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PFMH: SEC Admin Proceeding:
http://www.sec.gov/litigation/admin/2012/34-67077.pdf
PFMH.OB Featured in Scientific American’s News Blog
Scientific American is recognized as the oldest continuously published magazine in the nation. The magazine has been bringing its readers unique insights about developments in science and technology for more than 150 years. Recently, Scientific American focused its attention on Performance Health Technologies, Inc. (PFMH.OB) and its revolutionary technologies.
Although Performance Health Technologies’ products reach into multiple markets, the magazine focused on the rehabilitation of sports injuries. Sports have become a crucial part of many Americans’ lives, making questions such as “how will the Ravens do now that their starting quarterback is out of season with a shoulder injury” quite important. According to SGMA, the U.S. sporting goods industry alone is worth $68.4 billion.
Performance Health Technologies designed their Core:TX wireless motion-sensing rehabilitation system to improve the rehabilitation process. A physical therapy patient or stroke victim simply wears a small, wireless sensor near the joint or muscle group being rehabilitated while software guides the user through an exercise program, measures their range of motion and provides instant feedback on his or her rehab progress. PHT’s Core:Tx® rehabilitation system is an impressive combination of technological innovation, clinical knowledge and understanding of patient needs.
PFMH.OB is Transforming the Way Individuals Exercise, Train and Rehab
Performance Health Technologies, Inc. has committed their efforts to developing and marketing performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. For nearly a decade, the company’s medical and computer experts have integrated advanced software with medical technology to create MotionTrack™, a versatile proprietary technology platform.
MotionTrack is the core of Performance Health Technologies’ device and computer software system that tracks and monitors motion and movement in real-time. The company aims to revolutionize the way individuals exercise, train, and rehab from injuries by using MotionTrack™ as a platform to create new technologies that merge technology with exercise for more efficient and controlled therapy, injury recovery, and personal training and fitness.
Performance Health Technologies’ products have already been tested, accepted, and endorsed by leaders in the medical, rehabilitation and athletic communities and is gaining momentum in the medical field. The company’s SportsRAC® Shoulder, Knee and Forearm systems have been installed in physical therapy clinics, and university athletic departments and with professional sports teams throughout the United States and Canada, while their Core:Tx® product has gained interest from orthopedic surgeons and neurologists, occupational and physical therapists, as well as speech pathologists.
PFMH.OB Recently Appointed Solid Financial Professional to Board of Directors
Performance Health Technologies, an innovative leader in developing and marketing exercise and rehabilitation products, recently announced the appointment of Tommy Harris to the board of directors.
“PHT’s Core:Tx® rehabilitation system is an impressive combination of technological innovation, clinical knowledge and understanding of patient needs,” commented Harris. “I am excited about the company’s potential and pleased to contribute to their continued growth.”
Harris brings to the board a solid educational background and almost 40 years of experience in business development, operations, and finance. He earned a Bachelor of Science degree in Accounting from Southern Illinois University and a Masters of Business Administration from Long Island University. He achieved CPA certification and is currently a member of both the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.
Harris currently serves as the Chief Financial Officer (CFO) at Vigilant Solutions, LLC, which is a private sector member in the Transportation Security Administrations Registered Traveler Program. Before joining Vigilant, Harris served as CFO and Chief Operating Officer at Remote Management Systems, Inc. Harris served a number of top-level posts, including CFO, during his tenure at AOL Time Warner Inc., an $8 billion media and telecommunications company with more than 30,000 employees and 40 operating divisions. While at Price Waterhouse & Co., he managed general audits and SEC compliance requirements for internal and domestic clients. Harris currently serves as a board member for Vigilant Solutions LLC and for The First Tee of Metropolitan New York.
“We are pleased to welcome Tommy Harris to PHT. Tommy brings a wealth of strategic, operational and financial leadership experience which will be invaluable as we continue to execute our growth strategy,” said Robert Prunetti, CEO of Performance Health. “His considerable experience as a senior financial executive in a wide range of industries makes him exceptionally qualified to serve PHT’s shareholders as a member of our board.”
PFMH.OB is a Company on the Rise
Performance Health Technologies, Inc. is a New Jersey based company that develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. With an array of talented members on the Performance team, the young company’s products have been tested, accepted, and endorsed by leaders in the medical, rehabilitation and athletic communities.
While Performance Health has branched out into many markets, the company has begun to make its mark in three distinct fields: Rehabilitation, Fitness and Home Care. Within each of these markets, Performance has taken a lead role in the business world and has positioned itself to become a force in the marketplace.
In the rehabilitation field, Performance has gained national recognition for their breakout product SportsRAC. SportsRac is designed to help rehabilitate professional baseball players from rotator cuff surgery. SportsRac is gaining recognition in all professional baseball leagues and may be the one thing that extends the careers of many pitchers who would normally never be able to pitch again or at least as effectively after rotator cuff surgery. This product could change the world of sports and allow Performance Health Technology to become a household name.
In the fitness field, Performance has several future products that will be designed to aid athletes and fitness enthusiasts to take their training to the next level. These products may be able to develop greater hand-eye coordination, tighten the timing on a golf, tennis, or baseball swing, or train the body to react to varying weight and resistance at a higher level of neuromuscular control. Performance Health has a market plan that seeks to revolutionize the way individuals think about their health and fitness.
Turning to home care, Performance has created their flagship product the Core:Tx. The Core:Tx is a computer-based program that utilizes wireless motion-sensing technology that is designed for neuromuscular re-education. This is a technique used by rehabilitation therapists to restore normal movement in patients with conditions and neurological conditions, such as stroke and traumatic brain injury.
The management team at Performance Health Technology has helped guide the young company into the future and is quickly making its mark in these fields and many others.
