United Health Products, Inc. Initiates Investor Relations
United Health Products, Inc. (OTCQB:
UEEC) announced today that it has engaged Bibicoff + MacInnis, Inc.,
a full service investor relations and strategic planning firm, to
increase investment community awareness of the Company. Bibicoff +
MacInnis will initially concentrate on developing and implementing
communications strategies and programs specifically targeting the retail
brokerage, institutional and investment banking communities.
United Health Products, Inc. is in the process of being reinvigorated.
In October 2011, having faced various challenges in its initial efforts
to market its patent pending aid to blood coagulation, UEEC paused to
regroup. The Company brought in new consultants to determine, 1) if it
had a marketable proprietary product, and 2) if it did, why was it
unsuccessful in its first marketing attempt? While this process was
ongoing UEEC stopped filing its annual and quarterly reports with the
SEC as means of conserving capital.
Having determined to its own satisfaction that it, in fact, had a very
valuable and marketable proprietary product, UEEC has once again begun
the process of informing its shareholders of its current status,
recently having brought its SEC filings current. It is also becoming
active with regard to sales and marketing of HemoStypTM, its
initial product.
HemoStyp is a gauze specifically formulated to aid in the process of
hemostasis (clotting) when positioned on a cut or wound. It works more
quickly than other hemostatic agents. It contains no potentially harmful
chemicals or animal byproducts and is hypoallergenic. Once it has
completed its task, it is readily dissolved by water or saline…a process
that neither disturbs the clotted surface nor encourages re-bleeding.
RECENT ACTIVITIES:
During the period that UEEC was not filing its financials there have
been several notable events:
-
HemoStyp was featured in the January 2013 edition of Dentistry Today.
The article stated that while there are “…other hemostatic agents
available to the dental practitioner, most of them are difficult to
place, difficult to keep in position, and difficult to remove without
disturbing the clotted surface, thereby reinitiating the bleeding.”
HemoStyp avoids all of those issues. “This specifically formulated
gauze produces hemostasis almost instantly when positioned on a cut or
wound.”
-
Clinicians Report®, a 35-year old
dental industry publication, listed HemoStyp among the “Best Products
Evaluated during 2012.”
-
In February 2013, UEEC initiated a beta test for HemoStyp with The
Ryan Network for patients post venipuncture in order to assess
expedited coagulation, ease of use, and patient satisfaction. The
distinguished Ryan Network is a group of not-for-profit, federally
qualified health centers with multiple locations in New York City. As
a result of the successful test, UEEC expects its first order from The
Ryan Network this quarter.
-
In March 2013, United Health Products Inc. was recognized as Vendor
Supplier to The Church of Jesus Christ of Latter Day Saints. United
Health Products has delivered to LDS an initial order of its HemoStyp
Gauze which LDS will incorporate into aid packages for humanitarian
relief and assistance.
-
With input from the dialysis industry, the Company has designed a
product that incorporates its technology and addresses the design
needs and concerns specific to the dialysis and hospital sectors. The
company has commenced efforts to penetrate that market.
ANTICIPATED MILESTONES:
-
Initial orders from
-
The dialysis industry
-
The military
-
The dental industry
-
The international community
-
The Company expects first material revenues in Q3 this year.
Harvey Bibicoff, CEO of Bibicoff + MacInnis, Inc., said, “Many early
stage companies, when faced with the issues that confronted UEEC,
quietly disappear. The major shareholders of UEEC, on the other hand,
believed in its proprietary technology and took the steps necessary to
evaluate and then revitalize the Company. I think that, while it is too
early to draw conclusions regarding ultimate values, UEEC certainly
warrants close scrutiny.”
Dr. Phillip Forman, CEO of United Health Products, stated, "We are
pleased to now be in a position to inform our shareholders and the
investment community of the current and ongoing progress at UEEC. We
believe that Bibicoff + MacInnis have the understanding and experience
to effectively guide us to better communications and market awareness.
We look forward to working with them as we endeavor to build.”
About United Health Products, Inc.
United Health Products, Inc. (UEEC) develops, manufactures, and markets
a patent pending hemostatic gauze, for the healthcare and wound care
sectors. The product, HemoStyp, is derived from regenerated oxidized
cellulose, which is all natural, and designed to absorb exudate/drainage
from superficial wounds and helps control bleeding. UEEC is focused on
ramping up sales in its current markets as well as identifying new
markets and applications for its product. For more information on United
Health Products, Inc. please visit: www.unitedhealthproductsinc.com.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release may contain forward-looking information
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, including statements that include the words "believes,"
"expects," "anticipates" or similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements
of the Company to differ materially from those expressed or implied by
such forward-looking statements.
Copyright Business Wire 2013