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The BioFusionary Corporation, Inc. Announces Intent To Complete Reverse Takeover Of Australia-Based Continuation Investments Limited
Date:7/29/2014

WHEAT RIDGE, Colo., July 29, 2014 /PRNewswire/ -- The BioFusionary Corporation, Inc. (TBC), a medical technology company focused on developing a proprietary electromagnetic induction platform with aesthetic and surgical applications, today announced it entered into an agreement under which TBC will merge with Australia-based Continuation Investments Limited (COT) in an all-stock transaction.

Upon completion of the transaction, the Company will initially trade on the Australian Stock Exchange under the code COT. Concurrent with the execution of the agreement, COT will conduct a minimum $A5.0 million capital fund raise. Proceeds will be used to manufacture and market TBC's flagship product, the BioFusionary Bebe™, in the U.S. The Company's operations will remain in the U.S.

The BioFusionary Bebe received 510(K) clearance from the U.S. Food and Drug Administration (FDA) on 10 March 2014. The device uses high frequency electromagnetic induction (EMI) to generate deep heat within body tissues and is indicated for the treatment of medical conditions such as relief of pain, muscle spasms and joint contractures.

The BioFusionary Bebe is a non-invasive system intended for use in medical settings. Evidence suggests that the device creates heat in the dermal plane, a one-to-four mm thin layer of tissue rich in collagen structural fibers. TBC scientists believe the heat and subsequent cooling cause collagen and other tissue proteins to re-associate and entangle, which appears as tightening and improved appearance of the skin surface. In clinical studies, the initial tightening occurred almost immediately with continued improvement weeks later.

TBC recently entered into a manufacturing agreement with a U.S.-based specialty medical device manufacturer to produce the BioFusionary Bebe. The Company will focus on a targeted local launch in select U.S. cities in the fall of 2014 prior to a
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SOURCE The BioFusionary Corporation, Inc.
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