SOURCE: MDwerks

November 29, 2005 16:11 ET

MDwerks, Inc. Receives Private Placement of $1.6 Million; Begins Trading Under Symbol MDWK.OB

Company Engages CFSG for Investor and Public Relations Activities.

DEERFIELD BEACH, FL -- (MARKET WIRE) -- November 29, 2005 -- MDwerks™, Inc. (OTC BB: MDWK) today announced it has completed a reverse merger to acquire the business of MDwerks Global Holdings, Inc. and its subsidiaries and simultaneously completed an initial closing of a private placement of $1.6 million. In regard to this, the Company filed Form 8K on November 18, 2005, which can be obtained at www.sec.gov.

Shares of the Company's common stock began trading Monday, November 28, 2005, on the OTC Bulletin Board under the symbol MDWK.OB.

MDwerks also announced that it has engaged Consulting for Strategic Growth I, Ltd. (CFSG), a specialist in reverse mergers and companies new to the public markets, to manage its investor and public relations activities.

Howard Katz, CEO of MDwerks, said, "We are extremely pleased to begin trading as a public company. We believe that our proprietary products provide unique solutions to daily cash flow issues that healthcare providers have been looking for. At the same time, our products benefit financial institutions by reducing lending risk and increasing access to an important business sector. To our knowledge, we are the first to offer these comprehensive integrated solutions over the Internet. We are addressing a large vital market, and our initial private placement indicates that investors recognize the huge potential of this opportunity."

Stanley Wunderlich, CEO of CFSG, stated, "After more than five years of development and testing, MDwerks products are now being embraced by new client practitioners and mobile diagnostic companies for their claims management solutions and financial benefits. As a public company, MDwerks now has new access to equity to launch and market the MDwerks System commercially. CFSG has already found a strong positive response among our broad-ranging contacts within the investor community. We are very excited about the future of this company and pleased to be representing it."

About MDwerks, Inc.

MDwerks, Inc. (OTC BB: MDWK), based in Deerfield Beach, Florida, provides Web-based, health insurance claims processing services and provides advance funding to healthcare providers through lines of credit secured by insurance claims receivable.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of MDwerks' Securities and Exchange Commission filings available at http://www.sec.gov.

Pursuant to a December 1, 2005 agreement, Consulting For Strategic Growth I, Ltd. ("CFSG") provides MDwerks Inc. with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from MDwerks, CFSG may choose to purchase the common stock of MDwerks and thereafter sell those shares at any time it deems appropriate to do so.

Contact Information

  • CONTACTS:

    Howard B. Katz
    Chief Executive Officer
    MDwerks, Inc.
    Tel: 954-834-0352
    Fax: 954-834-0376
    Email: Email Contact

    Stanley Wunderlich
    Chief Executive Officer
    Consulting for Strategic Growth 1
    Tel: 800-625-2236
    Fax: 212-337-8089
    Email: Email Contact

    Daniel Stepanek
    Media Relations
    Consulting for Strategic Growth 1
    Tel: 212-896-1202
    Fax: 212-697-0910
    Email: Email Contact