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Biotech / Medical : NSIX -- Neuromedical Systems, Inc.

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To: TLWatson59 who wrote (125)1/6/1999 9:12:00 AM
From: TLWatson59  Read Replies (1) of 137
 
Latest News release sounds like they've lost their way:

Wednesday January 6, 7:30 am Eastern Time

Company Press Release

SOURCE: Neuromedical Systems, Inc.

NSI Announces Engagement of Houlihan Lokey as Financial Advisor

UPPER SADDLE RIVER, N.J., Jan. 6 /PRNewswire/ -- Neuromedical Systems, Inc. (NSI) (Nasdaq: NSIX - news) announced that it has engaged Houlihan Lokey Howard & Zukin as financial advisor to the Company. Houlihan Lokey has been retained to assist the Company in identifying and evaluating its strategic alternatives. ''We are excited about Houlihan Lokey joining our team. This is an important step in our continuing efforts to maximize the value of the PapNet® technology,'' said Paul R. Sohmer, M.D., President and CEO of NSI.

Neuromedical Systems, Inc. focuses intelligent vision on medicine. Neuromedical's first product, the PapNet® Testing System, increases the accuracy of cervical screening by displaying potentially abnormal cells for review and analysis by a cytology professional. The Company believes that increasing access to routine screening and the adoption of PapNet testing can reduce the morbidity and mortality associated with cervical cancer.
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