HemoSense Signs $8 Million Senior Loan Financing Agreement
07 12월 2006 - 9:00PM
Business Wire
HemoSense, Inc. (AMEX:HEM) today announced that it has signed an $8
million extension in senior loan financing by expanding an existing
growth capital agreement with Lighthouse Capital Partners. The
original loan agreement with Lighthouse Capital Partners was
initiated in early 2004, prior to the Company�s IPO in June 2005.
Under this new financing commitment, HemoSense has drawn down $5
million for working capital purposes. �We have enjoyed a strong
working relationship with Lighthouse Capital Partners, and are
pleased that they maintain confidence in our technology and the
market opportunity,� said Jim Merselis, President and CEO of
HemoSense. �We intend to use this working capital to continue to
expand operations and develop the market for our INRatio� blood
coagulation monitoring system.� About HemoSense HemoSense develops,
manufactures and markets easy-to-use, handheld blood coagulation
systems for monitoring patients taking warfarin. The HemoSense
INRatio system, used by healthcare professionals and patients
themselves, consists of a small monitor and disposable test strips.
It provides accurate and convenient measurement of blood clotting
time, or PT/INR values. Routine measurements of PT/INR are
necessary for the safe and effective management of the patient�s
warfarin dosing. INRatio is sold in the United States and
internationally. For more information, visit www.hemosense.com.
This press release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. Statements in this press release regarding the Company�s
business that are not historical facts may be �forward-looking
statements� that involve risks and uncertainties. Specifically, the
statements regarding the Company�s ability to expand operations and
develop the market for the INRatio system are forward-looking
statements within the meaning of the Safe Harbor. Forward-looking
statements are based on management�s current, preliminary,
expectations and are subject to risks and uncertainties which may
cause the actual results to differ materially from the statements
contained herein. Further information on the Company�s business and
risk factors are detailed in its filings with the Securities and
Exchange Commission, including its Form 10-Q for the quarter ended
June 30, 2006 filed on August 11, 2006. Undue reliance should not
be placed on these forward-looking statements, which speak only as
of the date they are made. The Company undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date they were made,
or to reflect the occurrence of unanticipated events. HemoSense�
and INRatio� are registered trademarks of HemoSense, Inc.
Hemosense (AMEX:HEM)
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Hemosense (AMEX:HEM)
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