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Photo Release -- Spine Pain Management Advances QVH Technology(TM) With Med X Change Partnership Agreement(December 02, 2013)
CHICAGO, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Spine Pain Management, Inc. (SPIN), a technology-driven, financial service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced at the 2013 Radiological Society of North America (RSNA) Expo, a partnership distribution agreement with Med X Change, Inc. Med X Change, Inc. is a FDA registered Class I, ISO13485 certified Medical Device Company that produces surgical video recorders for the operating environment.
A photo accompanying this release is available at
This strategic partnership has several advantages, including: advancing the QVH Technology™ (QVH); adding a "state of the art" upstream hardware-software plus iOS iPad/iPhone APP package; Med X Change's 13 years surgical video experience; expanding market reach through new distribution channels; and lending for surgeon credibility integrating into operating room equipment. Med X Change has afforded a private labeling of their EvolutionHD™ Surgical Video Recording system to our QVH Technology. This allows surgeons to leverage off the QVH while integrating the QVH Technology into surgical endoscopic and microscopic operating equipment systems enabling the interface of radiological viewing systems to integrate with video documentation.
The QVH end-user experience is enhanced with superior 1080p HD resolution, advanced video conversion features that productize the system for a more efficient operating room workflow and immediate surgeon access to video files for their choice of view ability. Med X Change is also currently selling their products in neurosurgery and endoscopic surgical markets, into which SPIN has an interest in expanding its QVH Technology.
The addition of the Med X Change EvolutionHD product line will be private-labeled for a seamless look and easy-to-use end user iOS mobile application for secure video access and application connectivity to more efficient workflow operating suites and data cloud services.
"This is an exciting partnership that we are entering into with Spine Pain Management, Inc. that will further help both organizations serve our mutual customers, highlight our strengths and allow our products and services to evolve based on the needs of surgeons and their staffs. Pairing with the Quad Video Halo System is another step in the continued important direction of technology that helps doctors and patients," commented Seth Kardos, President of Med X Change, Inc. (www.MedXChange.com). Kardos went on to say, "Med X Change has been selling surgical video systems for 13 years and we are excited to be able to enhance the Quad Video HALO Technology™ with our most advanced HD Video Surgical Recording System. This Agreement will allow for an optimal surgeon/end user experience in the operating room."
Dr. William F. Donovan, president and CEO of Spine Pain Management, commented, "The EvolutionHD and QVH Technology combination represents a breakthrough in HD Surgical Video Recording Technology and thus allows us to leverage our QVH Technology in proliferating our model into surgical suites throughout the United States. We are very cognizant of the importance of integrating into operating rooms while providing the most value to our end users. After months of researching numerous companies and products, we found the EvolutionHD to be the most integrative, easy-to-use surgical HD recording interface on the market."
Spine Pain Management is currently debuting the Quad Video HALO Technology™ for distribution at the Radiological Society of North America show in Chicago, the world's premier event in medical imaging, Dec 1–6, 2013.
About Spine Pain Management, Inc:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website at www.spinepaininc.com.
About Med X Change, Inc.
Med X Change, Inc. is a FDA registered Medical Device Company that produces Medical Video Recorders for the surgical environment. High Definition Video Recording / Capture is an essential part of today's Operating Room. Surgical Video has a number of uses, including teaching and presentation, Therefore, the quality of the Medical Video is a key element. Focusing on FULL 1080p video recording allows Med X Change to produce the most brilliant 1080p surgical video possible for the users.
The Med X Change HD Surgical Video Recording Systems have a variety of key features specifically designed for Medical Capture; DICOM Integration, Auto Printing to Sony Medical Grade Printers, USB Capture and HIPAA Compliance. Whether the recording system is paired with a surgical microscope, endoscope, headlight or arthroscope; brilliant video and images will be captured.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.
CONTACT: Company/Investor Contact:
Dr. William F. Donovan
Chairman, President & CEO
Spine Pain Management, Inc.
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