CRDENTIA CORP. (CRDT)

[QualityStocks]

CRDT Announces Final Closing of Equity Financing

Crdentia announced that it has completed the second and final closing of its private placement equity offering which brought the total capital raised to $6,000,000. The financing will be used as working capital and for strategic initiatives, in addition to financing the Company’s recent acquisitions of ATS Health Services and Medical People Healthcare Services, Inc.

John Kaiser, CEO, stated, “I am pleased to announce the completion of this additional equity financing, which enables us to pursue our strategic growth plans of establishing Crdentia as a leading full-service supplier of healthcare staffing throughout the Sun Belt region.

He concluded, “The capital raised helped to finance our recent acquisitions that have transformed Crdentia into a substantially larger company, both in terms of revenue and our geographical service footprint. With the completion of this financing, we are also pleased to welcome new institutional investors to our growing base of shareholders.”