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Gold/Mining/Energy : PYNG Technologies
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To: Jack Rayfield who wrote (3198)1/26/1999 11:18:00 PM
From: m. jacobs  Read Replies (1) of 8117
 
Dear Andre, Thank you for your version of the AGM. I fully understand that after a two hour meeting, without the benefit of a recorder, how you could misunderstand some of the lengthy answers. One thing though that has truly stood out over the last few months is that we have achieved what we set out to do. Conventional I.V. methods have been used for fifty years and the record on the use of this system is clear.It was Pyng Technologies goal to develop a system that could change the statistics on this process and improve upon it to the point that all shock and trauma victims would have a chance for vascular access, which is not the case today with conventional methods..
It takes 3to7 minutes to establish an I.V. in shock and trauma victims and it is 80 percent successful. which means thatI.V. has a 20 percent failure rate. The FAST 1, after over 100 uses in the field is fully capable of providing central line vascular access in 60 seconds and we are achieving a 95 percent success rate when conventional I.V. methods fail.
I will be providing a fully detailed news release on the latest reports from the field along with a military update and investor relations and marketing approaches for the near future.
Andre,thanks again for your view and I will attempt to provide clear answers to as many of the posed questions as reasonable in the next release as well as provide my view of the AGM. Thanks Michael
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