PFMH.OB Provides Hope to Chronic Pain Sufferers
Performance Health Technologies, Inc. is giving sufferers of chronic pain new tools to combat muscle atrophy and other pain related problems. The company has developed advanced software that allows the user to visually monitor a wide range of body movements, a form of sophisticated motion-oriented bio-feedback that’s of special importance to those who have learned to be afraid of movement.
Chronic pain is different than other types of pain, posing a unique set of issues. Normally, pain is a protector of the body, a signal to discourage us from taking actions that can cause or aggravate injury. When pain is chronic, a professional diagnosis can look for hidden underlying causes, and prescribe appropriate treatment. Medication or surgery may solve the problem, but sometimes nothing works and the pain continues, suggesting that the pain signal itself may be the problem. Chronic pain can sometimes be a false indicator, a bad warning light alerting someone of risks that are not really there. Such pain can be the result of neurological disorders, such as fibromyalgia, or earlier injuries that have thrown the pain feedback mechanism out of balance.
Whatever the cause, if treatments are not available, chronic pain can have an almost paralyzing effect on anyone experiencing it, and is often accompanied by depression. The problem is that chronic pain can cause a debilitating fear of even limited activity, which discourages the sufferer from performing much needed movement, resulting in gradual muscle atrophy. Not only does this limit the person’s mobility, it can actually contribute to increased chronic pain.
Performance Health Technologies, through its innovative feedback systems, gives people a new way of managing their pain. By showing the user exactly and continually how much they are moving a sensitive part of their body, therapists are discovering that it provides a sense of control that encourages patients to go further. Once the user knows that movement will not increase the pain, they learn not to be afraid of it, freeing them to perform at increased levels. This in turn helps alleviate the very serious problem of muscle atrophy and accompanying depression.
With a huge anticipated wave of aging but still active baby-boomers expected to swell the ranks of chronic pain sufferers, Performance Health has positioned itself as a key provider of an increasingly in-demand technology.
PFMH.OB Offers New Way to Track Your Body; Up 33% Today
Performance Health Tech, Inc. is offering a new and sophisticated way for people to interact with their own bodies. Bringing together medical and computer experts, the company has combined advanced software and medical technologies to create MotionTrack™, a proprietary technology platform that can track and monitor detailed body movements and motion in real time, providing immediate visual feedback to the user. The company’s goal is not only to transform the way individuals exercise and train for sports, but also to revolutionize rehabilitation from injuries, providing more efficient and controlled therapy.
Performance Health’s innovative products are gaining wide acceptance, and endorsement, by medical, rehabilitation, and athletic communities, and were recently featured in Scientific American Online. The products are now being used by orthopedic surgeons, neurologists, occupational and physical therapists, and even speech pathologists.
The popularity is due in part to the success experienced by patients recovering from injuries. A good example is a brain-injury patient using the company’s Core:Tx® product line. The system includes dynamic therapy tools for use by professionals in a clinical setting, or more simplified programs for use in the home by individuals. It allows clinicians to create customized exercise routines, with the ability to quickly change the system as the patient progresses. In this case, the patient was able to start making progress quickly with twice weekly one-hour sessions in a clinical environment, but could then continue therapy at home, staying connected with his therapist via the Internet, performing pre-set custom designed exercises.
Performance Health also offers Core:Tx for stroke survivors, allowing them to exercise in the comfort of their own home, without the supervision of a therapist. With an informative exercise User Guide, stroke survivors can choose from preset activities designed to suit the specific needs of stroke patients, and work their way to a functional outcome at their own pace. The company plans to develop further customized products for other neurological and motor control conditions and injuries for use in the home.
PFMH.OB Board of Directors Help Lead the Way
Performance Health Technologies, Inc. is a company that develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. Based in New Jersey, the young company is led by a group of Board of Directors that are second to none.
Amongst the leaders on the Performance Board of Directors is Dr. Gary N. Goldstein. Dr. Goldstein serves in numerous roles in the medical and academic community. Currently Dr. Goldstein is an attending physician at Graduate Hospital in Philadelphia, Virtua Health Care System, Kennedy Memorial Health Care System, Surgical Center of South Jersey, Summit Surgical Center, Cherry Hill Surgical Center, and Cooper Medical Center. Besides holding memberships in various organizations in his profession, Goldstein is widely published and brings with him a powerful name in the medical field.
Serving with Dr. Goldstein is Roger Harrison. Harrison has over 30 years of experience in the pharmaceutical industry and is recognized as knowledgeable in most areas of pharmaceutical research, product development, regulatory affairs, and development of medical devices.
David Lenihan is also a member of the board at Performance. Lenihan is a Founder and CEO of CareGain, a software technology company based in East Windsor, N.J. This company provides enterprise software solutions to health plans and third party administrators, enabling them to enter the Consumer Directed Health (CDH) marketplace quickly and efficiently for both plan design and administration of these new health benefit products. Lenihan led the CareGain from inception in 2001 until its sale to Fiserv Health (NASDAQ: FISV) in January 2006.
With Goldstein, Harrison and Lenihan leading Performance Health Technologies, the company is empowered with strong leadership that will serve it well into the future.
PFMH.OB Rehabilitation Technologies of Tomorrow
There are innumerable instances in which unfortunate medical circumstances create a need for neurological and muscular rehabilitation therapies. Answering the call is Performance Health Technologies, a leader in advanced physical therapy aids targeted at accelerating the recovery of stroke victims, injured athletes, and sufferers of a wide range of neuromuscular disorders.
Developed by the company’s staff of medical professionals and IT experts, the MotionTrack biofeedback monitoring platform is the foundation upon which PHT’s impressive line of products are built. Using a set of proprietary software algorithms in conjunction with state-of-the-art inertial sensors, the MotionTrack system is designed to wirelessly detect and monitor patient movement.
