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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Brotnov who wrote (4556)6/28/2000 8:54:00 AM
From: Pluvia  Respond to of 6039
 
COII AUGUST 1990 MISLEADING PRESS RELEASE $40MM ASIAN DEAL

But this announced $40 million of sales never happened...

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Copyright 1990 Business Wire Inc.
Business Wire

August 29, 1990, Wednesday

DISTRIBUTION: Business Editors

LENGTH: 381 words

HEADLINE: Computerized Thermal Imaging Inc. agrees to $40 million in equipment financing

DATELINE: PORTLAND, Ore.

BODY:
Computerized Thermal Imaging Inc. (CTI, OTC, Bulletin Board: 3COII), a state-of-the-art leader in medical diagnostic computerized thermal imaging technology, Wednesday released an agreement with Asian American Capital, a diversified merchant banking firm, headquartered in Tampa, Fla., to finance $40 million in CTI hospital-placed systems.

American's equipment financing commitment calls for 100 percent of the financing to be paid in cash to CTI upon presentation of a medical facility use agreement and financial approval of the institution by Asian American Capital. CTI management is confident that such involvement by Asian American Capital will implement rapid CTI systems placement in hospitals nationwide and insure the planned financial development of the company.

Asian American's principal operating divisions include financial services (leasing, financial advisory, invesments); healthcare products; and the strategic acquisition of healthcare facilities. Asian American also has a marketing joint venture with Primary Care Services Inc., a Florida corporation whose principal business is to identify medical labs, diagnostic clinics and similar businesses suitable for acquisition.

Computerized thermal imaging is a non-invasive, harmless technique using the body's own infrared energy like a road map to detect abnormalities in human physiology.

CTI's technological innovations, achieved exclusively through agreements with other industry leaders and the State University of New York, Buffalo, include: 1. computer routines in controlled environmental conditions; 2. a mass storage system that will make creation of a central data base possible, connecting hospitals and doctors across the coutry to an information storehouse; and 3. reliable transmission of computerized thermal images by telephone.

By 1992 CTI believes that substantially all hospitals and clinics, as well as 2 percent of all hospital-related physicians, will be users of CTI units.

CTI is headquartered in the Portland, Ore., area.

CONTACT: Computerized Thermal Imaging Inc., Portland
Gaylen Cox, 800/695-6956
by PCL Inc., Salt Lake City
Connie S. Ross, 801/521-7300



To: Bruce A. Brotnov who wrote (4556)6/28/2000 9:02:00 AM
From: Pluvia  Respond to of 6039
 
DECEMBER 3, 1990 COII MISLEADING PR - 9 UNITS PLACED

But these 9 units were never placed, one of these facilities stated "we never agreed to have a unit placed in our facility. We only got one phone call from this company and asked them to provide us with scientific data on their product. I don't recall that they never contacted us again"

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Copyright 1990 Business Wire Inc.
Business Wire

December 3, 1990, Monday

DISTRIBUTION: Business Editors/Medical Writers

LENGTH: 288 words

HEADLINE: Computerized Thermal Imaging announces hospital placement on track

DATELINE: MILWAUKEE

BODY:
Computerized Thermal Imaging (CTI) is under an agreement to deliver a thermal imaging unit to the Milwaukee County General Hospital, a leading pediatric hospital in the country, located in Milwaukee.

Milwaukee County is a 1,200 bed facility which plans to utilize additional termal imaging units before the end of the first year.

CTI, moreover, has verbal agreements from the following medical facilities:

Highland Park Imaging Center (2 units)

University of Chicago (2 units)

Rush Presbyterian Saint Lukes (3 units)

University of Wisconsin (1 unit)


Management believes all of the above verbal agreements should be signed within 30 days.

Each thermal imaging unit sold brings in a minimum of $225,000 in revenue. Once the unit is in, furthermore, the contract (which is locked into for 6 years) provides the medical facility with an average $500 per case, which translates into $600,000 of which CTI receives 25 percent or $150,000 on an annual basis. Management bases this figure on the following conservative estimate.

100 cases per month x 12 months x $500 per case x 25 percent = $150,000

Based on the above verbal agreements, this translates into $3.5 million in the first year, and $2 million thereafter on a residual basis with no increase in case load.

Computerized Thermal Imaging Inc. is the state-of-the-art leader in medical diagnostic computerized thermal imaging technology. Computerized thermal imaging is a non-invasive, harmless technique using the body's own infrared energy like a road map to detect abnormalities in human physiology.

CONTACT: World Financial Network Inc., Los Angeles
Edward S. Rodriguez Mira, 800/245-4605



To: Bruce A. Brotnov who wrote (4556)6/28/2000 9:10:00 AM
From: Pluvia  Read Replies (1) | Respond to of 6039
 
COII MISLEADING APRIL 7, 1992 PR - COII TO SELL 10 UNITS, BUY AND HOSPITAL

But COII never bought this hospital or sold the 10 units...

