March 15, 2011
BioDrain Medical, Inc. Retains CFSG1 as Its U.S. Investor Relations Firm
MINNEAPOLIS, March 15, 2011 /PRNewswire/ -- BioDrain Medical, Inc. (OTC Bulletin Board: BIOR), producer of the FDA cleared Streamway(TM) System for automated surgical fluid disposal, announced today that it has retained Consulting for Strategic Growth 1 ("CFSG1") as its U.S. Investor Relations representative. Stan Wunderlich, Chairman and CEO of CFSG1, and his team will immediately initiate a proactive Investor Relations campaign in order to drive investor awareness of BioDrain's proprietary surgical fluid management system that virtually eliminates operating room workers' exposure to blood, irrigation fluid and the related germs, viruses and diseases that are potentially found in the surgical environment.
"We are very excited to work with CFSG1 to enhance our visibility to the investment community as we introduce our game-changing product to the market," said Kevin Davidson, President of BioDrain Medical. "In addition, we are entering a very exciting stage in the Company's development as more hospitals recognize the financial, environmental and operational benefits of our system and we are very pleased to have a partner with extensive experience in bringing early-stage public companies to the forefront of the U.S. investment community."
Stan Wunderlich, commented, "BioDrain has already established itself as a competitive player within the fluid management system arena. The Company's patented system makes the operating room and our environment, safer, cleaner, and better. BioDrain products are currently being represented by independent professional sales representatives that cater to the needs of hospitals and ambulatory surgical centers across the country. Wall Street will be learning more about their core businesses and continued progress."
CFSG1 has decades of hands-on corporate development experience combined with broad personal outreach in the private equity market and Wall Street broker/dealer communities. In the rapidly changing world of corporate finance, CFSG1 is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and foreign. In addition to U.S. clients, the company's portfolio has included businesses based in such countries as China, South Africa, Canada, and India. CFSG1's long-term relations with investment bankers and private equity investors allow it to quickly position its clients in front of the decision makers, market makers and gatekeepers of the financial world.
About BioDrain Medical, Inc.
BioDrain Medical, Inc. has a fully automated, patented, FDA cleared, surgical fluid management system that virtually eliminates operating room workers' exposure to blood, irrigation fluid and the related germs, viruses and diseases that are potentially found in the surgical environment. Today's manual surgical fluid handling methods of hand-carrying filled surgical fluid canisters and emptying these canisters is an exposure risk and an antiquated approach to the handling of surgical fluid waste. BioDrain's Streamway(TM) system fully automates the collection, measurement and disposal of surgical fluids resulting in: 1) reducing overhead costs to hospitals and surgical centers, 2) improving the Occupational State and Health Association (OSHA) and other regulatory compliance, and 3) improving the efficiency of the operating room (and thereby making surgeries more profitable).
BioDrain's Streamway System is eco-friendly as it contributes to cleaning up the environment. Currently, approximately 50 million bloody, potentially disease infected, canisters go to landfills annually in the United States. These tainted canisters can remain in landfills for years to come. With the installation of BioDrain's Streamway system, the number of canisters can be significantly reduced. BioDrain Medical, Inc. makes the operating room and our environment safer, cleaner, and better. BioDrain products are currently being represented by independent professional sales representatives that cater to the needs of hospitals and ambulatory surgical centers across the country. Learn more about BioDrain Medical, Inc. by visiting www.biodrainmedical.com.
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SOURCE BioDrain Medical, Inc.