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FOR IMMEDIATE RELEASE Pico-Tesla expands into the Complementary and Alternative Medicine (CAM) market Announces new subsidiary Magneceutical Health™ to focus on this Opportunity CLEARWATER, FL., Oct. 10, 2011- Pico-Tesla, The Magneceutical® Company, announced today that it has expanded the application of its Magneceutical® Therapy to the Complementary and Alternative Medicine (CAM) marketplace, with the creation of a wholly owned subsidiary Magneceutical Health™. The CAM market is a huge opportunity for our technology. According to the National Institute of Health (NIH, 2008) , in the United States over $34 billion is spent in this arena every year (cash spend, no medicare or health insurance reimbursement), and involves 354 million office visits to Healthcare providers. “We are excited about beginning the commercialization of our technology” said Allen Braswell, CEO of Pico-Tesla, “We have a platform that helps people without the use of drugs, surgery, or pain. And an unmet need that involves millions of people whose healthcare issues are not being fully addressed with current standards of care.” “The Magnesphere™, our new system for the CAM market, will be ready to ship in November 2011. Importantly, we’ve incorporated the needs of not only the Patients, but also the Healthcare Providers. They can offer this novel, non invasive alternative to their Patients, and can break even with only One Treatment a day, so financially the System makes a big impact on their Profits and Cash Flow.” Pico-Tesla’s Magneceutical® Therapy involves the use of an extremely low-level electromagnetic field (EMF) applied by a specially designed device—the Magnesphere™. Privately held Pico-Tesla Magnetic Therapies and its subsidiary Magneceutical Health™ is an emerging medical technology company with operations at: 4700 140th Avenue North, Suite #101, Clearwater, FL 33762 (727) 474-3722; and, 27780 Novi Road, Suite 101, Novi, MI 48377 (248) 773-8969. |
4700 140th Ave. N., Suite 101 • Clearwater, FL 33762 • 727-474-3722 |
