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Stereotaxis Signs Agreement With Leading Leasing Specialist to Offer Alternative Financing to Hospital Customers
Date:3/12/2009

Agreement with Relational Technology Solutions Provides Hospitals with Financial Flexibility for their Purchase of Niobe(R) Magnetic Robotic Systems

ST. LOUIS, March 12 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. (Nasdaq: STXS) today announced that it has reached an agreement with Relational Technology Solutions (RTS) that will allow the Company to offer its hospital customers an alternative financing arrangement for their purchase of Stereotaxis Niobe(R) magnetic robotic systems. Under the agreement, hospitals will be able to fund a Niobe purchase through monthly operating lease payments.

"With this agreement with RTS, Stereotaxis is able to offer hospital administrators enhanced financial flexibility in their purchase of a Stereotaxis system," said Mike Kaminski, Stereotaxis President and CEO. "The operating lease arrangement is an attractive alternative which allows customers to match revenue growth in EP with new technology costs. RTS is very well-regarded in the industry, and we are very happy to be working with the firm to provide our customers with financing alternatives."

"Based on Stereotaxis' unique approach to treating coronary-related diseases and established presence in the healthcare market, Relational Technology Solutions is pleased to enter into a formal partnership with such an innovative company," said Jeff Ehlers, Chief Executive Officer at RTS. "In the current economic environment, it's important that hospitals maintain the financial options necessary to acquire innovative medical technologies that not only improve patient care but are also cost effective. RTS looks forward to working with these organizations and creating custom financing solutions, which will enable them to obtain Stereotaxis technology and maintain a competitive advantage." Relational Technology Solutions currently mana
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SOURCE Stereotaxis, Inc.
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