This platform provides the basis for PHT’s Core:Tx neuromuscular training aid, which consists of two versions: Core:Tx Professional for clinical use, and Core:Tx Home Therapies, for the continuation of a patient’s therapy upon departure from the hospital. Core:Tx Pro affords physical rehabilitation specialists the ability to create custom recovery regimens for their patients, allowing for more efficient treatment. The Home Therapies edition gives individuals the opportunity to make an easy transition from formal rehab to self-paced follow-up recovery.
PHT technologies are excellent for post-stoke/injury applications, but can also be effective for the facilitation of top-level athletic training workouts, when used in combination with fitness equipment. The uses for this company’s products are virtually limitless, which is why Performance Health Technologies is one company upon which to keep an eye.
PFMH.OB Launches New Initiative at Interactive Metronome Conference
During a recent two-day sales conference in Fort Lauderdale, Performance Health Technologies’ (”PHT”) CEO Robert Prunetti demonstrated his company’s cutting-edge neuromuscular rehabilitation technology; Core:Tx®. The conference was held by, and geared toward the sales force of PHT’s sales, marketing and distribution partner, Interactive Metronome (”IM”).
Robert Prunetti gave presentations that included details about the highly-advanced Core:Tx® system, which the company bases on its revolutionary biofeedback platform, MotionTrack. He also used the conference as a method of exchanging vital information with representatives of the IM national sales force, in preparation for a new marketing and sales initiative slated to begin in the fourth quarter of this year. The campaign has been titled “Movement”, and is intended to gather crucial data from the field, in a series of field trials coupled with sales presentations.
Performance Health Technologies’ involvement with Interactive Metronome dates back to 2007, when the companies entered into a definitive distribution agreement. IM’s market position as a leader in interactive physical therapy has been extremely beneficial for PHT in raising awareness and increasing sales of the Core:Tx® interactive rehabilitation system.
IM’s VP, Al Guerra, stated, “Clinicians have found that patients suffering from neurological disorders respond well to game-like programs because the software and hardware system interfaces with the patient, giving him or her real-time feedback on the position and movement of selected joints. The system engages the patient, while at the same time provides the clinician with valuable objective data on the patient’s performance and abilities. IM believes the qualities of the Core:Tx® system will make the product an invaluable tool for professionals in rehabilitation therapy. ‘Movement’ will begin the adoption process.”
PFMH.OB Continues to Show Solid Results with Patients
Performance Health Technologies, Inc. (PFMH.OB) is a company that has started a revolutionary wave on how people are recovering from neurological disorders involving the joints. Over the last nine years, the company’s development team has created MotionTrack™, which synergizes the latest software and medical technology onto its proprietary platform. The Core:TX® system is able to provide patients with immediate feedback by turning rehabilitation therapy into a wireless, game-like challenge.
The Core:TX® not only makes the repetitive rehabilitation movements more enjoyable, the system is also able to provide health professionals with info on patients’ unique body makeup. Some patients have tremendous strength but lack flexibility in their movements, while others have a wide range of motion with little strength. By using the Core:TX®, healthcare professional and physical therapists are now able to customize clients’ therapy based upon recordable measurements. Performance professional and at-home products have even been tested, accepted, and endorsed by a number of leaders in the medical, rehabilitation, and athletic groups
Jack Kelly from South Carolina stated, “I started using the Core:Tx twice a week for one-hour sessions at Advanced Therapy Solutions in Spartanburg, SC following a traumatic brain injury resulting from a fall. I was anxious to regain the mobility I had lost due to my injury and the Core:Tx gave me the much-needed jumpstart I needed on the path to a speedy recovery. Plus, the home version of Core:Tx allowed me to continue my therapy at home, stay connected to my therapist via the internet and perform easy-to-follow, pre-set exercises specifically designed for me.”
The Core:TX® has been gaining interest from occupational and physical therapists, orthopedic surgeons, neurologists, as well as speech pathologists. Those patients who need to continue rehabilitation therapies at home have the Core:Tx for Stroke Survivors available to them. Additionally, the SportsRAC® Shoulder, Knee and Forearm system is being used in a number of university athletic departments, professional sports team work-out areas, and physical therapy clinics.
The Richart Sports and Spinal Rehabilitation Clinic found that the “SportsRAC Multi-Joint Rehabilitation System is beneficial to rehabilitation because it provides feedback, neuromuscular training, and improved kinesthetic sense. Patients benefit from the SportsRAC System because they have an earlier rehabilitation option. Chiropractor practice can benefit from SporstRAC by gaining additional rehabilitation options and incremental revenue.”
As an ever expanding group of medical professionals learn about the Performance Health products, the number of patients that will benefit from the products will continue to increase.
PFMH.OB: Offering Rehabilitation to Stroke Victims
Implementing its highly-advanced Core:Tx® neuromuscular training system, Performance Health Technologies evaluates and treats stroke victims, as well as individuals struggling with a wide range of neurological disorders.
Core:Tx® is the ultimate in rehabilitation technology, working both as a physical therapy aid and a next-generation biofeedback analysis tool. Comprised of a hardware and software system, the Core:Tx® platform is wirelessly connected to the patient, and monitors in real-time, the position and movement of selected areas of the body.
Patients already benefitting from this ingenious recovery-aid platform include those with nervous system damage from stroke, MS, tumors, and brain injury due to trauma. It helps sufferers cope with the loss of motor control that often accompanies cases that involve severe nerve damage, in addition to aiding in post-surgical recovery.
Physical therapists now have a new tool to assist them in returning the lives of their patients to normalcy; Performance Health Technologies’ Core:Tx®.
PFMH.OB Keeps Patients’ Interest by Adding in Some Fun to Exercise
Performance Health Technologies, Inc. (PFMH.OB) has put the element of fun into rehabilitation protocols. Rather than using traditional apparatus like weights and elastic bands to perform rehabilitation movements, Performance has developed a proprietary system that turns the rehabilitation into a wireless, game-like challenge.
