SOURCE: Capital Pros Network

August 07, 2008 13:28 ET

CPN Apologizes for Inaccuracies in Video Statements

LOS ANGELES, CA--(Marketwire - August 7, 2008) - CPN Owner and President Jonathan Pappie has issued an apology to the company it represented, Wound Management Technologies, Inc, symbol (OTCBB: WNDM), to the attendees of the Friedland Investment Conference held in Atlantic City and to any investors who viewed the video as well as the owner of Next

"Unfortunately there were some statements that I made at the conference that were not accurate." said Jonathan Pappie, owner of CPN. "HEB, LLC does not own any other assets outside of the health care space and has no interest in gaming whatsoever. I also stated that Debbie Jenkins was President when in fact it is Cathy Bradshaw. I also stated that the firm had outside backing from gaming revenues when in fact it is not from investment directly into Wound Management Technologies," stated Pappie.

"At future conferences I will insure that only the Principals speak on behalf of the company. I had a very late flight, the time difference to contend with, other client's information that I was also presenting and I was not as fully prepared as I should have been. I hope that this has not affected any perception of the achievements of the company, now or in the future."

About Wound Management Technologies, Inc.:

Wound Management Technologies, Inc. (OTCBB: WNDM), with its corporate headquarters in Fort Worth, Texas, markets and distributes wound care products to the healthcare market under patented technology licensed to the Company. The Company is positioned and seeks to be a leading provider of wound care products. For more information on the Company please visit the Company's Website at

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks and uncertainties detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.

Compensation Disclaimer: Capital Pros Network CPN has been compensated the equivalent of $50,000 from WNDM.OB. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Capital Pros Network or WNDM.OB (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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