This is very funny...
Donner Corp. International, an Investment Banking firm headquartered in
Santa Ana, Ca., today issued a Speculative Buy Recommendation and initiated
coverage on PLC Medical Systems, Inc. (Amex: PLC), Franklin, Mass.
SANTA ANA, Calif., May 11 /PRNewswire/ -- The following is being issued by
Donner Corporation International, a member of the National Association of
Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in
Santa Ana, Ca., today issued a Speculative Buy Recommendation and initiated
coverage on PLC Medical Systems, Inc. (Amex: PLC), Franklin, Mass. PLC
Medical Systems has developed an innovative treatment for severe coronary
artery disease.
Donner said "the revolutionary new surgical procedure developed by PLC
Medical Systems, known as CO2 transmyocardial revascularization (TMR), offers
a completely new medical treatment option for patients with severe coronary
artery disease."
"PLC developed the world's first, U.S. Food and Drug
Administration-approved TMR device, a high-powered laser known as The Heart
Laser(TM) System, allowing doctors to perform TMR in the safest manner
possible," Donner said. "It's estimated that more than 80,000 patients
annually in the U.S., who cannot be treated for severe heart disease by
conventional means such as bypass surgery or angioplasty, are candidates for
TMR." Medicare reimbursement for the procedure began in July 1999 and some
private insurance plans have begun reimbursing health care providers for TMR.
PLC was recently honored by Popular Science Magazine with "The Best of
What's New for Science and Technology" award. The Company also is improving
its financial situation, reporting a 104 percent revenue increase and
172 percent increase in product sales for the year ended December 31, 1999,
Donner said.
"The Heart Laser(TM) System is providing treatment for a growing number of
people suffering from coronary artery disease and gaining industry-wide
recognition. With FDA approval and receipt of the CE Mark from the European
Community we believe the significant increase in revenue and sales isthe
beginning of continued growth for PLC," Donner concluded.
Copies of the Donner report on PLC Medical Systems, Inc. are available at
1-800-324-6050.
The information contained herein is based on sources believed to be
reliable but is not guaranteed by this company and is not comprehensive. It
is not to be construed as an offer or the solicitation of an offer to sell or
buy the securities mentioned herein. This company, its members, affiliates,
employees, related accounts may have long or short positions, which could be
substantial, in securities discussed or recommended and may purchase, sell, or
trade these securities from time to time in the open market or otherwise. In
addition, this company may from time to time perform investment banking,
corporate finance, provide services for, and solicit investment banking,
corporate finance or other business from the issuers of such securities for a
fee. The document contained herein stated shall not be copied or reproduced
in any form without the expressed written and authorized consent of Donner
Corp. International.
SOURCE Donner Corp. International
-0- 05/11/2000
/CONTACT: Donner Corp., 800-324-6050/
(PLC)
CO: Donner Corp. International; PLC Medical Systems, Inc.
ST: Massachusetts, California
IN: MTC
SU: RTG
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