The Core:Tx® for Professionals has been designed to add an entertainment challenge to the repetitive movements required during rehabilitation. The Core:TX® is built on Performance’s unique MotionTrack™ platform and is available to therapists and healthcare professionals working with patients recovering from neuromuscular conditions such as joint injuries. The system is compatible with any personal computer with the addition of a hardware and software package. The patient’s movements are continually tracked and recorded on the computer, which then transmits visual feedback to the patient. The real-time feedback also assists therapists and healthcare professionals to adjust a rehabilitation protocol based upon a patient’s muscle strength and range of motion.
“Recognizing both the need for therapists to provide more therapy within an increasingly limited frame of time, and clinical research demonstrating that patients suffering from neurological disorders respond well to game-like programs, our medical and computer experts have brought together clinical knowledge, cutting-edge technology and advanced software to create this system,” stated Robert Prunetti, CEO of Performance.
As the number of seniors in the U.S. continues to grow, the Core:Tx® will be able to provide therapists with an efficient and fun way to help older citizens stay fit. “Seniors are enjoying their own video game revolution, using gaming for mental and physical exercise,” according to Stephen Page, PhD, Associate Professor at the University of Cincinnati. “Products like Core:Tx® are not simple games that motivate seniors to exercise, rather concrete rehabilitation tools that keep seniors motivated.”
The market for consumer electronic-based therapeutic products is expected to grow by 20% per year. By 2010, the worldwide market for the products is estimated to reach $4 billion and Performance is poised to meet the growing demand.
“Our engineers work tirelessly to develop the latest tools that will keep our cutting-edge technology relevant and exciting. Future products will include internet enabled software and hardware systems that allow user even more flexibility with their exercise routines, whether rehabbing from an injury or condition, or building strength and coordination,” concluded Prunetti.
PFMH.OB Core:Tx® Wireless System Turns Rehabilitation into a Motivating Experience
Core:Tx® is a patent-pending wireless system built on Performance Health Technologies, Inc.’s innovative MotionTrack™ platform, which is widely used by professional sports teams. The system combines hardware and software operating on a personal computer (PC) along with a small, mouse sized motion-sensing device that can be attached anywhere on a user’s body with adjustable straps. The mouse sized device senses the user’s limb motion relative to their joints and continuously transmits critical information wirelessly to the PC software. The feedback is in real-time and helps keep patients engaged in the therapy routine while simultaneously aiding neuromuscular reeducation and strengthening muscles throughout an adjustable range of motion.
Core:Tx® is specifically designed to enhance existing rehabilitation, preventative and strengthening protocols by making the entire process more efficient. Core:Tx® for Professionals turns rehabilitation into a wireless, game-like experience that bring entertainment and motivation to patients recovering from a variety of neuromuscular conditions as well as joint injuries.
“Seniors are enjoying their own video game revolution, using gaming for mental and physical
Exercise,” said Stephen Page, PhD, Associate Professor at the Departments of Rehabilitation Sciences, the University of Cincinnati. “Increasingly, we hear about stroke survivors using Nintendo’s Wii for rehabilitation. But among all stroke survivors, only about 20 percent regain sufficient finger control that would allow them to extend and flex a single finger and control a button on the Wii. Products like Core:Tx(R) are not simple games that motivate seniors to exercise, rather concrete rehabilitation tools that keep seniors motivated,” he added.
Dr. Prunetti, CEO of Performance Health Technologies, said, “Recognizing both the need for therapists to provide more therapy within an increasingly limited frame of time, and clinical research demonstrating that patients suffering from neurological disorders respond well to game-like programs, our medical and computer experts have brought together clinical knowledge, cutting-edge technology and advanced software to create this system.”
Mr. Prunetti continued. “The market for consumer electronic- based therapeutic and well-being products is expected to grow by 20 percent per year, reaching about $4 billion worldwide by 2010. At PHT, we are always innovating to meet this growing demand. Our engineers work tirelessly to develop the latest tools that will keep our cutting-edge technology relevant and exciting. Future products will include internet enabled software and hardware systems that allow users even more flexibility with their exercise routines, whether rehabbing from an injury or condition, or building strength and coordination.”
PFMH.OB Announces Appointment of Tommy J. Harris to Board of Directors
After the closing bell, Performance Health Technologies announced that it has appointed Tommy J. Harris to its board of directors. Mr. Harris has more than 40 years of extensive operational and financial experience. He holds a CPA certificate and is currently serving as Chief Financial Officer and a member of the Board of Directors for Vigilant Solutions, LLC (Vigilant).
Before joining Vigilant, Mr. Harris served the Associated Press, the world’s largest news organization, as its Senior Vice President and Chief Financial Officer. Other past experiences include serving as Chief Financial Officer and Chief Operating Officer at Remote Management Systems, Inc, and managing general audits and SEC compliance requirements for clients around the globe during his term at Price Waterhouse & Co.
Performance Health Technologies’ Chief Executive Officer Robert D. Prunetti stated, “We are pleased to welcome Tommy Harris to PHT. Tommy brings a wealth of strategic, operational and financial leadership experience which will be invaluable as we continue to execute our growth strategy. His considerable experience as a senior financial executive in a wide range of industries makes him exceptionally qualified to serve PHT’s shareholders as a member of our board.”
Harris commented, “PHT’s Core:Tx® rehabilitation system is an impressive combination of technological innovation, clinical knowledge and understanding of patient needs. I am excited about the company’s potential and pleased to contribute to their continued growth.”
PFMH.OB President and CEO Looking Ahead to Great Success in the Future
The President and CEO of Performance Health Technologies, Inc. (PFMH.OB), Robert D. Prunetti, brings more than twenty years of management expertise, both in the public and private sector. Mr. Prunetti previously served as the company’s executive vice president and director.
