SOURCE: XTend Medical Corporation

November 19, 2007 06:31 ET

XTend Medical (XMDC) Updates Shareholders on Company Progress

SUN VALLEY, CA--(Marketwire - November 19, 2007) - XTend Medical Corporation (PINKSHEETS: XMDC) announced today an update as to the company's progress. The company issued the following statement:

"The past seven weeks have seen the company make tremendous progress in establishing itself in the healthcare sector. We've completed the acquisition of 25% of Medical Cost Management, secured a Bluetooth glucose meter, blood pressure cuff, and weight scales, attained a financing arrangement from EvRest that will lessen our burden for operating capital, and are in the midst of the Castle Hill acquisition, all positive signs the company is headed in the right direction. In addition, we've had four appointments with major named managed care companies that have definitely shown their interest in our Disease Management Programs, and several more meetings already scheduled for December. Our follow-ups with these companies will take place over the next several weeks and we feel confident that we will have several contracts inked before the end of the year for implementation in the first quarter of 2008. We want to thank all of our shareholders for their patience as this process of working with billion dollar companies does take time to go through the various approval departments, but the excitement they've shown makes us feel very comfortable that 2008 will be a banner year for the company. We're working on several new products to introduce into the marketplace and will begin securing our own patients through media marketing and possible acquisitions that will raise our asset base as well as bring additional sales for the company."

About XTend Medical

XTend Medical Corporation markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients. Through their alliances, XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. For more information please visit us at http://www.xtendmedical.com.

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information

  • Contact:
    Company Contact:
    FutureTechIR for XTend Medical Corporation
    Investor Relations
    (817) 812-2105