a subsidiary corporation formed for the development and exploitation of the platform technology.
Donald S. Robbins, president and CEO of CSMG, said, "Although CSMG will not realize any revenue related to this order, this is a major milestone in starting the process of worldwide product commercialization and validates the value of the live biological tissue welding/bonding 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 over 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 http://www.otcbb.com. For more information, visit http://www.ctum.com, e-mail publicrelations@ctum.com, or contact Don Robbins at (361) 887-7546.
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