|
|
|
|
PRESS RELEASE |
||
|
|
MedChannels Closes Private PlacementLAS VEGAS, NV, Nov. 21, 2006 /PRNewswire-FirstCall/ -- MedChannels, LLC, soon to become a state of Ohio limited liability corporation, announces the over-subscription of a $1 million private placement memorandum. The net proceeds from the sale will be used to tender or redeem outstanding notes, provide working capital and supplement the senior management team."We are very pleased by the market's favorable reception to our debt offering," said John H. Davidson, an Advisory Board Member for MedChannels. "Our recent financial performance and strong reputation in the healthcare markets allowed us to capitalize on the favorable interest rate environment, securing replacement financing well into the future at a lower interest rate." |
|
|
|
MedChannels, with headquarters in Las Vegas, NV, is a leading provider of life science development and commercialization services. Its principal activities are to provide integrated product development and commercial enrichment solutions to the pharmaceutical, biotechnology and medical device industries. The Group operates in three business segments, namely Product Development, Commercialization Services and the Informatics group. The Product Development group is primarily responsible for all phases of pre-clinical and clinical research. The Commercialization Services group is primarily responsible for sales force deployment and strategic marketing services including healthcare policy research and consulting services. The Informatics group is primarily responsible for providing market research solutions and strategic analyses to support healthcare decisions. |
|
|
|
* * * * * * * * * * * * * Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause actual results, performance and expectations to differ materially from anticipated results, performance or expectations. These risks, uncertainties and other factors are discussed in the company's annual report and other documents filed from time to time with the appropriate regulatory agency. http://tbutton.prnewswire.com/prn/b1690X77317545 SOURCE: MedChannels, Inc. Web site: http: //www.medchannels.com CONTACT: John Davidson, Investor Relations of MedChannels, Inc., +1-614-730-1345 * * * * * * * * * * * * * |
|