Universal Medical Systems, Inc. (OTC:BB:UMSI)) recently announced that
Sands Brothers & Co., Ltd., a Member of New York Stock Exchange, Inc.,
Universal's investment banker, through Capstone & Company, LLC, a New
York based merchant banking company, has arranged a commitment of up to
$8 million for purchase order financing for Universal's CT Simulator
systems.
Myron A. Baker, Chairman & CEO of Universal, stated: ``This purchase
order financing will enable Universal to obtain additional orders for
our CT Simulator systems. An equally important consideration is that
working capital targeted for the introduction of new generation medical
systems, or for acquisitions, will not have to be used for processing
orders.''
Universal's CT Simulator is a fully integrated radiotherapy imaging and
simulation system, which uses three-dimensional imaging and a laser
guided marking system to assist physicians in planning radiation
treatment for cancer patients. Universal has installed over thirty CT
Simulator systems world- wide. Each CT Simulator system sells for
between $450,000 and $800,000. Baker also announced that Universal is
expanding its marketing activities for the CT Simulator and other
Universal medical products, particularly in Europe and South America.
Investor Relations Contact: Myron A. Baker of Universal Medical Systems,
813-535-2022, or fax, 813-536-9707
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International Meta Systems, Inc. (OTC:BB:IMES) recently announced that
it has completed the design of a Meta 6000 test chip and the foundry
partner has received the results tape.
The test chip design includes functional units covering integer
execution, multimedia, data cache, IO ring, clocking controls, custom
library circuits, etc. These units represent a substantial portion of
the planned Meta 6000 product. Tape out of this chip is a significant
development milestone for the Meta 6000 product, an X86-compatible
microprocessor designed for Socket-7 applications like Intel's MMX(TM)
class Pentium(TM) processors.
This test chip validates the Meta 6000 design through physical
implementation of key custom circuits. "This achievement is direct
evidence of our ability to develop custom circuits using advanced tools
and illustrates the exceptional talents of the IMS team," stated Scott
Hilker, the lead engineer on the Meta 6000 production team in Austin,
Texas.
"The Meta 6000 test chip is a tangible result of the successful joint
effort of IMS, our foundry partner and Cadence Design Systems. All
three organizations worked together effectively to reach this
milestone," stated Dr. Lee Hoevel, President of International Meta
Systems. |
