Message #10 From:
NewsBot Date: November 2, 2006 05:30:00 AM
EXNT News EnXnet Increases Equity Position in Medical D-Tect-OR, LLC to 35% by Assigning Foreign Object Detection System Patent Rights
TULSA, Okla.--(BUSINESS WIRE)--EnXnet, Inc. (OTCBB Symbol: EXNT) (German Symbol E8U; German WKN#
A0HMDW) is pleased to announce they have increased their ownership from
a 25% to a 35% equity position in Medical D-Tect-OR, LLC by assigning
their patent rights for a system to detect foreign objects inside the
human body during operations. BAHF, LLC retains 65% equity interest in
the joint venture company – Medical D-Tect-OR,
LLC.
EnXnet’s solution may revolutionize operating
room procedures around the world, potentially saving thousands of lives
and avoiding otherwise unnecessary additional medical procedures. A
working version of this technology has already been displayed and
proven. However, Medical-D-Tect-OR, LLC will be demonstrating a more
user-friendly working prototype to the medical industry in the near
future.
The Detection System Technology is designed for use in the medical
industry – specifically in operating rooms. A
diode would be embedded into disposables such as gauze, laparotomy
sponges, OR towels and the like that are used in the body during
operations. Once an operation and/or other medical procedure is complete
but prior to closing the incision, a wand held by a medical technician
would be waved over the patient to detect the diode (embedded in the
disposables at manufacture) preventing the disposables from being left
in the patient’s body.
“The joint venture with the BAHF is really
exciting,” said Ryan Corley, CEO of EnXnet. “They
bring a wealth of marketing and distribution expertise to Medical
D-Tect-OR.”
This release may include forward-looking statements from the company
that may or may not materialize. Additional information on factors that
could potentially affect the company's financial results may be found in
the company's filings with the Securities and Exchange Commission.
