TZMT Form: 10KSB Filing Date: 10/13/2006
Description of New Products
Bio-Patch Sleep Apnea Device
The Company has filed an application with the FDA for approval of a new sleep apnea device based on the Bio-Patch wireless system. Sleep apnea currently affects an estimated 12 to 25 million people in the United States. We anticipate that our new sleep apnea device will be able to assist in the diagnosis of this condition, making it much less intrusive to the patient.
Elderly Patient Wireless Monitoring System
The Company has patented a long-term monitoring device which utilizes the proprietary Bio-Patch design (the “Elderly Patient Wireless Monitor”). The Elderly Patient Wireless Monitor is designed primarily for use by patients in nursing homes and other assisted-living facilities. This product will be used to measure basic biometric data on patients and will also be able to alert staff if a patient has fallen. The patient’s data is relayed to both a PDA and a centralized computer monitor to allow the patient’s caregivers to monitor the patient with greater accuracy and efficiency. The Company anticipates that this product will be available during the beginning of 2006.
Medical Clinics
The Company has identified key personnel who possess expertise in owning, operating and building medical clinics. The Company has decided to build on this expertise, as well as the Company’s prime location in Central Florida, to target the opening of six (6) medical clinics. The Company believes that expanding its current business plan to include the operation of medical clinics may generate positive operating results and a positive cash flow. The Company hopes to create and take advantage of a synergy among the Company’s medical clinics, the Bio-Patch and the pharmaceutical companies and their chosen Clinical Research Organizations.
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