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SpectraScience Releases Shareholder Newsletter
Date:12/17/2009

SAN DIEGO, Dec. 17 /PRNewswire-FirstCall/ -- SpectraScience, Inc., (OTC Bulletin Board: SCIE) disclosed today that its Chairman and CEO, Jim Hitchin has issued the following letter to shareholders:

As the end of the year approaches, we are pleased to announce that through the recent closing of a $4.3 million round of equity financing, we are undertaking several initiatives critical to ramping our business performance as we head into 2010. We are making key additions to our European sales force. We are increasing our sales and marketing activities and we are working to accelerate studies which will lead to the broader commercialization of our WavSTAT cancer screening platform.

In addition, key opinion leaders in growth markets such as France and Germany have recently placed orders for the WavSTAT. This is an important milestone and validation of our commitment to providing physicians and healthcare organizations with the capability to reduce cancer mortality through more effective and accurate screening, which also reduces time and expense for these procedures. In the healthcare community, preventative care continues to move to the forefront in terms of priority for caregivers and patients alike, and the WavSTAT is uniquely positioned as an adjunctive tool to make a difference.

The WavSTAT is currently FDA and CE Mark approved for colon cancer screening, and it has CE Mark approval for cancer screening. We believe that in addition to higher screening sensitivity, an important differentiation, appeal and value in our optical biopsy technology is the number of other cancers for which this single platform can also be used. Our vision is for clinics and physicians to leverage our technology to identify, at earlier stages, a broad range of cancers in addition to colon and esophageal, such as Inflammatory Bowel Disease (IBD), stomach, pancreatic and even lung cancer. While there is an important human element to healthcare whi
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SOURCE SpectraScience, Inc.
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