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Bacterin International Signs LOI to Acquire Assets of Robinson MedSurg LLC
Date:3/18/2011

BELGRADE, Mont., March 18, 2011 /PRNewswire/ -- Bacterin International Holdings, Inc. (NYSE Amex: BONE) ("Bacterin"), a creator and developer of revolutionary bone graft material and anti-infective coatings for medical applications, today announced that it has agreed in terms to acquire Robinson MedSurg LLC, ("RMS"), a medical device distribution company focused primarily on maxillofacial and craniofacial surgery devices.  The proposed transaction will involve an initial exchange of Bacterin common stock valued at $1,000,000 at the closing date, in exchange for all the assets of Robinson MedSurg LLC, including approximately $500,000 of inventory, existing commercial agreements and intellectual property.  In addition, upon the achievement of certain revenue goals by RMS over a two year period, additional Bacterin common stock valued at $1,000,000 may be remitted to RMS.  The letter of intent is subject to final due diligence, the execution of definitive purchase documents and the approval of the Boards of Directors of both companies.

Commenting on the transaction, Guy Cook, chairman and CEO of Bacterin, said, "Dr. Robinson is a highly accomplished surgeon and thought leader in Cranio Maxillo Facial Reconstruction ("CMF") and trauma to the face.  We welcome his expertise to our company.  The CMF market is large with metal sales totaling approximately $277 million annually.  This proposed acquisition will be margin enhancing and importantly leverages our sales force, which will now have additional product to sell into the same call points.  The RMS product has received approval at various marquee hospitals and approved vendor status is anticipated soon in the VA Hospital system."  Mr. Cook added, "It is our plan to expand the RMS distribution through our 60 company sales reps and our 450 independent reps, as well as further enhance
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SOURCE Bacterin International Holdings, Inc.
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