Navigation Links
Aduromed Closes Restructuring and Raises $3.8 Million of New Equity Capital
Date:8/6/2008

Aduromed Begins Next Step in Corporate Evolution, Restructuring the Company

and Augmenting its Board and Management Team

BETHEL, Conn., Aug. 6 /PRNewswire-FirstCall/ -- Aduromed Industries, Inc. (OTC Bulletin Board: ADRM) a leading manufacturer of medical waste treatment systems, today announced the closing of its previously announced restructuring plan and the raise of $3.8 million of new equity capital. As part of the restructuring all stakeholders in the Company, including holders of bridge loan notes and preferred stock holders, converted their securities into common stock of the Company and warrants to purchase common stock. New Investors received 271,497,456 shares of common stock and warrants to purchase an additional 235,497,455 shares of common stock at a purchase price of $0.025 for their $3.8 million investment. Existing investors in the Company converted their securities into a total of 137,693,121 shares of common stock and warrants to purchase an additional 173,693,122 shares of common stock at a purchase price of $0.025.

The Company will use the funds for working capital and general corporate purposes and to help implement the Company's new business plan. The Company will have further announcements concerning the new business plan in the near future. As a result of this restructuring, the Company now has 431 million shares outstanding.

As part of the restructuring, Mr. Joseph Esposito was elected as a director and Chairman of the Board of the Company. Mr. Esposito also entered into a new consulting agreement to act as corporate and business development advisor to the Company for an additional three year period. Mr. Esposito brings a broad background of over 30 years of managing the growth and profitability of domestic and international technology companies. For the past two years he has been providing strategic advisory services to growth companies including several of the portfolio companies at Insight Ventur
'/>"/>

