MINNEAPOLIS, Oct. 19 /PRNewswire-FirstCall/ -- Uroplasty, Inc. (Amex: UPI) announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission in anticipation of a proposed public offering of $10,000,000 (exclusive of over-allotment option) of its common stock.
Craig-Hallum Capital Group and Noble International Investments, Inc will act as underwriters in connection with this proposed public offering. A copy of the prospectus relating to these securities may be obtained, when available, from Craig-Hallum Capital Group, 222 South Sixth Street, Minneapolis, Minnesota 55402.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Uroplasty, Inc., headquartered in Minnetonka, Minnesota, with wholly-owned subsidiaries in The Netherlands and the United Kingdom, is a medical device company that develops, manufactures and markets innovative products for the treatment of voiding dysfunctions. Our primary focus is the commercialization of our Urgent PC(R) system, which we believe is the only FDA-approved non- surgical neurostimulation therapy for the treatment of overactive bladder symptoms. We also offer Macroplastique(R) Implants, a bulking agent for the treatment of urinary incontinence..
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. This press release contains forward-looking statements, which reflect our views regarding future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties, including those identified below, which could cause actual results to differ materially from historical results or those anticipated. The words "aim," "believe," "expect," "anticipate," "intend," "estimate" and other expressions, which indicate future events and trends, identify forward-looking statements. Actual future results and trends may differ materially from historical results or those anticipated depending upon a variety of factors, including, but not limited to: the effect of government regulation, including when and if we receive approval for marketing products in the United States; the impact of international currency fluctuations on our cash flows and operating results; the impact of technological innovation and competition; acceptance of our products by physicians and patients, our historical reliance on a single product for most of our current sales; our ability to commercialize our recently licensed product lines; our intellectual property and the ability to prevent competitors from infringing our rights; the ability to receive third party reimbursement for our products; the results of clinical trials; our continued losses and the possible need to raise additional capital in the future; our ability to manage our international operations; our ability to hire and retain key technical and sales personnel; our dependence on key suppliers; future changes in applicable accounting rules; and volatility in our stock price. We cannot assure that we will successfully raise funds in our proposed public offering. Uroplasty undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.
FOR FURTHER INFORMATION: contact David Kaysen, President and CEO or Medi Jiwani, Vice President, CFO and Treasurer.
5420 Feltl Road
Minnetonka, Minnesota 55343
Tel: 952.426.6140 Fax: 952.426.6199
|SOURCE Uroplasty, Inc.|
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