HOUSTON, March 11, 2014 (GLOBE NEWSWIRE) -- Spine Pain Management, Inc. (OTCQX:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced its wholly owned Quad Video Halo, Inc. (QVHInc) subsidiary will be exhibiting its latest version of its proprietary Quad Video Halo 3.0™ System (QVH3S) at the American Academy of Orthopedic Surgeons (AAOS) Annual Meeting Convention in New Orleans, March 12-14 at the Morial Convention Center, booth #2739. The AAOS is expecting this year's attendance to exceed 20,000 to include over 3000 foreign representatives. QVHInc will also be exhibiting at two additional trade shows in April.
After almost two years of developing its timely groundbreaking transparency technology for proprietary use in SPIN's own Centers, a modified version has been developed for third party use throughout the Fluoroscopic utilized medical community. This version of the Quad Video Halo was first publicly presented at the Radiological Society of North America (RSNA) Convention in December where the "system" was well received by many attendees. Based on follow-up discussions with several interested major medical device marketing organizations, further modifications were suggested and now implemented in Version 3.0 to make the system more compatible over a larger spectrum of potential users. This latest version will be introduced at AAOS.
William F. Donovan, M.D., CEO of Spine Pain Management, said, "When SPIN first acquired the earliest beta version of QVHS, it was done to enhance SPIN's core business model of providing a transparent record of diagnostic procedures provided by the Company affiliates in personal injury cases involving spine damage. Little was thought at that time about the vast potential of using the QVHS in other third party markets outside of just diagnostics. As word of the QVHS began to get out, we quickly realized that with modifications, this system could be enhanced to a point that it could be compatible and advantageous to be used with the vast majority of the existing and future C-Arm Fluoroscopy units world-wide; both for Transparency in medical use, as well as in medical education programs for learning." Donovan went on to say: "While the further devolvement of the system has been somewhat costly and time consuming, encouragement from medical device marketing organizations and peers alike purporting the huge potential third party market for the system has led management to the decision to aggressively pursue whatever is reasonably necessary to penetrate this very lucrative market worldwide."
About Spine Pain Management, Inc:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website at www.spinepaininc.com.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.
Dr. William F. Donovan Chairman, President & CEO Spine Pain Management, Inc. 713 521-4224