Somatic Systems, Inc. Registered With the Department of Defense Contractor Registry
November 20 2008 - 8:30AM
Marketwired
Somatic Systems, Inc. (PINKSHEETS: SMAS) is proud to announce that
it has been registered with the United States Government's Central
Contractor Registration (CCR) as a healthcare service, and assigned
its own commercial identification code by the United States
Department of Defense. The CCR registers all contractors for the
Department of Defense, and CCR registration is a critical
requirement for any vendor to do business with the Department of
Defense.
The Registration is a significant stage in the work for Somatic
Systems to become fully approved providers for the military and
Veterans Affairs, enabling Clinical Somatics treatment of all
active and retired military personnel, family, dependents, and
survivors to be paid for by the military.
The Department of Defense will only conduct business with
vendors registered in the CCR. Furthermore, the CCR in turn serves
as a registry if a vendor wishes to provide services to the Federal
government, enabling Somatic Systems to seek other government
contracts and opportunities.
The CCR is a centralized, single point of entry for the
Department of Defense, and disseminates contractor data to all
federal agencies in service of government ventures. The CCR shares
its information with the SBA and several electronic business
systems. Additionally, portions of the CCR database are open to the
public, and the CCR can be used by both Government and corporate
buyers to identify potential business vendors and service
providers. The CCR also securely provides the military and federal
government agencies with the vendor's data relevant to procurement
and payment.
Somatic Systems' Registration by the Department of Defense and
Federal Government became effective midday yesterday.
AAFES Registration
Earlier this week, Somatic Systems was also listed with the Army
& Air Force Exchange Service (AAFES), an agency of the
Department of Defense charged with providing high quality products
and services affordably. Listing with AAFES means that when there
is a requirement for the categories of health care services that
Somatic Systems provides, AAFES will find Somatic Systems and can
contact them. The AAFES operates more than 3,000 facilities
worldwide, in more than 30 countries, five U.S. territories and 49
states; AAFES revenues last year totaled $9.7 billion.
The Military Chronic Pain Crisis
Somatic Systems has been working to obtain contracts and its
proprietary Clinical Somatics pain-care services for US military
hospitals and the Veterans Administration. In addition to seeking
in-house arrangements at bases and facilities, the company also
announced that it is preparing to rollout multiple clinics at
military base locations throughout the US, to provide easy access
to Clinical Somatics services at a time when the US military is
strongly seeking satisfactory pain treatment solutions such as
Clinical Somatics -- and following a wave of legislation including
the Military Pain Care Act of 2008, which requires the Department
of Defense, Veterans Affairs, and Health and Human Services and the
Surgeon General of the United States to implement and maintain a
pain care initiative in all military health care facilities and for
all active and retired military personnel, dependents, and
survivors.
Nearly 26 million living Americans have served in the military,
and pain is the most common symptom and cause of disability amongst
veterans, with more than 40% of returning service members reporting
musculoskeletal pain-related problems and symptoms. Additionally,
long-term sufferers as well as family members and other dependents
of all ages also face pain and other musculoskeletal problems; and
this population totals over 70 million people, served by the
Veterans Administration. In the face of this, military officials,
medical authorities, and government officials have reported
frustration that the military does not yet have a satisfactory pain
care program in place.
"We are very excited by this accomplishment," stated Somatic
Systems CEO Steven Aronstein. "Only a few weeks after completing
our month of discussions with military officials about providing
our much needed Clinical Somatics pain-care services, we are moving
forward quickly towards our goal of helping the men and women and
families in every US military hospital and VA health facility
across the nation."
About Somatic Systems, Inc.
Somatic Systems is the worldwide center for Clinical
Somatics(TM), the groundbreaking drug-free, non-surgical approach
to pain relief. This proprietary system uses natural, non-invasive
movement techniques -- conducted through one-hour hands-on
sessions, therapeutic exercises classes, and home exercises lasting
as little as 5 minutes a day -- to relieve pain and limitation
resulting from accident, trauma and repetitive stress, including
back pain, knee pain, joint problems, carpal tunnel syndrome, TMJ,
scoliosis, bursitis, sciatica, headaches, tendonitis and more.
Clinical Somatics(TM) also provides performance gains and injury
prevention for casual and professional athletes.
Somatic Systems is pursuing a 3-part growth strategy, consisting
of a nationwide rollout of pain management Somatics Clinics;
increased production and distribution of therapeutic videos, books,
and other retail self-help Somatics Products; and expanded Somatics
Training Programs to supply Clinic practitioners serving medical
and orthopedic professionals and institutional and corporate
programs. The company operates a suite of web sites offering
Somatics information, products, resources, and opportunities, at
www.somatics.org.
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Contact: For more information visit http://www.somatics.org or
contact: Investor Relations 1 877 586-2555
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