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Copyright 1992 PR Newswire Association, Inc.
PR Newswire

April 7, 1992, Tuesday

SECTION: Financial News

DISTRIBUTION: TO BUSINESS EDITOR

LENGTH: 336 words

HEADLINE: CTI SIGNS LETTER OF INTENT FOR ACQUISITION AND FINANCING

DATELINE: LAKE OSWEGO, Ore., April 7

BODY:
Computerized Thermal Imaging Inc. (CTI) (OTC Bulletin Board: COII) announced today that it has signed a letter of intent to acquire a medical center facility in Ohio, consisting of a profitable, operating hospital and property. The agreement signed also provides for financing to CTI which will net the company $2.5 million to purchase 10 computerized thermal imaging systems, of which at least one will be placed at the newly acquired medical facility. Escrow and final documents are scheduled to be signed before the end of April, following a review of all pertinent documents and receipt of a Preliminary Title Report.

The value of the hospital and related property is estimated at $8 million which, when confirmed, will qualify CTI to file a Form 10 with the Securities and Exchange Commission (SEC) applying for a listing on the NASDAQ Exchange or another national stock exchange.

David B. Johnston, president and chief executive officer, stated that "The completion of this acquisition and financing will constitute a major breakthrough for CTI, allowing the company to finance the installation of the first 10 systems ordered by hospitals around the country." Johnston further stated, "In addition, having the first installation at a medical facility owned by the company will provide an installed and operating site system for other hospitals to visit and examine results of performance activities, while providing the company with the asset base and operating revenues and profits to expand." Terms of the acquisition were not disclosed.

CTI is the first thermal imaging company to provide an objective diagnostic assessment tool that measures multiple parameters including facile enclosure of thermal features, statistical assessment of temperature distribution in the enclosed domains and the use of temperature gradient profiles used in diagnostic testing. CONTACT: Fran Daniels of Financial Sciences of America, 310-278-4413, for Computerized Thermal Imaging



To: Bruce A. Brotnov who wrote (4556)6/28/2000 9:22:00 AM
From: Pluvia  Respond to of 6039
 
COII OCTOBER 6, 1994 MISLEADING PR - 500 FACILITIES IN CHINA TO GET UNITS

But in reality no facilities in China got COII units

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Copyright 1994 PR Newswire Association, Inc.
PR Newswire

October 6, 1994, Thursday

SECTION: Financial News

DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS

LENGTH: 187 words

HEADLINE: CTI ESTABLISHES A JOINT VENTURE WITH TRISUN MEDICAL AMERICA INC.

BODY:
Computerized Thermal Imaging, Inc. (CTI) (OTC Bulletin Board: COII) announced a venture to bring its advanced computerized thermal imaging technology to the People's Republic of China (PRC). It will form a subsidiary in Hong Kong, TriSun/CTI Asia, Ltd., to be owned jointly by CTI and TriSun Medical America, Inc. TriSun was established by and has been under the direct supervision of the Ministry of Public Health and China National Institute of Hospital Administration of the PRC.

LAKE OSWEGO, Ore., Oct. 6

Over the next five years it is the intent of the venture to install 6000 CTI(TM) Systems in the PRC. The top 500 medical facilities will receive systems within the first two years providing the hub for the additional 5500 installations. Wyse workstations (see: Wall Street Journal 8/19/94 announcement) will be an integral part of each installation as well as the Drexler LaserCard, (Nasdaq: DRXR) allowing CTI to offer its healthcard capable of storing megabytes of information with optical memory for the storage of imaging data. CONTACT: Doug Holt of CTI, 800-695-6956



To: Bruce A. Brotnov who wrote (4556)6/28/2000 9:32:00 AM
From: Pluvia  Respond to of 6039
 
COII NOVEMBER 29, 1994 MISLEADING PR FIRST CHINA UNITS SHIP = 3 BILLION IN COII SALES

but COII never sold a single unit in China

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Copyright 1994 PR Newswire Association, Inc.
PR Newswire

November 29, 1994, Tuesday

SECTION: Financial News

DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS

LENGTH: 272 words

HEADLINE: CTI CONTRACTS DIGITAL EQUIPMENT OF CANADA TO MANAGE 6000-UNIT ORDER FOR CHINA

DATELINE: LAKE OSWEGO, Ore., Nov. 29

BODY:
Computerized Thermal Imaging, Inc. (CTI) (OTC Bulletin Board: COII) announced today that on Nov. 25, Digital Equipment of Canada Limited accepted the position of Paxton Development Inc.'s (Canada) "Prime Contractor." The agreement was finalized between David Johnston, CEO of Computerized Thermal Imaging, Inc., and Dr. Ben Chou, President of TriSun/CTI Asia, Ltd. As the contractor, Digital Equipment of Canada Limited will supply the products and services for the first 6,000 CTI(TM) Systems.

The first units are scheduled to be shipped to China in the first quarter of 1995. It was announced to the shareholders that this endeavor results in $3 billion in sales for the Company. This relationship is expected to be expanded to include an order received for 200,000 remote computer stations as well as the Taiwanese and Japanese markets when opened by TriSun/CTI Asia, Ltd., a joint venture 50% owned by CTI. Specific items of the agreement include:
1) Manufacture the Quantitative Assessment Lab;
2) Supply all DEC related hardware and software as identified;
3) Integrate all components;
4) Assist in negotiations with the Export Development Corporation
of Canada for the project financing;
5) Handle shipping to China;
6) System installation in China;
7) Ongoing maintenance and related instruction.

