We view Med-Tek as a great investment opportunity for us
MIAMI (PRWEB) October 18, 2007
"We view Med-Tek as a great investment opportunity for us," said David Schwedel, Chairman of DAS Family Holdings. "Med-Tek's proven technology, value proposition and capable management team promises to continue contributing to the strength of the healthcare industry, and I believe this investment will enable the company to execute on its growth potential."
Schwedel's investment will allow Med-Tek to expand its operations and rapidly grow its business over the next several years. The initial investment when combined with a follow on equity investment will provide Med-Tek with $5 million in working capital. Schwedel will continue to work with Med-Tek to provide up to an additional $20 million in capital to help further expand Med-Tek's business opportunities throughout the United States during 2008 and beyond.
"We are pleased to partner with David Schwedel, as this investment enables the company to enhance its research and technology development for the diagnosis and treatment of muscular skeletal injuries and ailments," said Dr. Marco Vitiello, President and Founder of Med-Tek.
Med-Tek manufactures leading technology-based solutions for the objective assessment of soft tissue injuries (STI) and repetitive stress injuries (RSI), such as back pain, carpal tunnel syndrome, whiplash, fibromyalgia and others. The company's proprietary medical technology solution - Comprehensive Neuromuscular Profiler - provides physicians with an evidence-based tool to better diagnose the existence, type, severity and acuity of STIs.
About DAS Family Holdings, L.P.
DAS Family Holdings, L.P., is a private holding and investment organization with interests in energy, healthcare, real estate, and corporate finance. These companies are wholly owned, or controlled by the same holding or management company, DAS Family Holdings. The company is headquartered in Coral Gables, FL. For more information: http://www.dasfamilyholdings.com. 4000 Ponce de Leon Blvd., Suite 470, Coral Gables, FL 33146. Telephone: (305) 740-5199.
About Medical Technologies Unlimited, Inc. (Med-Tek)
Medical Technologies Unlimited, Inc. (Med-Tek) is a medical technology company specializing in medical diagnostic technologies that enable more accurate and objective evaluations of muscular skeletal injuries and ailments. The company's proprietary solution - the Comprehensive Neuromuscular Profiler - enhances a physician's ability to assess soft tissue injuries (STI) and repetitive stress injuries (RSI) more accurately via the integration of innovative technologies. Med-Tek is headquartered in Miami, FL. For more information, go to http://www.med-tek.com.