VitalCare Diabetes Treatment Centers, Inc. (Pink Sheets:VDTI), in an ongoing effort of updating shareholders and continued public disclosure, is pleased to announce the following accomplishments to date:
CARSON CITY, Nev. (Business Wire EON) May 22, 2008 --
VitalCare Diabetes Treatment Centers, Inc. (Pink Sheets:VDTI),
in an ongoing effort of updating shareholders and continued public
disclosure, is pleased to announce the following accomplishments to date:
1. The Company has retained an SEC qualified auditing firm, Corso &
Company, to begin auditing its financials in an effort to initiate the
steps to apply for listing on the OTCBB, to finalize market maker
representation, and to register its securities and become a fully
reporting company.
2. The Board of Directors passed a resolution to reduce the total
authorized shares of common stock from two billion (2,000,000,000) to
two hundred fifty million (250,000,000) shares.
3. The Company announced that the FDA approval (called allowance to
market) exists for the micro-dose pulsatile insulin infusion pump, used
exclusively by all licensed healthcare specialists, at all VitalCare
Diabetes Treatment Centers and affiliate locations who are certified to
perform Intracellular Activation Therapy (iCAT) treatment for Type 1 and
Type 2 diabetes.
4. The Company completed an acquisition of the Inpulse Center of
Scottsdale, AZ, an operational diabetes clinic currently treating
patients with Type 1 and Type 2 diabetes using the iCAT Therapy protocol.
5. The Company is pursuing its Midwest expansion strategy by executing
Letters of Intent for two locations in the state of Indiana, in
affiliation with Certified Wound Care Centers of Indiana and an
agreement with South Valley Inpulse Center, LLC, an existing Diabetes
Treatment Center in Draper, Utah. The centers will be administering the
iCAT Treatment for secondary medical complications of Type 1 and Type 2
diabetes patients.
6. The Company is now offering additional licenses in select markets to
qualified physicians and healthcare providers to establish affiliate
locations under a “sub-licensing”
agreement for VitalCare Diabetes Treatment Centers.
7. The Company has recruited Tristan V. Voth-Stonger, MD as Executive
Vice President and Chief Medical Officer. Dr. Voth-Stonger is a Board
Certified Plastic and Reconstructive Surgeon who specializes in
reconstructive surgery and has extensive experience in treating
difficult to heal wounds at his wound care center locations. We believe
that his experience in the area of wound care management and
incorporating the iCAT Therapy protocol will enhance the patient
outcomes of planned Diabetes Treatment Centers as well as enable the
Company to market directly to the medical community, physician to
physician.
8. The Company has begun a special “Ask the
Doctor” talk radio programming schedule,
featuring Marc Rose, MD, President of the Company, to educate the public
on the services provided by VitalCare Diabetes Treatment Centers and
affiliates. Each week, Dr. Marc Rose is interviewed on a local or
nationally syndicated radio talk show about iCAT Therapy and its
benefits. The first completed “Ask the Doctor”
radio program was on the Topic: “FDA Approved
Diabetes Breakthrough” and was live on WOCA-AM
1370 out of Gainesville-Ocala, FL which occurred on Wednesday, May 28,
2008 at 8:00am PST/11:00am EST, hosted by Larry Whitler and Robin
MacBlane; website www.woca.com.
About VitalCare Diabetes Treatment Centers, Inc.
VitalCare Diabetes Treatment Centers, Inc. is a company specializing in
providing Administrative, Marketing, Business Development, Strategic
Planning, Clinical Oversight and Clinical Management Services to the
Diabetes Healthcare Sector, with an emphasis in bringing "Cutting Edge"
medical devices and healthcare services direct to consumers, focusing on
an emerging FDA approved, US and European Patented technology and
treatment intervention for treating Type 1 and Type 2 Diabetes known as
"Intracellular Activation Therapy (iCAT)." The World Health Organization
(WHO) estimates that more than 180 million people worldwide have
diabetes. This number is likely to more than double by 2030 with
diabetes related deaths projected to increase by more than 50% in the
next 10 years without urgent action. The US Center for Disease Control
2005 National Diabetes Fact Sheet reports the total prevalence of
Diabetes in the US for all ages is 20.8 million of which 14.6 million
are diagnosed and 6.2 million are undiagnosed.
Safe Harbor Statement: Forward-looking statements in this release
with respect to VitalCare Diabetes Treatment Centers, Inc.'s business,
financial condition and results of operations, as well as matters of
timing and the prospective terms of the transaction described are
subject to risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements, including, but not limited to, certain delays beyond
VitalCare Diabetes Treatment Centers, Inc.'s control with respect to
market acceptance of their technology and/or products, whether financing
will be available, the effect of the application of acquisition
accounting policies as well as certain other risk factors which are and
may be detailed from time to time in VitalCare's filings with the
Securities and Exchange Commission.
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