IMI International Medical Innovations Retains New York-Based Investor Relations Firm
August 31 2004 - 9:45AM
PR Newswire (US)
IMI International Medical Innovations Retains New York-Based
Investor Relations Firm TORONTO, Aug. 31 /PRNewswire-FirstCall/ --
IMI International Medical Innovations Inc. (TSX: IMI, Amex: IME), a
leader in predictive medicine, has engaged The Investor Relations
Group, Inc. (IRG), based in New York City, to serve as its
financial relations and corporate communications company. IRG will
strive to increase investor awareness of IMI within the U.S. market
by individually and personally introducing IMI and its management
to pre-qualified fund managers. IRG will also focus on increasing
public awareness of IMI and its non-invasive tests for the early
detection of life-threatening diseases, by providing an extensive
array of public relations services, including obtaining media
placement in television, radio, magazine, newspaper and trade media
outlets. "Commercialization of IMI's first product, PREVU(x)
Coronary Heart Disease Predictor, is advancing, and we are building
strong momentum with our portfolio of cancer detection tests," said
Dr. Brent Norton, President and CEO of IMI. "In line with this
progress, management is focused on maximizing shareholder value. A
key component of this effort will be to increase investor and
public awareness of IMI's growth potential and unique platform of
non-invasive, predictive tests for early-stage heart disease and
colorectal, lung and breast cancers. We look forward to working
with the IRG team to achieve this goal." In the future, all U.S.
investor inquiries relating to IMI should be directed to The
Investor Relations Group, New York, N.Y., Telephone: 212.825.3210,
Fax: 212.825.3229, Email: . About IMI IMI is a world leader in
predictive medicine, dedicated to developing rapid, non-invasive
tests for the early detection of life-threatening diseases. IMI's
cardiovascular products, which are branded as PREVU(x) Coronary
Heart Disease Predictor, will be marketed and distributed worldwide
by McNeil Consumer Healthcare. The Company's cancer tests include
ColorectAlert(TM), LungAlert(TM) and a breast cancer test. IMI's
head office is located in Toronto, and its research and product
development facility is at McMaster University in Hamilton,
Ontario. For further information, please visit
http://www.imimedical.com/. About The Investor Relations Group The
Investor Relations Group, Inc., (IRG) founded in 1996, represents
select publicly traded companies, with a unique specialization for
assisting those in the small-cap sector. IRG arranges one-on-one
meetings for its portfolio companies with pre-qualified money
managers handling investment portfolios that range from $10 million
to $10 billion+ selected from its proprietary contact base of over
33,000 qualified fund managers who have an investing history in
small cap stocks. IRG is a full-service corporate communications
company offering services for its portfolio companies that include
writing all press releases and shareholder communications and
serving as primary contact for the investing community. IRG also
houses a full-service public relations arm that specializes in
building awareness of its companies within the financial and trade
media, as well as the public at large. For further information,
please visit the company's website at
http://www.investorrelationsgroup.com/ This release contains
forward-looking statements that reflect the company's current
expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual events could
differ materially from those projected herein and depend on a
number of factors including, but not limited to, changing market
conditions, successful and timely completion of clinical studies,
uncertainties related to the regulatory approval process,
establishment of corporate alliances and other risks detailed from
time to time in the company's quarterly, annual and other regular
filings. DATASOURCE: IMI International Medical Innovations Inc.
CONTACT: Company Contact: Sarah Borg-Olivier, Director,
Communications, IMI International Medical Innovations Inc., (416)
222-3449; Investor Relations Contact: Jane Lin/John Nesbett, The
Investor Relations Group, (212) 825-3210
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