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:1/22/2015)... Liberty University has received accreditation for its resident ... Council for Accreditation of Counseling & Related Educational Programs ... Counseling & Family Studies , is under the leadership of ... of Behavioral Sciences. Prior to the formation of the new ...
(Date:1/22/2015)... Glendale, AZ (PRWEB) January 22, 2015 Padre ... a long supporter of Pro Player Health Alliance ... with Padre Murphy's in getting everyone, including NFL greats, treated ... one of the leading groups supporting the cause in the ...
(Date:1/22/2015)... AngelWeddingDress, the premier women’s dress supplier, has ... View website of AngelWeddingDress.com to find more ... dresses online for a bridal party. AngelWeddingDress offers a ... them. Its maternity wedding dresses are specially designed for ...
(Date:1/22/2015)... released a new blog post explaining the main features of ... Auto insurance quotes help many drivers find the best coverage ... an agent or visit an agency for price information. These ... http://autocarinsurancebest.com/ . , Every business who relies heavily on transportation ...
(Date:1/22/2015)... Jolla, Calif. (PRWEB) January 22, 2015 ... Assemblymembers Susan Bonilla (D-Concord) and Kristin Olsen (R-Modesto) ... for their leadership in advancing biotechnology, biomedical science, ... Bonilla and Olsen each received the “2014 Life ...
Breaking Medicine News(10 mins):Health News:Liberty University's Resident Master’s Counseling Program Receives CACREP Accreditation 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 3Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3
... a Washington, D.C. patent attorney, today announces the formation of Nevrivy ... pharmaceutical patent law that aims to help businesses, universities and inventors ... , ... WASHINGTON (Business Wire EON) December 16, 2008 -- ...
... gsi interactive Named as Digital Marketing Agency of Record , ... PITTSBURGH, Pa., Dec. 16 GSI Commerce Inc. (Nasdaq: ... solutions, today announced a multiyear extension and expansion of its ... specialty retailer of nutritional supplements. Under the agreement, which ...
... in families , , TUESDAY, Dec. 16 (HealthDay News) -- ... research shows there may be genetic and physiological reasons ... live to 100 and beyond are themselves much less ... and stroke, and even diabetes, researchers found. , But ...
... Re Ltd., the reinsurance unit of White Mountains Insurance Group, Ltd. ... Financial Officer, will retire from full-time work at the end of ... advisor to White Mountains. , , ... the last 7 years Chuck has filled many roles within our ...
... In this tough economy many,Americans are losing their jobs ... health insurance options. Not only can the ... individuals and families, the loss of,health care benefits can ... and,banking crisis, medical bills remain the leading cause of ...
... Dec. 16 /PRNewswire-Asia-FirstCall/ -- Mindray Medical,International Limited (NYSE: ... medical devices worldwide, today announced that it will present ... Francisco on January,12th-15th, 2009. , ... I-Yin Hsu, Mindray,s Chief,Financial Officer, Ronald Ede, Group Vice ...
Cached Medicine News:Health News: Daniel J. Nevrivy, Ph.D., Biotech and Pharmaceutical Patent Attorney, Launches New Law Firm Aimed at Helping Clients Preserve Their Capital 2Health News: Daniel J. Nevrivy, Ph.D., Biotech and Pharmaceutical Patent Attorney, Launches New Law Firm Aimed at Helping Clients Preserve Their Capital 3Health News:GSI Commerce and GNC Corporation Extend E-Commerce Agreement Through 2017 2Health News:GSI Commerce and GNC Corporation Extend E-Commerce Agreement Through 2017 3Health News:Children of Centenarians Face Lower Heart Risks 2Health News:Children of Centenarians Face Lower Heart Risks 3Health News:White Mountains Re Announces Management Changes -- Chokel to Retire and Remain Risk Advisor at WTM 2Health News:White Mountains Re Announces Management Changes -- Chokel to Retire and Remain Risk Advisor at WTM 3Health News:White Mountains Re Announces Management Changes -- Chokel to Retire and Remain Risk Advisor at WTM 4Health News:HealthInsuranceFinders.com Publishes Health Insurance Guide for the Recently Unemployed 2Health News:HealthInsuranceFinders.com Publishes Health Insurance Guide for the Recently Unemployed 3Health News:HealthInsuranceFinders.com Publishes Health Insurance Guide for the Recently Unemployed 4Health News:Mindray Medical to Present at the 27th Annual J.P. Morgan Healthcare Conference 2
(Date:1/23/2015)... For the pharmaceutical industry, marketplace success is tied to how ... of the managed markets function - which is pharma,s interface ... formularies and provider networks play an increasingly large role in ... managed markets leaders must continually identify the optimal resource levels ...
(Date:1/23/2015)... Research and Markets ( http://www.researchandmarkets.com/research/5dh22x/urinary_catheters ) has ... (Indwelling or Foley Catheters, Intermittent Catheters and Male External ... Growth, Trends and Forecast 2014 - 2020" report ... the global market for urinary catheters is experiencing a ...
(Date:1/23/2015)... , Jan. 23, 2015  MedScope ( www.medscope.org ), the ... for a 2015 Connected World magazine Connected ... System (mPERS), that can be used anywhere, anytime. The ... In nominating MedScope, Landon Garner ...
Breaking Medicine Technology:As Payer Influence Rises, Pharmaceutical Companies work to Optimize the Managed Markets Function 2Urinary Catheters Market (Indwelling or Foley Catheters, Intermittent Catheters and Male External or Condom Catheters) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 2Urinary Catheters Market (Indwelling or Foley Catheters, Intermittent Catheters and Male External or Condom Catheters) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 3MedScope Nominated by RacoWireless for Prestigious 2015 Connected World Magazine Connected World Award 2
... Medaxial, the healthcare value communication specialist, today ... Enterprise in recognition of its international trade achievements. ... most prestigious business accolade, bestowed by Her Majesty Queen ... have achieved outstanding results in international trade, innovation or ...
... 20, 2012  In a time of rapid evolution ... their use of technology, applications and workflow. Netsmart ... health and human services organizations nationwide, today announced ... providers deliver accountable, recovery-based care in the increasingly ...
Cached Medicine Technology:Pharmaceutical Industry Service Company Awarded The UK's Most Prestigious Business Accolade in Recognition of Outstanding Achievement in International Trade 2Pharmaceutical Industry Service Company Awarded The UK's Most Prestigious Business Accolade in Recognition of Outstanding Achievement in International Trade 3Netsmart's Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment 2Netsmart's Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment 3Netsmart's Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment 4
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: