BRADENTON, Fla., Feb. 18, 2004 (PRIMEZONE) -- Power3 Medical Products, Inc. (OTCBB:PWRM) announced today that Tim Novak, Chairman and CEO of the Company has been selected to serve on the panel of judges for the 2004 CASE Business Launch Competition.
TIIME, The Institute for the Integration of Management and Engineering at Case Western Reserve University (www.tiime.case.edu), hosts this annual competition designed specifically to address the void in funding that technology start-ups encounter at the prototype and business concept development stage. Winners are provided up to $100,000 seed capital, business development assistance and one year of free incubator space in the BioScience and Technology competition tracts, in addition to mentoring and strategic introductions to the entrepreneurial community. Per Mr. Novak, "These early stage opportunities are where true innovation resides and I look forward to the opportunity to be part of this fantastic entrepreneur program."
Power3 Medical Products, Inc. (which is pronounced "Third Power Medical Products") has a strategic focus to acquire, create and deploy innovative healthcare and bio-tech products and service solutions that clearly enhance the effectiveness, viability and well being of those they serve on a worldwide scale. The Company has recently announced the launch of their merger and acquisition strategy, which may provide some TIIME competition participants with access to public company incubator opportunities early in their development. For additional information please see www.power3medical.com.
About TIIME/CASE Business Launch Competition
Located at Case Western Reserve University, in Cleveland, Ohio, TIIME brings together the resources of the University's Case School of Engineering and Weatherhead School of Management. TIIME is uniquely positioned to help both students and technology-based companies learn how to integrate engineering and management to achieve superior organizational performance. TIIME's mission is to foster the integration of these disciplines through Academic Programs, Technology Transfer, and Scholarly research. The Institute offers a Masters Degree in Engineering and Management manages the $100,000 CASE Business Launch Competition and supports Scholarly Research. TIIME's CASE Business Launch Competition provides up to $100,000 to the winners of the BioScience and Technology Competition Tracks. This competition is designed specifically to address the void in funding technology start-ups encounter at the prototype and business concept development stage.
Safe-Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and factors that are subject to uncertainties, risk and other influences, which are outside the Company's control, and may yield results differing materially from those anticipated.