WEST PALM BEACH, Fla.,
May 14, 2012 /PRNewswire/ -- SurgLine
International, Inc. (SGLN.PK)
Thomas Toland, CEO of SGLN and
SurgLine, Inc. ("SurgLine") announced today it has signed an
agreement with MedNPV, LLC ("MedNPV"), a well-established
management company and surgical group operator with business
throughout the state of California. The agreement between the parties
will permit SurgLine to supply its' low cost spinal orthopedic
implants. Based upon MedNPV's current business they are
forecasting up to 40 monthly surgeries.
"We are pleased to announce today that we will be working with a
MedNPV to replace a competitor's higher cost product offering with
our lower priced offering for spinal orthopedic implants," stated
Mr. Toland. "Together, we are focused on delivering
more value for the end users with excellent quality products
with lower costs. Based on the current mix of surgeries, the
three year agreement is expected to generate $100,000 in monthly sales. This agreement
underscores that we are progressing in our business plan and making
significant strides in our market penetration."
"As healthcare costs become increasingly more cost prohibitive
for insurance companies and the self-insured employers, our client
was looking to provide a solution for prospective surgical cost
containment," said Senior Managing Director of MedNPV, I. Shone Clark.
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality
FDA approved medical and surgical products at discount prices,
thereby reducing or eliminating the historical brand premium paid
by healthcare providers including acute care hospitals, surgery
centers, surgical hospital, self-insured employers and insurance
companies. SurgLine offers high quality medical and surgical
supplies and products at substantial savings utilizing stocking
distributors and institutional buyers by sourcing products globally
without the historical brand premium and industry markup.
About SurgLine International, Inc.
SurgLine International, Inc. is a holding company that in
addition to SurgLine, wholly owns Nuvo Solar Energy, Inc., a
development stage company that owns unique patent pending solar and
photovoltaic related technology. The Company is also seeking
other business opportunities.
About MedNPV, LLC
MedNPV provides national healthcare finance solutions by
converting lien-secured receivables to cash in the Workers'
Compensation industry. This process is achieved by purchasing the
accounts receivables at a significant discount of the providers
usual and customary reimbursement rates.
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
For Further Information Contact:
Thomas Toland
949-698-8485
SOURCE SurgLine, Inc.