FRANKLIN, Mass., Feb. 9 /PRNewswire-FirstCall/ -- Echo Therapeutics, Inc. (OTC Bulletin Board: ECTE), a company developing the needle-free Symphony™ tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system and the Prelude™ SkinPrep System for transdermal drug delivery, announced today that Patrick T. Mooney, M.D., the Company's Chairman and CEO, will be interviewed on "Steve Crowley's American Scene National Radio" on Tuesday, February 9, 2010 at 9:34 AM ET and Thursday, February 11, 2010 at 10:24 AM ET. Dr. Mooney also will be a regular on-air guest on American Scene twice weekly and will be interviewed by host Steve Crowley regarding relevant corporate events, news releases and updates.
Steve Crowley's American Scene National Radio, owned by the Money Channel Inc., airs for three hours daily Monday through Friday. Money Channel also produces a national weekly television program, WallStreetCast, which airs on the FOX Business Network during certain times of the year. American Scene was launched nationally in June 1990, and WallStreetCast has been produced since 2005. Both programs feature personal finance advice, stock market-related news and advice, and they include regular CEO interviews of Micro-cap and Small-cap companies. American Scene has over 3,000,000 listeners on the three-hour daily radio broadcasts and airs on hundreds of radio channels nation-wide through the IRN/USA Radio Network affiliates.
"We had the pleasure of being interviewed by Steve Crowley, a Wall Street legend, on his American Scene radio program last month and sharing our exciting story with his listeners," commented Dr. Mooney. "We are pleased to again join his popular program to provide listeners with an update on the progress of the product development completion on our Prelude SkinPrep System, the progress of our commercialization strategy and again discuss our market opportunities. The final Prelude device will be tested in the near-term in a study using LMX4 lidocaine cream which should form the basis for the 510-k filing with Ferndale Pharma Group for the enhanced delivery of lidocaine. We believe the addressable market for enhanced, fast acting topical lidocaine exceeds $1 billion. The timing of this interview is fortuitous as we believe we are at an inflection point with our completed product development, our FDA approval process and the beginning of the manufacturing scale-up for validation and product launch, setting the stage for a listing on a national exchange during 2010. We are working with Ferndale Pharma Group to generate cash flow to Echo from the topical anesthetic market in the US and UK during 2010 and we expect to begin generating revenue during 2010."
About Echo Therapeutics
Echo is developing the Symphony tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system for patients with diabetes and for use in hospital critical care units. Echo is also developing its needle-free Prelude SkinPrep System for transdermal drug delivery of a wide range of novel topical reformulations of widely-used, FDA-approved products.
About Money Channel Inc.
The Money Channel Inc. is headquartered in Coconut Creek, Florida and has operated as a Media Company since 2004, and its CEO, Stephen Crowley is a former Price Waterhouse and Co. CPA-Manager, the former Money Editor of ABC's Good Morning America as well as the author of Money for Life, published by Simon & Schuster Inc.
Mr. Crowley and his team have produced more than 9,000 national Radio and Television programs since 1982 in markets ranging from New York to San Diego and from Seattle to Miami. American Scene Radio is also co-branded with Investors Business Daily at www.investors.com/americanscene and with "thestreet.com" founded by Jim Cramer.
Cautionary Statement Regarding Forward Looking Statements
The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, risks related to regulatory approvals and the success of Echo's and its partners' ongoing studies, including the efficacy of the Symphony tCGM System and Prelude SkinPrep System, the failure of future development and preliminary marketing efforts related to the Symphony tCGM System and Prelude SkinPrep System, Echo's ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Echo's ability to develop, market and sell diagnostic and transdermal drug delivery products based on its skin permeation platform technologies, including the Symphony tCGM System and Prelude SkinPrep System, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to the Symphony tCGM System and the Prelude SkinPrep System. These and other risks and uncertainties are identified and described in more detail in Echo's filings with the Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K for the year ended December 31, 2008, its quarterly reports on Form 10-Q, and its current reports on Form 8-K. Echo Therapeutics, Inc. undertakes no obligation to publicly update or revise any forward-looking statements.
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