ARVO Meeting Yields Positive Results for Paradigm
May 20 2010 - 6:39AM
Marketwired
Paradigm Medical Industries, Inc. (PINKSHEETS: PDMI) announced
today that attendance at the recent Association for Research in
Vision and Ophthalmology (ARVO) meeting, held in Ft. Lauderdale,
Florida from May 2-5, 2010 exceeded expectations. "The ARVO meeting
was an excellent opportunity for Paradigm to continue to develop
cooperative professional relationships and introduce the Paramax, a
new device currently under FDA review pursuant to a 510(k)
application. The meeting also resulted in several new product
development opportunities," said Stephen Davis, the Company's
President and CEO.
The ARVO Meeting was attended by Mr. Davis and Julio Maximo, the
Company's Vice President of Operations. Although the meeting format
is not generally considered a "selling" meeting, Paradigm actually
sold over $125,000 of its equipment. The Company also received many
leads that might result in future sales of its equipment.
During the time spent in Ft. Lauderdale, Mr. Davis met with new
product developers, development engineers, financial partners and
many physicians who represent leadership roles in the ophthalmic
industry. "I am pleased with the results of the time spent with
companies and individuals at the meeting, but I am more pleased
with the renewed interest in our current and new products. This
meeting will definitely help put Paradigm Medical back on the map,"
added Mr. Davis.
About Paradigm Medical Industries,
Inc.
Paradigm Medical Industries, Inc. is a medical device company
that develops, manufactures and distributes ophthalmic diagnostic
instruments and related products for early detection of glaucoma
and other eye disorders. The Company's primary objective is to
capture a niche market within the glaucoma and ultrasound
microscopy fields. The Company markets its products to
ophthalmologists, optometrists, universities, and clinics
throughout the United States and internationally.
This press release contains statements that, if not verifiable
historic fact, may be viewed as forward-looking statements that
could predict future events and outcomes with respect to Paradigm
and its business. The predictions embodied in these statements will
involve risk and uncertainties and, accordingly, actual results may
differ significantly from the results discussed or implied in such
forward-looking statements.
Contact: Stephen L. Davis President and Chief Executive Officer
801-977-8970 www.paradigm-medical.com
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