CEDARHURST, N.Y., July 24, 2003 (PRIMEZONE) -- Consumers Financial Corporation (the "Company") (OTCBB:CFIN) announced today that through its subsidiary, P.E.T. Centers of America, LLC, it has entered into a memorandum of understanding with Dr. Azad K. Anand, M.D., to identify, build and operate P.E.T. scan technology medical centers in the Tri-State area. Dr. Anand is one of New York's leading radiologists and a recognized authority in his field.
Positron Emission Tomography Imaging (P.E.T.) is the fastest growing diagnostic imaging procedure in medicine today. P.E.T. is a sophisticated camera that produces powerful images of the human body's biological functions, rather than anatomy. Therefore, P.E.T. identifies not only the failure of organ systems in disease earlier than most other diagnostic tests, but also identifies the progress of disease and the response to treatment. The low-level radioactivity detected by P.E.T. generates images for diagnosis and treatment. P.E.T. scan results show areas of abnormal glucose metabolism and identify precisely where disease is located, facilitating appropriate medical management based on the findings. Brain disorders, heart disease and most cancers can be identified using P.E.T. imaging.
Concurrently, Consumers Financial Corporation is engaged in final discussions with a sales and marketing group in Ohio. The group has over twenty years of experience with new product introductions, market penetration and account development as it relates to the medical imaging, medical devices, pharmaceutical and radio surgery facilities markets. The group will assist P.E.T. Centers of America by structuring and developing a business model that will enable the Company to create a nationwide network.
Donald J. Hommel, President and CEO of Consumers Financial Corporation stated, "we believe that by capitalizing on P.E.T.'s unique ability to positively impact patient care and significantly reduce treatment costs, Consumers will experience accelerated growth as we strategically align ourselves with the medical community, including HMO's, PPO's and related health insurance corporations."
About Consumers Financial Corporation
Consumers Financial Corporation (Consumers) is a diversified holding company committed to creating shareholder value through growth. The Company focuses on selective medical technologies, real estate and construction management. They are based in Cedarhurst, New York with satellite offices in Chicago, IL and Camp Hill, PA.
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