Navigation Links
mBeach Software Inc. to Acquire a Controlling Interest in IRIS Marketing Ltd.
Date:12/14/2011

TEL AVIV, Israel, Dec 14, 2011 /PRNewswire/ -- mBeach Software Inc. ("MBHS") (MBHS.PK), the holding company for Skin Cancer Scanning Ltd. (SCS) announced today that on Dec. 13, 2011 it entered into a binding Memorandum of Understanding (MOU) to acquire 51% of IRIS Marketing Ltd., an Israeli company, that has developed global markets in Central Africa and India. The de facto merger of IRIS Marketing with mBeach, when concluded, will diversify mBeach line of activities to R&D and ongoing commercial marketing. These two lines of activities will create stable ongoing revenue which will counteract the R&D high risk and high potential which characterizes all development programs, thereby growing the share and company value and at the same time providing more security and comfort for mBeach shareholders in their investment.

Under the MOU, MBHS will acquire 51% of IRIS, partly by investing no less than $2.8 million in IRIS and partly by issuing new MBHS shares to IRIS shareholders in exchange for a portion of their shares in IRIS. The MOU is contingent upon funding, limited in time and is subject to a definitive agreement.

MBHS's CEO, Mr. Joseph Biderman, Col (ret.) stated, "We feel that the acquisition of a controlling interest in IRIS will greatly increase shareholder value. We believe that IRIS, as a conservative standard well managed trading company, with strong potential to succeed in global markets, based on mBeach public exposure, will place mBeach on a more solid financial base. We expect the merger to bring together complementary visions about innovation, market growth and further diversification of mBeach activities."

About SCS

Skin Cancer Scanning Ltd. (SCS) is a medical device company pioneering the development and commercialization of a revolutionary and proprietary imaging system for the early detection and diagnosis of skin cancer.

Our product, SkinScan 650, is a non-invasive, point-of-care (in the doctor's office) system to detect and identify different kinds of skin nevi, tumors, lesions and cancers. SkinScan 650 enables physicians to diagnose skin cancer at an earlier, more curable stage. This will reduce the number of biopsies, lower treatment costs, and improve quality of life.

For more information on SCS, visit www.scs-med.com.

About IRIS

IRIS Ltd., is an Israeli company, operating in developed global markets in Central Africa and India and is marketing and distributing products in communication fields, electronic equipment, infrastructure and textile components.

Forward Looking Statements

This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of SCS' products, the market demand for these products and the proprietary protections SCS will obtain with regard to the technology, the expected market growth of IRIS ,all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand ,or procure the needed finances. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.


'/>"/>
SOURCE mBeach Software Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. RealTime Medical to Feature Industry-Leading Cross-Platform, Automated Shared Workflow and Dynamic Workflow Assignment Software at RSNA 2011
2. Allocate Softwares Healthroster Selected by Austin Radiological Association
3. Baxa Corporation Bolsters Patient Safety With ExactaMix® Compounder Software Upgrade
4. Molecular Devices, LLC Introduces SoftMax Pro® 6 Microplate Data Acquisition and Analysis Software With Powerful New Data Analysis and Reporting Features
5. Apelon Announces Availability of New TermManager® Software
6. TRACE Launches Leading Edge Anti-Bribery Compliance Software
7. MetaMorph® NX Software Module From Molecular Devices Sheds New Light on Multidimensional Datasets From the Inside Out
8. Cloud-Based Medical Software Company Kareo Attracts $10 Million Investment Led by Greenspring Associates
9. ChemoMetec and De Novo Software to Co-market NucleoCounter® NC-3000™ and FCS Express 4 Image Cytometry Software
10. Sysmex Announces Newest Version of Clinical Laboratory Management Software
11. Visual Healthcare to Supply Enabling Technology for Home Care Consortium Software and Support Revenues to Reach $17 M in Phase One
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... OAKLAND, N.J. , June 24, 2016 /PRNewswire/ ... in the design, development and manufacturing of collagen ... and regeneration announced today that Bill Messer ... Sales and Marketing to further leverage the growing ... surgery medical devices. Bill joins the ...
(Date:6/24/2016)... Va. , June 24, 2016 The ... set of recommendations that would allow biopharmaceutical ... (HCEI) with entities that make formulary and coverage decisions, ... the "value" of new medicines. The recommendations ... does not appear on the drug label, a prohibition ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ., ... developing innovative inhaled drugs, announced today that it was ... Investments reconstituted its comprehensive set of U.S. and ... "This is an important milestone for Pulmatrix," said Chief ... shareholder awareness of our progress in developing drugs for ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now ... of Final Cut Pro X," said Christina Austin - CEO of Pixel Film Studios. ... Final Cut Pro X users can now reveal the media of their split ...
(Date:6/27/2016)... , ... June 27, 2016 ... ... the patient payment industry today announced its strategic partnership with Connance, a ... workflows. , The two companies’ proven, proprietary technology combine to provide health ...
(Date:6/27/2016)... Park, KS (PRWEB) , ... June 27, 2016 , ... ... in retailers of Eyeglasses . , Millions of individuals in the United States ... eyeglasses have become a way to both correct vision and make a fashion statement. ...
(Date:6/26/2016)... ... 2016 , ... On June 10-11, 2016, A Forever Recovery, a holistic treatment ... Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is located. This ... of the world’s leading providers of cereal and other breakfast foods. Its residents often ...
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements ... was developed to enhance the health of felines. The formula is all-natural and is ... herbs in the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus ...
Breaking Medicine News(10 mins):