Victhom Human Bionics Inc V.VHB

VICTHOM IS STILL ALIVE

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Victhom says CMS to start reimbursing for Power Knee

2012-08-21 11:34 ET - News Release

Mr. Normand Rivard reports

THE POWER KNEE ACHIEVES IMPORTANT REIMBURSEMENT MILESTONE

Victhom Human Bionics Inc. and Ossur's Power Knee has been accepted into the reimbursement system in the United States, effective as of January, 2013. The allocation of the reimbursement code by the Centers for Medicare & Medicaid Services (CMS) for the Power Knee is a very important milestone and confirms the acceptance of bionic products as the next generation of prosthetics. The reimbursement price has not yet been determined. The allocation of the code is not expected to have any material impact on sales of the Power Knee in 2012.

"This is a major commercial achievement for Ossur as CMS reimbursement is a critical step toward adoption of the Power Knee. Victhom is very proud that its collaboration with Ossur has generated such an exceptional product that will significantly improve the quality of life for above-knee amputees," stated Normand Rivard, president and chief executive officer of Victhom.

Ossur is the world leader in bringing the most innovative prosthetic solutions to market. Developed in partnership with Victhom Human Bionics, the Power Knee is the world's first and only motor-powered, artificially intelligent prosthesis for above-knee amputees that restores lost muscle function and enables amputees to perform normal daily functions without even thinking about their next movement. This breakthrough provides unprecedented stability, safety and confidence for any above-knee amputee.

[stps]

At this rate of expense, Victhom will not be alive for long!!!! see last news below Victhom discloses second quarter 2012 financial results QUEBEC, Aug. 29, 2012 /CNW Telbec/ - Victhom Human Bionics Inc. ("Victhom") (TSXV: VHB) today reported its second quarter 2012 financial results. Mr. Normand Rivard, President and CEO of Victhom, said: "The fact that our partner Ossur

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Financial Situation As of August 29, 2012, the Company has $2,953,904 in cash and cash equivalents. As of August 28, 2012, the number of common shares outstanding totaled 19,297,654 while 117,000 options were outstanding under the stock option plan. The outstanding options are exercisable at a weighted average exercise price of $3.61 per share. As of June 30, 2012, there were no outstanding

[ronz]

Agreed, there is definite value here if the powers that be get off their hineys and do some business moves that show progress, a future, and a plan to take it to the next level.  They have cash, now time to show they have the intelligence to pull it off and then we will see shareholder value. It should be much higher already but a lack of info to the public creates bordom and a lack of

[ronz]

That's right! 15 cents per share on a stand alone basis..... just for what they currently hold in cash and here we sit at an actual 4 cents..... definitely has a lot of room to run! People are crazy to sell at these prices! it could go to 10 cents in a blink of an eye so keep an eye on this!