Performance Health Technologies is a leading developer of performance evaluation and rehabilitation products that monitor and facilitate exercises and give real-time motivational feedback to patients and physicians. Mr. Prunetti is responsible for all strategic and operational aspects of Performance Health Technologies. A core responsibility lies on guiding the company’s continued growth by focusing on the commercialization of innovative products that improve patients’ care while also reducing associated costs.
Mr. Prunetti relies on leadership, management and policymaking skills that he developed over a public service career spanning more than two decades, culminating with a tenure as Mercer County Executive from 1992-2003. During the twelve years at Mercer, he developed a close relationship with Mercer County’s business community, where he implemented an aggressive program of economic growth, job creation and urban redevelopment aimed at strengthening Mercer County’s economy and revitalizing New Jersey’s capital city.
By working in the public service sector, Mr. Prunetti left a lasting mark through his successful development of the Mercer County Waterfront Park, Sovereign Bank Arena, Mercer County Open Space Preservation Trust Fund, the establishment of a free trade zone and the International Trade Center located at Trenton – Mercer Airport.
PFMH.OB Forms New Partnership that May Make Healthcare Easier
For the past nine years, Performance Health Technology, Inc. has been developing and marketing evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. While the company prides itself on helping others teach and treat themselves, Performance Health has formed a new partnership that may take healthcare to the next level.
Performance Health announced a partnership with the Minnesota based company Logic Product Development to design a next generation Core: TX® rehabilitation device.
The Core:TX® is a computer-based program that utilizes wireless motion-sensing technology designed for neuromuscular re-education. This is a technique used by rehabilitation therapists to restore normal movement in patients with neurological conditions, such as stroke and traumatic brain injury.
Performance CEO Robert Prunetti is very excited about the partnership. Prnuetti said, “We are excited by Logic’s mission to help its clients design, develop, and deliver better products sooner. The market for consumer-electronic-based therapeutic and well-being products is expected to grow by 20 percent per year, reaching about $4 billion worldwide by 2010. We are committed to innovating our products to meet this demand through the convergence of clinical knowledge and cutting-edge technology. We expect our partnership with Logic to help us continue to support these efforts and look forward to a prosperous relationship.”
With the cost of healthcare going up at a rapid pace, Performance Health Technologies and Logic Product Development are providing options to the consumer and teaching people how to help themselves. This partnership is certainly one that investors should keep an eye on.
PFMH.OB to Launch Marketing and Sales Blitz
Today after the bell, Performance Health Techonlogies announced that CEO Robert D. Prunetti joined the company’s sales, marketing and distribution partner, Interactive Metronome (IM), for a two-day sales conference in Fort Lauderdale, Florida. While at the conference, they demonstrated the company’s Core:Tx® rehabilitation technology to gather important feedback, which will be used to launch a marketing and sales initiative planned for the current quarter of this year.
This initiative, cleverly titled “Movement,” will use information gathered from ‘pilot trials’ at rehabilitation centers, in-service training sessions with rehab professionals, and sales presentations to improve sales techniques. Movement will also assist with developing certification courses for Core:Tx®, enhancing software design for easier use, and identifying greater opportunities for sales.
Core:Tx is a unique system that turns rehabilitation therapy into a game-like experience. The wireless system enhances patients’ recovery from neuromuscular conditions by adding an element of entertainment to the repetitive movements. Performance Health Technologies and Interactive Metronome (IM) signed a distribution agreement a year ago to sell and distribute Core:Tx® to a network of over 30,000 physical therapists and leading healthcare institutions, including LifeCare, The Veteran’s Administration, and HealthSouth (NYSE:HLS).
Al Guerra, Vice President of IM, stated, “Over the years, physical and occupational therapists have been searching for new ways to treat neuromuscular deficits. Clinicians have found that patients suffering from neurological disorders respond well to game-like programs because the software and hardware system interfaces with the patient, giving him or her real-time feedback on the position and movement of selected joints. The system engages the patient, while at the same time provides the clinician with valuable objective data on the patient’s performance and abilities. IM believes the qualities of the Core:Tx® system will make the product an invaluable tool for professionals in rehabilitation therapy. ‘Movement’ will begin the adoption process.”
“The conference was informative as well as exciting, given the positive feedback coming from the sales and marketing team,” Robert D. Prunetti, CEO of Performance Health Technologies stated. “The anticipation of our new sales initiative, ‘Movement,’ has created a real buzz, and we believe it will position PHT well to meet its goals for 2009.”
PFMH.OB Providing Alternative Rehabilitation Programs for Stroke Survivors
Performance Health Technologies, Inc. is a developer and marketer of performance evaluation and rehabilitation products that provide in-depth monitoring and guide exercises by using real-time motivational feedback. The company’s versatile proprietary technology platform, MotionTrack™, tracks and monitors movement in real-time, providing instant visual feedback to the user.
Performance Health has developed a revolutionary computer program called Core:Tx®. This computer program provides motivational, therapy-based activities that can be done in one’s home, eliminating numerous trips to the offices of a healthcare professional. By utilizing the patent-pending MotionTrack™ technology, users are guided through a series of pre-set exercises, which stroke survivors, for example, can use as part of the rehabilitation process from the comfort of their own homes. The exercises can be done using the affected arm or leg, and were designed by physical and occupational therapists to help a stroke survivor restore previous strength and range of motion.
As patients perform these exercises, visual feedback and motivational information is relayed back to them via a wireless sensor. Performance Health intends on expanding development and continuing research involving this product line, which will include allowing patients to stay connected with their therapist or fitness professional via the Internet, and enabling them to perform more customized routines.
