AOI Aoi (Regs)

    RNS Number : 8222W
  AOI Medical, Inc.
  16 June 2008
   

    AOI Medical, Inc.

     ("AOI Medical" or "the Company")
    Issue of share options and payments to Licensor

    London, UK, 16 June 2008 - AOI Medical Inc. (the "Company" or "AOI") (AIM: AOI), the medical device company focusing on innovative
orthopaedic medical devices for the spine and trauma markets, announces that it has paid US$51,390 in cash and issued stock options over
13,242 common shares to one of AOI Medical's intellectual property licensors ("Licensor") for AOI Medical's successful achievement of a
milestone pursuant to a license agreement between AOI Medical and the Licensor executed on 1 January 2006. 

    Under the licence agreement, AOI Medical has been granted an exclusive worldwide right to exploit certain patents, patent applications
and know-how of the Licensor within the field of vertebral body compression fracture technology subject to AOI Medical making certain
license payments upon the achievement of specific milestones.

    Enquiries:

 AOI Medical Inc.          Tel: +1 407 770 1800
 William J. Christy, CEO
 Angela Johnston, CFO 

 Financial Dynamics        Tel: +44 (0) 20 7831 3113
 Ben Atwell
 Susan Quigley

 Numis Securities Limited  Tel: +44 (0) 20 7260 1000
 David Poutney
 Brent Nabbs

    Background to AOI Medical Inc.
    AOI Medical is a medical device company focussing on the development and commercialisation of innovative orthopaedic medical devices for
the spine and trauma markets.  It is progressing the development of three separate technology platforms: Ascendx* VCF Reduction System, BAMF
Trauma and Cervical Plate. Further information can be found at www.aoimedical.net

This information is provided by RNS
The company news service from the London Stock Exchange
 
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