Kelyniam Enters Negotiations With MSA Imaging LLC
December 18 2009 - 7:00AM
Marketwired
Kelyniam Global, Inc. (PINKSHEETS: KLYG), announces today that the
company has signed a letter of intent to acquire 15% of the equity
of an MRI facility located in Henderson, Nevada. The MRI facility
is expected to become operational by the end of May, 2010, and
management believes this new facility will begin generating
revenues in the third quarter of 2010.
The transaction is subject to approval by continued due
diligence from Kelyniam's management of the new MRI facility, and
the negotiation of the final documentation between the two parties.
At this time, there can be no assurance this transaction will be
completed on a timely basis, if at all.
If the acquisition does occur, it will add steady revenue and
income flow into Kelyniam's already growing revenue base.
Pursuant to the terms of the letter of intent, Kelyniam will pay
$250,000 ("Purchase Price") for its equity interest in the MRI
facility ("Equity Interest"). In order for the Company to complete
the Equity Investment, it will need to raise the necessary capital
through the sale of Kelyniam's securities, debt, or a combination
thereof, of which there can be no assurance. Pursuant to the terms
of the letter of intent, the company will be required to pay
$250,000 upon the execution of the final purchase agreement.
Additionally, Joseph Delligatti, Kelyniam's new President and Chief
Executive Officer, and Roger Findlay, one of Kelyniam's directors,
both have an equity interest in MSA Imaging, LLC, the manager and
majority owner of the MRI facility.
Kelyniam Global, Inc. recently created a new video describing
some of the company's new and exciting technology. The video can be
watched by going to the company website and selecting the video
icon on the left-hand side of the website.
About Kelyniam Global, Incorporated:
Kelyniam Global, Inc. is a balanced vertically-integrated
multi-industry holding corporation. The company's divisions and
subsidiaries service a vast array of clients across numerous fields
and industries encompassing, but not limited to, dental, medical,
automotive, aerospace, jewelry, nautical and consumer products. The
company specializes in the use of CADCAM technology with recent
developments in the production of high precision replication of
artificial bone implants for medical applications.
Contact: James Ketner Kelyniam Global, Inc. www.kelyniam.com
1-800-280-8192
Kelyniam Global (PK) (USOTC:KLYG)
Historical Stock Chart
From May 2024 to Jun 2024
Kelyniam Global (PK) (USOTC:KLYG)
Historical Stock Chart
From Jun 2023 to Jun 2024