SOURCE Aduromed Industries, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Immucor Closes BioArray Acquisition
2. NBTY Closes on Purchase of Leiner Health Products
3. Retired Respironics Chairman Jerry McGinnis and Renal Solutions CEO Pete DeComo Join ALung Technologies Board of Directors; ALung Closes on $1 Million Bridge Financing
4. Oaks Development Group Closes on Second San Antonio Project
5. Memory Pharmaceuticals Closes Second Tranche of Equity Financing with The Stanley Medical Research Institute
6. American Scientific Resources, Inc. Discloses Reviewed Financials
7. Sprinters closest to starter pistol have advantage over those farther away, says study
8. Angioslide Closes US$8.6million Series C Financing
9. 2008 Bank of America Chicago Marathon Registration Closes as Race Reaches 45,000 Participant Capacity
10. Health Plan One Closes $6.5 Million Series A Financing
11. MM2 Group Closes Sale for New Venture in China
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2015)... Red Deer, Alberta (PRWEB) March 27, 2015 ... had, until then, prevented her from working, Monica K. arrived ... day in the mending department quiet, defensive and scared. The ... Employment Placement & Support Services (EPSS) to offer jobs ... it does take patience and a willingness to begin with ...
(Date:3/27/2015)... First Choice Emergency Room opened its ... located 12665 W Lake Houston Pkwy, Houston, Texas and is ... look forward to delivering the highest quality emergency medical care ... of First Choice Emergency Room Summerwood. , To ... to Summer Creek High School at First Choice Emergency Room’s ...
(Date:3/27/2015)... Healthpointe is proud to announce that board-certified ... treating knee and hip joint disorders in practice locations ... and La Mirada. Dr. Stanley Katz specializes in the ... disorders as well as chronic conditions such as arthritis. ... patients back to their normal lives. Many of ...
(Date:3/27/2015)... 2015 The report “CountryFocus Healthcare, ... essential source of information on and analysis of ... Germany’s increasingly elderly population and its associated disease ... In 2013, the elderly accounted for 27.1% of ... Annual Growth Rate (CAGR) of 1.2% to 29.5% ...
(Date:3/27/2015)... According to a recently published report series by ... market in Europe is in decline due to decreasing ... Price decreases are being seen across the entire orthopedic ... total European trauma device market, continued pricing pressure overall ... after year. , “Such price drops are typical ...
Breaking Medicine News(10 mins):Health News:Red Deer Uniforms Shop Celebrates 3rd Year Sewing Hope for the Challenged 2Health News:Red Deer Uniforms Shop Celebrates 3rd Year Sewing Hope for the Challenged 3Health News:First Choice Emergency Room Opens New Facility in Houston, Texas 2Health News:Fellowship-Trained and Board-Certified Orthopedic Surgeon is Now Treating Knee and Hip Joint Disorders in Anaheim, California 2Health News:Fellowship-Trained and Board-Certified Orthopedic Surgeon is Now Treating Knee and Hip Joint Disorders in Anaheim, California 3Health News:Germany Healthcare, Regulatory and Reimbursement Landscape Market Research Report Available at RnRMarketResearch.com 2Health News:Germany Healthcare, Regulatory and Reimbursement Landscape Market Research Report Available at RnRMarketResearch.com 3Health News:Germany Healthcare, Regulatory and Reimbursement Landscape Market Research Report Available at RnRMarketResearch.com 4Health News:Titanium Trauma Treatment Devices in Europe Becoming More Affordable, Decreasing Market Value: Group Purchasing Further Eroding Selling Prices 2Health News:Titanium Trauma Treatment Devices in Europe Becoming More Affordable, Decreasing Market Value: Group Purchasing Further Eroding Selling Prices 3
... prizes of $1 million each for outstanding achievement, announced the ... who donate 10% of their prize money towards 20 Tel ... a ceremony on May 19, 2008, at Tel Aviv University ... Israel, Mr. Shimon Peres. , Accepting the award, Vice President ...
... Minn., Feb. 26 Acuo Technologies, a market,leading ... imaging,industry for archiving, collaboration and migration services, is ... for Imaging,(XDS-I) solution, One of the most ... to,share clinical content. Healthcare IT solutions today must ...
... eWorld Companies, Inc.,(Pink Sheets: EWRL) announced today that ... a long-term strategic alliance with,the Hemophilia Foundation of ... eWorld and HFSC will engage in a series ... advertise,HFSC and its events and activities on its ...
... FRANCISCO, Feb. 26 VIA Pharmaceuticals,Inc. (Nasdaq: VIAP ... for the treatment of cardiovascular disease, announced today that,James ... VIA,will present a company update at the Susquehanna Second ... at 1:30 p.m. ET at the W,Hotel in New ...
... Inc.,(OTC Bulletin Board: EMED), a leading provider of ... healthcare industry,has signed a distribution agreement with Southwood ... product line of MedCom USA.,MedCom,s products offer real-time ... include Credit/Debit, Easy Pay and Check,Guarantee/EFT all delivered ...
... N.J., Feb. 26 You know that the ... young women. Is there a,theoretical basis for exploring ... HPV Vaccination" a 3-part CME Webcast, assesses this,and ... is an online,offering from Sexuality, Reproduction and Menopause ...
Cached Medicine News:Health News:Al Gore, Tom Stoppard and Amos Oz Are 2008 Dan David Prize winners 2Health News:Al Gore, Tom Stoppard and Amos Oz Are 2008 Dan David Prize winners 3Health News:Acuo Technologies(R) Announces a Fully Integrated XDS-I Solution 2Health News:eWorld Companies, Inc. Establishes Strategic Alliance With Hemophilia Foundation of Southern California 2Health News:eWorld Companies, Inc. Establishes Strategic Alliance With Hemophilia Foundation of Southern California 3Health News:MedCom USA Signs Southwood Medical Marketing to Distribute MedCom System 2Health News:MedCom USA Signs Southwood Medical Marketing to Distribute MedCom System 3Health News:MedCom USA Signs Southwood Medical Marketing to Distribute MedCom System 4Health News:Experts Delve Into Issues of HPV Vaccination 2
(Date:3/27/2015)... , March 27, 2015  Delcath Systems, Inc. ... medical device company focused on oncology with an ... liver cancers, announces the reporting of data from ... Hydrochloride for Injection with the Delcath Hepatic Delivery ... presentation at the Society of Surgical Oncology (SSO) ...
(Date:3/26/2015)... 26, 2015 /PRNewswire/ - Pivotal Therapeutics Inc. (OTCQX:PVTTF; CSE:PVO), ("Pivotal" ... focus on Omega-3 therapies for cardiovascular disease and overall ... 763,752 common shares of the Corporation (the "Common Shares"). ... period of December 5 th , 2014 to March ... that is due on or before April 1, 2015. ...
(Date:3/26/2015)... 2015 Cardiologists at Beaumont Hospital, ... commercial implant of a device recently approved by the ... fibrillation. The Watchman Left Atrial Appendage Closure implant is ... to reduce the risk of stroke. Atrial ... more than 5 million Americans. Twenty percent of all ...
Breaking Medicine Technology:Data Highlighting Delcath's Melphalan/HDS Presented At The Society Of Surgical Oncology Annual Meeting 2Data Highlighting Delcath's Melphalan/HDS Presented At The Society Of Surgical Oncology Annual Meeting 3Data Highlighting Delcath's Melphalan/HDS Presented At The Society Of Surgical Oncology Annual Meeting 4Data Highlighting Delcath's Melphalan/HDS Presented At The Society Of Surgical Oncology Annual Meeting 5Pivotal Therapeutics announces payment of interest on outstanding convertible notes 2Beaumont Hospital, Royal Oak among first to offer alternative to blood-thinning medications for atrial fibrillation 2Beaumont Hospital, Royal Oak among first to offer alternative to blood-thinning medications for atrial fibrillation 3
... , MOUNTAIN VIEW, Calif., Dec. 14 Alexza Pharmaceuticals, ... submitted its New Drug Application (NDA) for Staccato® loxapine (AZ-004) ... is an inhalation product candidate being developed for the rapid ... The IND for Staccato loxapine was filed ...
... , DENVER, Dec. 14 Corgenix Medical Corporation (OTC ... diagnostic test kits, and BG Medicine, Inc. (BGM), a ... agreement whereby Corgenix will manufacture BGM Galectin-3 diagnostic products ... BG Medicine. BG Medicine is seeking regulatory clearance in ...
Cached Medicine Technology:Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 2Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 3Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 4Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 5Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 6Corgenix and BG Medicine Announce Supply Agreement for BGM Galectin-3(TM) 2
The OsteoJect Bone Cement Delivery System now offers leading technology to physicians with the first-ever reusable driver. The OsteoJect allows precise delivery of bone cement under active fluoro whi...
... with clinicians for more than a decade ... to patients. With the introduction of the ... simplicity while helping to ensure patient and ... of confidence for surgeons and nurses.,The SURETRANS ...
... Specially designed for rugged use; perfect ... weight and power helps reduce user fatigue. ... designed and placed so that it will ... 6 blade rotations extending blade life by ...
De Soutter supply clean cast removal saws that are low in voltage and contain an integrated extractor system, combining state-of-the-art ergonomics with performance and durability....
Medicine Products: