CTI Redirects Efforts
December 19 2005 - 7:00AM
PR Newswire (US)
OGDEN, Utah, Dec. 19 /PRNewswire-FirstCall/ -- Computerized Thermal
Imaging, Inc. (CTI) (OTC:COIB) (BULLETIN BOARD: COIB) announced
today it has taken a new approach to strategically revitalize its
position in health care infrared imaging. Management believes this
shift has the potential to elevate CTI's role both in the service
and support of health care providers worldwide. Three years ago the
U.S. Food and Drug Administration denied clearance for CTI's BCS
2100 breast cancer diagnostic system. CTI has continued to pursue a
reversal of this decision. However, the financial consequences to
CTI have been difficult. CTI has therefore made a major turn and is
concentrating its current efforts on a different segment of the
healthcare market. During the past year CTI has re-directed its
marketing and sales focus to the CTI Thermal Imaging Processor
(TIP) and the Photonic Stimulator products. "Both devices have FDA
clearances and we believe we are positioned to answer the call for
better physiological infrared imaging technology and therapeutic
treatment of a wide array of medical ailments," stated CEO R.V.
Secord. Better known as the "find it" and "fix it" duo, these
medical device leaders are effective screening and treatment
modalities in worker's compensation, physical therapy and pain
management situations. "CTI remains resolute in its firm commitment
to backing and advancing the Company's medical infrared imaging
services and technologies into 2006 and beyond," said Secord. The
Company currently plans to continue installation of its TIP and
Photonic Stimulator devices and related training in several new
sites beginning January 2006. CTI intends to post additional public
information releases from time to time with details as these new
sites become operational. Appropriate information will also be
posted on CTI's web site http://www.cti-net.com/ . About
Computerized Thermal Imaging, Inc.(TM) Computerized Thermal Imaging
Inc. (OTC:COIB) (BULLETIN BOARD: COIB) is in business to improve
the quality of life through the development and deployment of
thermal imaging and associated technologies. While CTI's infrared
technology has a vast array of existing and potential applications,
its primary focus is in medical and industrial application. CTI
markets two FDA-cleared pain management products, a diagnostic
Thermal Imaging Processor (camera) and an infrared light therapy
device called the Photonic Stimulator. Merry Christmas and a
Prosperous New Year! For more information please contact Pam
Bloedel at or . Additionally CTI can be reached at 801-776-4700.
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are subject to certain risks,
trends and uncertainties that could cause actual results to differ
materially from those projected. Among those risks, trends and
uncertainties are CTI's pending application before the FDA seeking
pre-market approval of CTI's BCS 2100 breast imaging system, CTI's
ability to raise additional capital to fund cash requirements for
future operations and CTI's ability to continue as a going concern.
In particular, careful consideration should be given to cautionary
statements made in the various reports CTI has filed with the
Securities and Exchange Commission. CTI undertakes no duty to
update or revise these forward-looking statements. DATASOURCE:
Computerized Thermal Imaging, Inc. CONTACT: Pam Bloedel of
Computerized Thermal Imaging, Inc., +1-801-776-4700, or Web site:
http://www.cti-net.com/
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