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Telzuit Medical Technologies, Inc. (fka TZMT) RSS Feed

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Company website: http://www.telzuit.com/ Corporate Office: 5422 Carrier Drive Suite 306 Orlando, FL 32819 Phone: 407-354-1222 Fax: 407-354-0065 Email: info@telzuit.com About Telzuit Medical Technologies, Inc.: Founded in April 2000 in Central Florida, Telzuit began working toward developing what is today the STATPATCH™ Wireless Heart Monitor. Key staff members were brought on board in 2003 and have been responsible for the rapid product development and financing advancements over the last few years. Their FDA approved, patented, STATPATCH™ Wireless Heart Monitoring System is a full 12-lead, completely wireless, Holter Monitor. It can be worn by the patient as they proceed with their daily routine while their data is being sent to their monitoring center on a near real time basis. Telzuit states that it is dedicated to providing advanced mobile medical solutions to communities worldwide. The STATPATCH™ Wireless Heart Monitor is the first of several products to be introduced by the Company. Their vision is to become the world-leading supplier of wireless medical monitoring devices and services supported by its own secure worldwide Intranet. Their goal is to provide wireless monitoring devices supported by their own medical data platform that will quickly, easily and cost effectively provide a momentous leap forward in the application and use of patient monitoring by physicians. In pursuit of this goal they wish to supply the medical community with safe and efficient medical devices that will enable them to provide excellent care to their patients through advanced technology while maintaining HIPAA compliance. Reach every person in need of medical monitoring and afford them the opportunity to experience a quality of life within their individual limits of health. Maintain an optimal level of customer satisfaction by insuring they consistently test their products and research the latest advancements in the wireless and medical monitoring fields. Source: Telzuit Medical Technologies, Inc. Telzuit Medical Technologies, Inc. is listed on the NASDAQ OTCBB and is a filing corporation with the United States Securities and Exchange Commission, ("SEC"). CIK # 1093837 Link to SEC filing information: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001093837&owner=include&count=40 As of SEC filings through November 19, 2007, Telzuit Medical Technologies, Inc. reported per 10-QSB for fiscal year ending September 30,2007 that, "the Company" had 49,271,531 shares of Common Stock outstanding as of November 19, 2007 with 125,000,000 shares authorized. Transfer Agent: American Stock Transfer & Trust Company, New York, NY 10038 Four(4) month charting: Press Releases, News & Updates: Telzuit Medical Technologies: Recent Update Call January 22, 2008 - 11:51 AM EST Telzuit (OTCBB: TZMT) initiated a conference call on Monday, January 21, 2008 at 2:00 PM Eastern Time to update investors on the Company. To listen to a replay of the call, please dial 1-888-899-7904. The playback ID# is 082821021. The following contains an outline of what was said on the call: -- During the past year we have improved and perfected the operation of the StatPatch by enhancing components on the circuit board and reducing the cost of manufacturing. -- We have moved the software platform for the StatPatch from the Palm operating system to Windows mobile 5.0 and most recently to Windows Mobile 6.0. -- We have significantly improved the Bluetooth operating range of the StatPatch resulting in fewer drops. -- We created a PC version of the software for institutional use. -- We improved the PDA software so that the OEM battery will now complete a 24 hour Holter test without the need to recharge the battery. -- We have run some 500 tests this year with the StatPatch system and have a 97% success rate. -- We believe that the failure rate of the traditional wired Holter is much greater than our 3%. Perhaps as high as 30%. -- Our use of the StatPatch on patients has been successfully paid for by Medicare and other third party payers. -- The Cardiologist reviewing the StatPatch tests and interpreting the results via a written report back to the physicians ordering the Holter has found the StatPatch recordings to be of excellent quality, accurate and exceedingly easy to evaluate and interpret. The Cardiologist also believes that the StatPatch is more efficient than other technology out there now. -- We have reduced the cash burn rate of the company from over $400k per month to under $100k per month. -- Component changes and manufacturing efficiencies will reduce the overall cost of the StatPatch and yield us an improved profit margin. Also, PDA acquisition costs have been reduced by 60%. -- We have distribution agreements in progress to hit the ground running as soon as there is enough funding to start building sufficient inventory of the StatPatch. -- We are in substantive discussions with a foreign provider EKG products and services to serve as their OEM for wireless holter monitors and related products. This third party will have rights to our product in Europe and selected US markets, if we successfully complete this partnership. We believe that if successfully completed this partnership will provide the company with sales levels that are substantial, in excess of seven figures. -- We have begun discussions with one of the largest distributors of EKG products in the US to serve as our distributor in selected US markets. -- To sum up, the product is ready to tackle the holter monitoring market. We believe we have the relationships in place or nearly in place that will enable us to achieve substantial penetration. We currently lack the financial resources to fulfill this plan. -- On a related note we intend to make strategic additions to the Board of Directors. Kenneth Adams and Richard Bischoff have resigned from the Board to make way for future additions. Source: Marketwire (January 22, 2008 - 11:51 AM EST) Telzuit Medical Technologies: Marketing Update October 4, 2007 - 10:42 AM EDT Telzuit Medical Technologies, Inc. (OTCBB: TZMT) -- Telzuit continues to ship product and bill for services. We are using Windows Mobile 5.0 devices and will do so until Windows Mobile 6.0 is released by AT&T. -- Sales are building. -- The Company is in discussions with several parties to raise additional financing. Source: Marketwire (October 4, 2007 - 10:42 AM EDT) Telzuit Medical Technologies: Technology Update Patch Cost Reductions September 24, 2007 - 8:57 AM EDT Telzuit Medical Technologies, Inc. (OTCBB: TZMT) -- Telzuit has begun sourcing components from lower-cost suppliers, which has resulted in 10% reduction in patch costs -- Additional savings are in the works than may reduce the price of the patch an additional 30-50% -- The Company is currently utilizing Palm Treo 750s configured for Windows Mobile 5.0 until AT&T certifies Windows Mobile 6.0 The Company has begun to source components for the patch from lower cost suppliers resulting in an approximate 10% reduction in STATPATCH costs. As volumes increase, we have identified additional supply sources that may reduce costs by an additional 30-50%. Telzuit is utilizing Palm Treo 750s configured for Windows Mobile 5.0 and will do so until AT&T fully certifies Window Mobile 6.0. We have determined that the Company must move forward in the rollout of the STATPATCH system and will use Windows Mobile 6.0 when available. Source: Marketwire (September 24, 2007 - 8:57 AM EDT) Telzuit Medical Technologies: Update on Utilization of the STATPATCH System September 05, 2007 - 10:06 AM EDT Telzuit Medical Technologies, Inc. (OTCBB: TZMT) -- Telzuit now utilizing the STATPATCH System in physician practices using PDAs and in Nursing Homes using PCs. -- The Company is waiting on AT&T to certify the Palm Treo 750 utilizing Windows Mobile 6.0 before it can broaden the roll-out. -- Telzuit is in negotiations with various parties to serve as partners in Europe and Asia. Telzuit is now operational utilizing both its PDA-based and PC-based STATPATCH System. The Company expects sales to ramp up significantly over the next several months when AT&T certifies the Treo 750 for Windows Mobile 6.0. We expect this to happen soon. Source: Telzuit Medical Technologies, Inc. $$$
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