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Modern Mobility Aids, Inc. Secures Financing to Close Acquisition Agreement of LumiGene Technologies
Date:11/23/2011

sample/point-of-care DNA diagnostic markets, LumiGene expects to address the current needs that are in high demand by healthcare professionals worldwide.

"It is refreshing to see that our vision for MDRM is supported so well by FCIC, who are truly industry professionals that understand the impact of what MDRM is undertaking, and we see nothing but positive results as we continue to flesh out our strategy," Mohamed K. Karatella, President and CEO for MDRM, stated.  He went on to state that: "Our finalization of the LumiGene acquisition solidifies LumiGene's ongoing pursuit to be the first to market with a greatly needed new technology that we expect will be in high demand.  We look forward to working with the talented team at LumiGene."

About Modern Mobility Aids, Inc.

Modern Mobility Aids, Inc. has recently revamped its corporate infrastructure and now plans to direct its focus and energies on the multibillion dollar pharmaceutical and biotechnology industries. Through the formation of their new business model, the Company expects to implement an aggressive campaign in order to seek out and research companies from early developmental stages to mezzanine levels in the research and development, manufacturing and distribution markets, within the pharmaceutical and biotechnology industry. The Company is confident that strategic acquisitions and first stage investments will play a pivotal role in the Company's success in building a successful global entity.

The closing of this transaction is subject to various conditions including but not limited to the satisfactory completion of due diligence within 60 days. For more information pertaining to the specifics of the Definitive Agreement including the structure of the acquisition, please see the Company's most recent Current  Report on Form 8-K  which was recently filed with the U.S. Securities and Exchange Commission.

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SOURCE Modern Mobility Aids, Inc.
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