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Monday, 02/02/2009 5:27:24 PM

Monday, February 02, 2009 5:27:24 PM

Post# of 8201
Greetings Biophriends, I was just poking around the internet and came across this old press release. First time that I had seen an actual revenue estimate for the CSS so I thought I would share it with the new pholks and remind the old timers why they are still here. This was posted in Dec of 2005 (yeah I know lots has changed since then) so the timeline is still possible.

Heres to making it happen!! GO BIPH GO!!
How about an update Management!!

News Release: December 8, 2005

"The agreement enables MYOTECH to direct additional resources into the product research and development process, so that we might bring this important technology to the market in the fastest possible timeframe". The Company believes that the MYOVAD device has the potential to generate $100 million in annual revenue for Biophan beginning in approximately five years.

http://salesandmarketingnetwork.com/news_release.php?pipe=0000ac177000191&ID=2008902

There's even a little tidbit in there for you Sunspotter, regarding the 4.9mm shares originally invested in Myotech.

MYOTECH's obligations are to use the investment from Biophan to fund product development activities and not to make any distribution of the investment to its members.


"A man doesn't know what he knows until he knows what he doesn't know"