BioDrain Medical Announces Eligibility for Electronic Stock Trading

Jun 29, 2010, 13:44 ET from BioDrain Medical

MINNEAPOLIS, June 29 /PRNewswire-FirstCall/ -- BioDrain Medical (OTC Bulletin Board: BIOR), owner of the FDA cleared Streamway™ hospital fluid management system, announced today that its common stock is now eligible for electronic trading through the Depository Trust Company (DTC).

Investors in BioDrain Medical may contact their brokerage firms to electronically trade BioDrain Medical using the DWAC system to transfer shares between the Depository Trust Company and Corporate Stock Transfer. (DWAC refers to the Deposit Withdrawal at Custodian). BioDrain Medical is also traded on the Over-the-Counter Bulletin Board under the symbol BIOR. The same stock symbol is used for electronic trading.  

The company earlier today released information regarding the availability of a new webcast interview with BioDrain Medical President and Chief Executive Officer Kevin Davidson. BioDrain also announced the initiation of research coverage by The Green Baron Report. The initial report is available at www.TheGreenBaron.com. The webcast is also available on that site under the "webcasts" page.

More information is available at www.biodrainmedical.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Company Contact Information:

BioDrain Medical, Inc.

2060 Centre Pointe Blvd, Suite 7

Mendota Heights, MN 55120

Phone: +1.651.389.4800

Fax: +1.651.379.5024

info@biodrainmedical.com

www.biodrainmedical.com

SOURCE BioDrain Medical



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http://www.biodrainmedical.com