U.S. Medical, Inc. Successfully Raises More Than $12 Million

Apr 02, 2001, 01:00 ET from U.S. Medical, Inc.

    DENVER, April 2 /PRNewswire/ -- Robert J. Lambrix, chief executive officer
 of U.S. Medical, Inc. -- the world leader in providing new and pre-owned
 capital medical equipment (CME) to hospitals, physicians, dentists and other
 healthcare providers -- announced today that the organization has raised more
 than $12 million in its most recent fund-raising initiative.
     According to Scott P. Carson, president and founder of U.S. Medical, Inc.,
 "This very successful endeavor validates the business model for U.S. Medical
 and the management team in place, and further validates our performance
 overall.  In addition, it accelerates our initiative to lower the cost of
 access to quality health care."
     "This is a huge accomplishment for our organization.  We are delighted to
 announce that this last round of fund raising has been incredibly successful
 in spite of volatile financial markets," added Lambrix.
 
     Founded in June 1996, U.S. Medical, Inc. is the most rapidly growing
 distributor of new and previously owned capital medical equipment to the
 health care practitioner industry in the United States.  The company actively
 sells thousands of types of CME products to thousands of medical practitioners
 throughout North America, and is planning to expand its distribution into
 Europe and Latin America.  U.S. Medical, Inc. is the first CME distributor to
 receive ISO 9002 certification from the International Standards Organization,
 and is also the largest CME distributor to become fully e-commerce enabled via
 its website: www.USMedical.com.
 
     This press release contains "forward-looking statements" within the
 meaning of the Private Securities Litigation Reform Act of 1995.  These
 statements often can be identified by the use of terms such as "may," "will,"
 "expect," "believe," "project," "estimate," or words of similar meaning.
 Readers should not place undue reliance on these forward-looking statements
 and U.S. Medical, Inc will not necessarily update these statements to reflect
 subsequent developments.  In addition, these forward-looking statements are
 subject to risks, uncertainties and important factors that may cause actual
 results to differ materially from those anticipated.  These factors include
 adverse economic conditions, entry of new and stronger competitors, inadequate
 capital, unexpected costs, and failure to capitalize upon access to new
 markets.  Readers should be aware of these factors and others, which may be
 discussed from time to time by U.S. Medical, Inc.
 
 

SOURCE U.S. Medical, Inc.
    DENVER, April 2 /PRNewswire/ -- Robert J. Lambrix, chief executive officer
 of U.S. Medical, Inc. -- the world leader in providing new and pre-owned
 capital medical equipment (CME) to hospitals, physicians, dentists and other
 healthcare providers -- announced today that the organization has raised more
 than $12 million in its most recent fund-raising initiative.
     According to Scott P. Carson, president and founder of U.S. Medical, Inc.,
 "This very successful endeavor validates the business model for U.S. Medical
 and the management team in place, and further validates our performance
 overall.  In addition, it accelerates our initiative to lower the cost of
 access to quality health care."
     "This is a huge accomplishment for our organization.  We are delighted to
 announce that this last round of fund raising has been incredibly successful
 in spite of volatile financial markets," added Lambrix.
 
     Founded in June 1996, U.S. Medical, Inc. is the most rapidly growing
 distributor of new and previously owned capital medical equipment to the
 health care practitioner industry in the United States.  The company actively
 sells thousands of types of CME products to thousands of medical practitioners
 throughout North America, and is planning to expand its distribution into
 Europe and Latin America.  U.S. Medical, Inc. is the first CME distributor to
 receive ISO 9002 certification from the International Standards Organization,
 and is also the largest CME distributor to become fully e-commerce enabled via
 its website: www.USMedical.com.
 
     This press release contains "forward-looking statements" within the
 meaning of the Private Securities Litigation Reform Act of 1995.  These
 statements often can be identified by the use of terms such as "may," "will,"
 "expect," "believe," "project," "estimate," or words of similar meaning.
 Readers should not place undue reliance on these forward-looking statements
 and U.S. Medical, Inc will not necessarily update these statements to reflect
 subsequent developments.  In addition, these forward-looking statements are
 subject to risks, uncertainties and important factors that may cause actual
 results to differ materially from those anticipated.  These factors include
 adverse economic conditions, entry of new and stronger competitors, inadequate
 capital, unexpected costs, and failure to capitalize upon access to new
 markets.  Readers should be aware of these factors and others, which may be
 discussed from time to time by U.S. Medical, Inc.
 
 SOURCE  U.S. Medical, Inc.