Hey Benoit:
Here is the whole release in case you didn't get to read it:
BusinessWire, Wednesday, November 05, 1997 at 11:57
MIAMI--(BUSINESS WIRE)--Nov. 5, 1997--Select Capital Advisors,
the Miami-based investment banking firm for Universal Medical
Systems, Inc. (OTC BB:UMSI) announced Wednesday that it has arranged
for a financing commitment totalling up to $5 million for the
company, of which the first $400,000 has been funded.
Universal Medical is a Clearwater, Fla.-based developer of high
technology medical diagnostic and treatment systems. These funds are
being allocated to support the company's manufacturing and new
product development operations.
Myron A. Baker, President of Universal Medical, stated: "We are
dedicated to building shareholder value through increased sales and
service on our existing product lines as well as through development
of new leading edge products. Our immediate plans include continuing
production of our PVR Update System and CT Simulator System. Select
Capital Advisors represents a strong link to the capital that our
company needs for sustained growth and is an important partner in our
strategic development plans."
Select Capital Advisors is an international financial services
holding company with offices and affiliates worldwide which provides
small to medium sized emerging growth companies with a wide range of
investment banking services including international equity offerings,
structured finance, mergers and acquisitions, venture capital
financing, and bridge loans. Select Capital announced successfully
completed investment banking transactions totalling more than
$493 million for 1996.
According to Select's Chairman, Ronald G. Williams: "Universal
Medical is a strong company with an excellent management team. When
sufficiently capitalized, this company can develop from one with an
enormous potential for growth into the reality of being an industry
leader. Select is proud to be associated with financing the growth
of this company, and we will continue to support its expansion plans."
For further information, contact Lynne Sifford of Select
Corporate Information at 305/856-5668 or Mike Baker of Universal
Medical Systems at 813/535-2022.
CONTACT: Lynne Sifford, 305/856-5668
or
Universal Medical Systems
Mike Baker, 813/535-2022 |
