Lifeline Biotechnologies, Inc. Retains Merchant Banking Services Firm
04 March 2009 - 12:30AM
Business Wire
Lifeline Biotechnologies, Inc. (Pink Sheets:LLBO) today
announced it has retained Brass Bulls, merchant banking firm, to
provide the Company with professional services including public
relations, corporate finance, merger acquisition and business
consultation to assist in achieving Lifeline�s corporate goals.
�We are very pleased and look forward to Brass Bulls assisting
us, amongst other services, in our search for a strategic partner.
The focus will be on building shareholder value and spreading risk.
Meantime, our focus is to bring our First Warning System, a process
that is designed to assist in the early detection of breast cancer,
to market. Our immediate objective is the preparation and
submission of a 510(k) application to the FDA for clearance,�
stated Jim Holmes, CEO of Lifeline Biotechnologies.
Paul Lovito, President of Brass Bulls, stated, �Lifeline has
spent over 20 years developing the First Warning System and is now
at the final phase towards going to market. The Company is at a
critical point in its corporate finance, marketing and public
relations needs. We look forward to assisting the Company in
building its shareholder value through increased market exposure,
corporate transparency and strategic alliances.�
Lifeline Biotechnologies has in the past year filed for a patent
on the recent technological advancements of the First Warning
System�, which has achieved the robust capability of identifying
and classifying abnormalities of the breast with sensitivities of
95% to 100% and specificities of 87% to 90%. Currently, it is a
well known fact that mammograms are missing an estimated 30 to 40%
of the breast cancers.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing,
successful development of the Company�s product and regulatory and
shareholder approval for anticipated actions.
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