PFMH.OB is Bringing Benefits to Patients and Medical Professionals with Their Core:TX® Therapy Tool
Over the past nine years, the medical staff and computer experts at Performance Health Technologies, Inc. (PFMH) have collaborated to create an advanced software and medical technology program called MotionTrack™, the company’s versatile proprietary technology platform. This innovative technology is the core of Performance Health’s device and computer software system that tracks and monitors motion and movement in real-time, ultimately providing instant visual feedback to the user and medical professionals.
From MotionTrack came Core:Tx®, a therapy tool that is continuing to gain interest from orthopedic surgeons and neurologists, occupational therapists and physical therapists, as well as speech pathologists. The Core:Tx® medical application is a motion-sensing system that allows users to gain visual feedback on their movements to enhance motor learning and manage muscular re-education. The technology was designed to leverage the unique features of Performance Health’s’ proprietary software and algorithms. MotionTrack combines these algorithms with wireless inertial sensor technology to capture and output human motion data, creating a broad spectrum of potential applications.
The Core:Tx® system for medical professionals is a remarkably versatile therapy tool. It can be used to treat many conditions and injuries where neuromuscular re-education is a primary aspect during the rehabilitation process. The system comes with several straps that can be attached to different joints or muscle groups, such as the hip, knee, ankle, spine, shoulder, and wrist.
Performance Health created Core:Tx® for stroke survivors, and it has a set of pre-calibrated exercises available for the following joint areas and muscle groups; shoulder, elbow, wrist, hip, and ankle. Because the device does not stimulate movement, it is necessary for the stroke survivor to be able to move their affected limb on their own.
For all medical professionals looking for new and exciting technology, Performance Health believes that their Core:Tx® system brings a multitude of benefits. Core:Tx® has the ability to measure and track functional range of motion, and measure the quality of functional motor control. It provides an environment where the patient is cognitively involved, which keeps the user engaged and motivated through many repetitions and numerous exercises. It provides real-time audio and visual feedback that can compensate for a potential lack in other feedback needed for motor learning. Medical professionals will find that it is easy to use, allowing the therapist to stimulate and measure the patient’s ability to perform functional movements.
PFMH.OB Therapy Product Featured by MedStar Television, Inc.
Performance Health Technologies, Inc. (PFMH.OB), an emerging leader in the development of innovative exercise and rehabilitation products, was recently cited in a number of high-profile national news media programs. The company’s proprietary Core:Tx® rehabilitation system is being profiled on a Medstar Advances (http://www.medstar.com) news segment that will be aired until the end of September.
Medstar Television, Inc. is considered the leading source for televised medical health information and news. Medstar employs a staff of award-winning medical journalists and news professionals who prepare innovative programs delivered to worldwide broadcast stations and cable networks. The segment featuring the Performance Health Core:Tx™ has been delivered to over 60 major U.S. and regional television networks.
The Core:Tx® for Professionals is a unique system that turns rehabilitation therapy into a game-like experience. The wireless system enhances patients’ recovery from neuromuscular conditions by adding an element of entertainment to the repetitive movements. Physical therapists and health professionals are able to customize the system to meet the rehabilitation needs of each patient. Some individuals are flexible but lack strength, while others have strength with limited mobility.
Pete Sanzio, a physical therapist at Performance Health, recently stated, “Finding out the right combination of limb control will help you prevent injury and excel at the sport you want to play, as well.”
The Core:Tx® is not only used for rehabilitation efforts but by a number of professional sports teams to prevent injuries and for strength training. A small, soapbar-sized wireless motion sensor can be attached to the user’s body to record individual limb motions and transmit the data back to a personal computer. This real-time feedback assists with neuromuscular training while strengthening muscles through an adjustable series of range-of-motion and effort requirements.
Performance Health’s products have the flexibility to help individuals who require rehabilitation and also those who want to improve their overall health. The market for those seeking to stay fit grows as the issues with healthcare continue to be uncertain. Once consumers learn about the benefits and entertainment value of the home-version of the Core:Tx®, Performance Health Technologies should be able to gain a significant share of the market.
PFMH.OB Brings Relief to Doctors and Patients
More than 20 million people a year take a trip to visit their physician because of knee problems. The knee is the largest joint in the body and one of the most easily injured, according the American Academy of Orthopedic Surgeons. Ligaments and muscles around the joint are vulnerable to a variety of sprains, tears and ruptures. All across the United States doctors, physical therapists, and medical clinicians are always on the lookout for the newest and most innovative rehabilitation tools and programs to help patients improve specific body parts such as the knee.
Performance Health Technologies, Inc. (PFMH.OB) develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. One of the company’s products is the Core:TX®, a patent-pending wireless system built on their advanced MotionTrack™ platform. Core:Tx uses a gyroscope to sense the user’s limb motion relative to the user’s joint and continuously transmits that information wirelessly to the PC software. The software provides motivating and informational feedback to the user via an entertaining, game-like interface.
Physical Therapist Pete Sanzio of Performance Health Technologies uses Core:Tx at his facility. What he has found, applying the wireless system to his patients, gives him a new idea about what exactly is causing pain in many of his patient’s knees, “What we find is the problem is really coming from a bad hip or ankle. The knee hurts because it has to compensate,” he explains. “You can have great mobility but lack strength and get hurt, or you can have super strength and lack flexibility and get hurt.”
At the end of a session, patients are provided with a score which indicates numerous variables concerning their knee. The system is particularly aimed at aiding neuromuscular reeducation while strengthening muscles through an adjustable range of motion. Core:Tx is a versatile tool that is compatible with, and enhances, existing rehabilitative, preventative, and strengthening protocols and equipment that together enable neuromuscular re-education.
PFMH.OB CEO Robert Prunetti Gives Future Insight
We had a chance to sit down with Performance Health Technologies (PFMH.OB) CEO Robert Prunetti, the leader of the New Jersey-based company and a leader in his field. Prunetti is also a leader in the game of life.
