SGLN news
SurgLine International, Inc. to Expand its Trauma Product Line With Completion of Acquisition
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Surgline Intl (QB) (USOTC:SGLN)
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Today : Thursday 17 May 2012
SurgLine International, Inc. (SGLN.PK)
Thomas Toland, CEO of SGLN and SurgLine, Inc. ("SurgLine") stated that the Company has acquired Eden Surgical Technologies, LLC., ("Eden") a Texas Limited Liability Company. Eden is a distributor of trauma products with extensive products focused on this highly profitable sector.
"We are pleased to announce today that we have acquired Eden pursuant to a Share Exchange Agreement (the "Agreement") in exchange of 50 million shares of restricted common stock of SGLN." Toland went on to say, "the acquisition of Eden will substantially expand our line of trauma products while providing the company with pricing which we believe will give us a competitive advantage in the marketplace. We will have immediate access to products that are crucial to our acute care hospital clients in particular. These products include both stainless steel and titanium offerings."
"As we continue to meet the potential demand to significantly lower the cost of trauma related hardware for our clients, this transaction will provide the Company a very compelling and competitive line up of products to achieve our goal of 'More Savings for Your Healthcare Dollar' with additional focus on our trauma hardware line to complement our spinal implant line."
