| An SI Board Since June 2000 |
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ELAST TECHNOLOGIES (OTC BB:ESTG.OB)
Company is on the fast track with several high tech. Medical devices.
Market Capitalization $12.9M
Shares Outstanding 7.96M
Float 3.50M
elast.com
ELAST Technologies, Inc., is developing a non-invasive, scientifically proven medical diagnostic tool designed to accurately diagnose allergies, as well as food and chemical sensitivities: the Electronic Allergo-Sensitivity Test Device. [The ELAST Device?]
ELAST Technologies to Merge With Bioelectronics Corp.
LAS VEGAS--(BUSINESS WIRE)--April 14, 2000--ELAST Technologies, Inc., (OTC BB:ESTG - news) www.elast.com announced that it has entered into a merger agreement with Maryland based Bioelectronics Corp. The merger brings together two companies that employ cutting edge electronic technology to address bio-electric medical needs. The potential market for their products, which includes all allergy sufferers and individuals with traumatic injuries, exceeds $11 billion dollars.
Bioelectronics Corp., a privately held research and development company based in Maryland, designs low cost and disposable magnetic field medical devices to accelerate and improve the quality of tissue healing. The Company's first product is its patented Portic Electronic Bandage, an inexpensive, disposable and self-contained radio frequency emitting device that hastens the healing of soft and hard tissue wounds including fresh fractures by 20-30%.
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