Appointed as President and CEO of Performance on March 15th, 2006, Prunetti reengineered the company, launching new marketing and product development strategies and eventually taking the company public.
While a leader in the boardroom, Prunetti is also a standout citizen. In 2003, Prunetti was named citizen of the year by the Greater Mercer County, New Jersey Chamber of Commerce. One of the main reasons for this recognition was Prunetti’s hard work and dedication with the Mercer County Open Space Trust Fund, which protected literally thousands of acres of the state’s natural resources in the area’s pristine natural spaces.
Though confronted with a busy schedule, Prunetti took time to answer questions about Performance Health Technology and its premier product, the Core: Tx®, which is designed to teach stroke victims how to rehabilitate themselves to make their lives, and the lives of their families, easier after enduring the physical difficulties engendered by a stroke.
QS: Please give a brief overview of the Core: Tx®?
Core:Tx® is a computer-based program that uses wireless motion-sensing technology designed for neuromuscular re-education, a technique used by rehabilitation therapists to restore normal movement in patients with orthopedic and neuromuscular impairments resulting from trauma, medical conditions and neurological conditions such as stroke and traumatic brain injury.
QS: Is Performance Health strictly an NJ Company?
While Performance Health Technologies is based in Trenton, N.J., distribution partners like Interactive Metronome, based in Chicago, are helping bring our technology to a large clinical population across the country.
QS: Are there any products by Performance we should be on the lookout for?
Future products will include internet enabled software and hardware systems that allow users even more flexibility with their exercise routines, whether rehabbing from an injury or condition, or building strength and coordination.
Earlier this month, PHT signed an agreement with Minneapolis-based Logic Product Development. Under the agreement, Logic, a product development and manufacturing company, will improve the usability and design of the next-generation Core:Tx® rehabilitation device. The updated version will be significantly smaller and lighter, read movement in multiple directions, and have multi-use capabilities for a more complex exercise program.
The product will also be able to run on Bluetooth technology for greater accuracy and improved signal strength, enabling the Core:Tx® to account for a more peripheral movement. The device is scheduled to be ready for release, along with the next generation of Core:Tx ® software, which is planned to be web-enabled to allow for remote access to the therapy. With this product, patients will be able to remain connected to their physical therapists via the Internet.
QS: Where do you see Performance Health going in the next decade?
The market for consumer-electronic-based therapeutic and well-being products is expected to grow by 20 percent per year, reaching about $4 billion worldwide by 2010. Performance Health Technologies, Inc. is currently leading the way in the development and marketing of innovative products that guide and monitor exercise and rehabilitation. We remain committed to constant innovation of our products through the convergence of clinical knowledge and cutting-edge technology. Markets such as general fitness, sports performance exercise, and corrective exercise are targets for our products.
The future looks bright for Performance Health Technologies. With the leadership of Robert Prunetti and an aggressive business structure, the company is expected to leave its mark on the business world. Recently, Interactive Metronome (IM) debuted the Core: Tx® at their professional conference in Chicago. This may just be one sign of things to come.
PFMH.OB is Serious About Rehabilitation
There are a lot of people in our society who would rather work out alone versus in a gym surrounded by people. For some, it may be that they feel uncoordinated; unable to work the machines or do the aerobic moves. For others, it may be that they feel uncomfortable in their own skin. The developers at Nintendo feel that their “Wii Fit” can assist this niche of individuals get healthier and more active in their own homes. The team at Performance Health Technologies, Inc. (PMFH.OB) feels that their technology provides a much better total body workout than the “Wii Fit” system.
Performance Health’s Core:Tx® is a groundbreaking hardware and software system that interfaces with the patient to provide real-time feedback on body position and joint movement while providing a therapist with objective data on a patient’s ability and level of improvement. Under a therapist’s guidance, the Core:Tx can turn rehabilitation into a wireless, game-like challenge to patients recovering from neuromuscular or joint conditions. Young and old alike can benefit from the game-like quality of the system, while therapists can maximize and reinforce specific motor patterns to strengthen a patient’s deficiencies. Individuals suffering from central nervous system damage, loss of motor control, and joint stability disorders are the patients who benefit the most with the repetitive movement therapy provided by the Core:Tx.
Performance Health has developed Core:Tx for stroke survivors. The home therapy system is designed for recovering stroke patients with specific, easy-to-follow, pre-set exercises. The company plans to enhance the home therapy product line with exercise programs targeting different conditions, along with additional products that will allow patients to stay connected with their therapists via the Internet. The ability to keep in touch with healthcare professionals will allow patients to receive customized at-home routines as their strength and range of movement grows.
The benefits of the Performance Health’s systems are by far more advanced than the Wii Fit. The short games with pre-set movements from the Wii Fit do not provide the specialized movements needed for those requiring physical rehabilitation. The Core:Tx is the answer to those who are serious about getting healthier in the convenience of their own home.
PFMH.OB Brings Relief into the Home
Performance Health Technologies, Inc. is a company that develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. A new product showcased by Performance Health is the Core:Tx Home Therapies.
The Core:Tx is a computer program that was developed for stroke survivors to provide motivation for therapy activities done in the home without the supervision of a healthcare professional. The Core:Tx home stroke therapy program will use the patent pending MotionTrack technology to help guide users through a series of pre-set exercises that can be done using the affected arm or leg without any supervision.
The Core:Tx may be one of the first products to set a trend of allowing patients to help themselves and recover from traumatic physical difficulties in the comfort of their own home while using a desktop or laptop computer.
Performance Health is a New Jersey-based company led by Angela Povia and Dominique Prunetti. Povia is the Marketing Manager for Performance Health. Povia joined the company in June of 2006 after a successful career as a marketing research analyst for the national sales team at the Philadelphia Inquirer and the Philadelphia Daily News.