Computerized Thermal Imaging, Inc. trades on the National Bulletin
Board under the Symbol COII.
CONTACT: Computerized Thermal Imaging, 800-695-6956



To: Bruce A. Brotnov who wrote (4556)6/28/2000 9:48:00 AM
From: Pluvia  Respond to of 6039
 
COII JUNE 20, 1995 MISLEADING PR COII TO PROVIDE 6000 CHINA HOSPITALS, 200,000 REMOTE CLINICS WITH THERMAL IMAGING, FIRST UNIT SHIPS

But in reality, no units were ever sold to anyone in China

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Copyright 1995 PR Newswire Association, Inc.
PR Newswire

June 20, 1995, Tuesday

SECTION: Financial News

DISTRIBUTION: TO BUSINESS EDITOR

LENGTH: 302 words

HEADLINE: COMPUTERIZED THERMAL IMAGING APPOINTS AIR FORCE GENERAL MAJOR RICHARD SECORD TO HEAD CHINA PROJECT

BODY:
Air Force Major General Richard Secord, famed for his role in President Reagan's support of the Nicaraguan Contras, was named to head the giant China project announced last month by three of America's major enterprises.

Under agreement with the Peoples Republic of China, Computerized Thermal Imaging (OTC BULLETIN BOARD: COII) will provide thermal imaging and telemedicine capabilities in 6,000 selected hospitals and in an additional 200,000 remote clinics.

LAKE OSWEGO, Ore., June 20

The first CTI system was shipped today for installation in the Army Hospital in Beijing. The company is also pleased to announce that the first Health Cards have already been deployed in China.

Two of America's business behemoths will play major roles in the build-out:

* EDS Far East, subsidiary of Electronic Data Systems, which had 1994 revenues of about $10 billion and currently handles all computer processing for General Motors Corporation, Blue Cross, Blue Shield and Medicare.

* Fluor Daniel, Inc., the world's largest international engineering/construction firm with $13 billion in global projects in 1994, will manage the project.

In making the announcement of General Secord as a President and the Chief Operating Officer of Computerized Thermal Imaging, Inc., David Johnston, Chairman and CEO of CTI said, "A project of this enormous size and complexity, to bring the latest in medical-care technology to the citizens of the most populous nation in the world, will require the best efforts of an organizational genius. In Major General Secord, a former Deputy Assistant Secretary of Defense with responsibilities for Asia, we have found the right man for this awesome task."

CONTACT: Doug Holt, for Computerized Thermal Imaging, 800-695-6956



To: Bruce A. Brotnov who wrote (4556)6/28/2000 10:00:00 AM
From: Pluvia  Respond to of 6039
 
COII JUNE 22, 1995 ARTICLE REGARDING 6000 CHINA HOSPITALS, 200,000 REMOTE CLINICS,

But in reality no units were ever sold in China, and sales did not show up in the following Quarter's financials as Johnston claimed...

June 22, 1995, Thursday, PM cycle

SECTION: Business News

LENGTH: 341 words

HEADLINE: Former Iran-Contra Figure Working to Revamp China's Health Care

DATELINE: PORTLAND, Ore.

BODY:
Retired Air Force Maj. Gen. Richard Secord, a key figure in the Iran-Contra affair, has been hired by an Oregon company to help computerize China's health-care system.

Computerized Thermal Imaging Inc. of Lake Oswego, Ore., named Secord president for international operations in its venture with Electronic Data Systems and Fluor Daniel Inc. to convert China to a paperless system.

The project involves installation of $ 500,000 thermal imaging systems at 6,000 hospitals throughout China, and installation of smaller $ 85,000 systems at another 200,000 remote clinics.

"For many years, I was in charge of the policy office at the Pentagon that handled foreign military sales," Secord said early today from his hotel in Beijing. "What we're doing here is the flip side."

Chinese patients will be provided with health cards that contain their personal medical histories.

According to Computerized Thermal Imaging, Dallas-based EDS, a subsidiary of General Motors, will integrate the computer systems and transfer the medical data. Fluor Daniel, an international engineering conglomerate based in Irvine, Calif., will manage the project.

Secord said he learned about Computerized Thermal Imaging when he was studying the company as a potential investor.

The company has begun installing card readers under a joint venture contract with the Chinese Ministry of Public Health, said David Johnston, president of Computerized Thermal Imaging. He also was in Beijing.

Computerized Thermal Imaging has no revenues to date, Johnston said, but the China venture should begin showing up in its financial statements in the next quarter.

He said the publicly-traded company expects to gain a NASDAQ listing within the next 150 days.

Secord drew headlines in the Reagan era when he acknowledged working for then-White House aide Oliver North to help arrange arms shipments to Nicaraguan rebels and to the Iranian government.

In 1990, Secord was sentenced to two years on probation for making false statements to congressional investigators.