SOURCE: BioTech Medics, Inc.

February 21, 2007 11:26 ET

BioTech Medics Acquires Medical Laser Therapeutics, LLC

DALLAS, TX -- (MARKET WIRE) -- February 21, 2007 -- BioTech Medics, Inc. (PINKSHEETS: BTMD) announced today that they have closed on the acquisition of Medical Laser Therapeutics, LLC, a Texas limited liability company, the sole general partner of Medical Laser Therapeutics, LP, a Texas limited partnership; and the majority limited partnership interest in Medical Laser Therapeutics, LP, for cash and restricted stock in BTMD. The purchase of the general partner and the majority limited partnership interest represent a 71.48% interest in Medical Laser Therapeutics, LP.

The assets of Medical Laser Therapeutics, LP include 5 Therapeutic Medical Lasers with FDA 510(k) medical device marketing clearance authorization, and various federal, state and local laser manufacturing licenses and/or authorizations. Additionally, the acquisition includes recently concluded medical laser studies, research and development intellectual property and proprietary medical laser software.

This acquisition is a continued fulfillment of the Company's goals and stated purposes and brings more assets to the balance sheet providing more value to the Company for the BTMD investors.

BioTech operates Pain Management & Wellness Center in Dallas, Texas, and has affiliated Pain Management Centers in other cities across the USA.

BioTech Medics is a 21st Century Alternative Medicine company.

Safe Harbor for Forward-Looking Statements.

This press contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.

Contact Information

  • Contact:
    BTMD Investor Relations