Dominique Prunetti serves as Performance’s Investor Relations and Operations Manager. One of Prunetti’s duties is to act as a liaison between Performance Health Corporate Office and the company shareholders. Prunetti has a long-term career in finance that includes working for Merrill Lynch, where she was a team leader for the company’s Consults Diversified Portfolio’s product.
With Povia and Prunetti leading the way, Performance Health is bringing unsupervised healthcare into the home to help help themselves.
PFMH.OB Executive Team Brings Unmatched Industry Knowledge
Performance Health Technologies, Inc. (PFMH.OB) is a developer and strategic marketer of performance evaluation and rehabilitation products that monitor and guide exercise by providing real-time feedback. A key to Performance Health’s success is assembling an experienced executive team to bring about advanced software and medical technology that helped create the company’s MotionTrack™ technology.
As the company’s marketing manager, Angela R. Povia is responsible for developing and managing the marketing strategy for Performance Health Technologies, while building new relationships with potential corporate investors and partners. Angela joined Performance Health Technologies in June of 2006. Prior to that, she served as the market research analyst for the national sales team at the Philadelphia Inquirer and Daily News, where she developed sales strategy presentations and proposals for top US companies, including American Express, Cingular Wireless, Bank of America, and Southwest Airlines, to name a few. Her experience in market research is extensive, as she was also the senior research analyst for The Polling Company, Inc., a Washington, D.C.-based, full-service market research firm. She earned a bachelor’s degree in political science from Syracuse University and later received a master’s degree in political management from George Washington University.
Dominique Prunetti Miller serves as the investor relations and operations manager for Performance Health. Dominique is the acting liaison between Performance Health and its shareholders, and works as the corporate secretary. She also contributes her financial knowledge and expertise to the strategic functions of the business. With a well-rounded background in finance, Dominique manages the company’s day-to-day finances, accounting, and bookkeeping. Prior to arriving at Performance Health Technologies, Dominique served as a project consultant for Phoenix Ventures, a full-service business consulting firm, where she advised on financial and insurance matters for individual clients. Her financial career began at Merrill Lynch, where she was team leader for the company’s Consults® Diversified Portfolios product, an outside money-managed account offered through the firm.
Performance Health Technologies’ clinical applications specialist, Peter Sanzio, PT, CSCS, joined the executive team in the fall of 2007. Mr. Sanzio is an accomplished physical therapist and certified strength and conditioning specialist, bringing with him unmatched expertise and experience which contribute to both marketing and product development efforts. He is now responsible for the collaboration of marketing and sales efforts geared towards physical and occupational therapists, as well as providing thorough product and clinical applications testing and leading product development in terms of function and relevance to the therapy and fitness communities. Peter was fortunate enough to own and operate his own practice prior to joining Performance Health, where he sought to combine cutting-edge exercise techniques with time-proven manual therapy treatments to optimize patient outcomes.
PFMH.OB Has a Seasoned Management Team
Performance Health Technologies Inc. (PFMH.OB) develops and markets performance evaluation and rehabilitation products that monitor and guide exercise and give real-time feedback. Over the past nine years, the company’s experts have brought together advanced software and medical technology to create the company’s proprietary MonitorTrack technology.
Performance Health’s quality management team has many seasoned executives. The company’s management team is led by CEO Robert D. Prunetti, CFO James E. Bartolomei, and Medical Director Dr. Gary N. Goldstein, M.D.
Mr. Prunetti was appointed President and CEO of the company on March 15th 2006. He has re-engineered the company, launching new marketing and product development strategies. He has also guided Performance Health to becoming a fully reporting public company. Mr. Prunetti’s prior experience included being a Mercer County executive from 1992 to 2003. Mercer County includes the state capitol of New Jersey. He has also served as president of Phoenix Ventures, a business development and public relations and management consulting firm.
Mr. Bartolomei has served as the company’s CFO and treasurer since September 20, 2006. He is the founding and managing partner of Bartolomei Pucciarelli LLC, a New Jersey accounting firm. He continues to practice, providing accounting, tax, and consulting services to clients. In addition, Mr. Bartolomei performs peer reviews of accounting firms to evaluate their compliance with accounting professional standards.
Dr. Gary N. Goldstein serves in numerous roles in the medical and academic community. He is currently an attending physician at the following institutions: Graduate Hospital in Philadelphia, Virtua Health Care System, Kennedy Memorial Health Care System, the Surgical Center of South Jersey, Summit Surgical Center, the Cherry Hill Surgical Center, and Cooper Medical Center. Dr. Goldstein is board certified in seven medical fields and he is licensed to practice medicine in New Jersey, Pennsylvania, Delaware, Virginia, and Florida.
PFMH.OB and Virtual Rehabilitation
Performance Health Technologies Inc. (PFMH.OB) is a leader in the developing and marketing of innovative products that guide and monitor exercise and rehabilitation. The company’s proprietary MotionTrack technology tracks and monitors motion and movement in real time.
One of Performance Health’s key products is their Core:Tx rehabilitation device. Core:Tx is a computer-based program that uses wireless motion-sensing technology designed for neuromuscular re-education. Neuromuscular re-education is a technique used by rehabilitation therapists to restore normal movements in patients with neuromuscular impairments. This product can be used for stroke and trauma patients as well as for other uses, such as sports injury diagnosis and rehabilitation.
The company’s technology works somewhat like Nintendo’s Wii Fit, in that it is able to track motion. A patient wears a small, wireless sensor near the joint or muscle group being rehabilitated. Software guides the user through an exercise program, measuring their range of motion and providing instant feedback on rehab progress.
Concerning the company’s future, Performance Health’s CEO Robert D Prunetti stated, “The market for consumer electronic-based therapeutic and well-being products is expected to grow by 20% per year, reaching $4 billion by 2010. We are committed to continue innovating to meet this demand through the convergence of clinical knowledge and cutting-edge technology.”
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