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Posted: SEPT 18, 2008
CSMG
Technologies President Purchases 300,000 Shares of Common
Stock
Corpus Christi, TX, September 18, 2008 -- CSMG Technologies,
Inc., (OTCBB: CTGI
- News),
a technology management company, reported Chairman and
President Donald S. Robbins purchased 300,000 common
shares from the Company at $0.625 per share for an aggregate
$187,500, on September 17, 2008. Mr. Robbins direct
ownership of CSMG Technologies, Inc. common shares is
now 2,941,904.
About CSMG Technologies, Inc.
CSMG Technologies, Inc. (OTCBB: CTGI)
together with its subsidiaries, operates as a technology
management company. The company engages in owning, developing,
patenting, managing, licensing, and marketing technologies.
Subsidiary Live Tissue Connect (LTC) provides live
biological tissue bonding technology that focuses on
bonding living soft biological tissue used in surgical
procedures, without the use of sutures, staples, sealants,
or glues. In July 2008, LTC received US FDA 510(k) clearance
to market its VAD System for Duct and Vessel sealing.
In late August 2008 LTC was awarded CE Mark (Conformité
Europèéne) certification clearing the
way for marketing in Europe.
In June 2008, CSMG acquired Carbon Capture Technologies
Inc. which owns a worldwide exclusive license to a composition
and method for use of a novel Carbon Dioxide (CO2) adsorbent.
Researchers at the University of Ottawa developed recyclable
CO2 adsorbents based on surface modified nanoporous
silicas. The materials show fast and reversible high
adsorption capacity, allowing it to be reused repeatedly
in a high throughput periodic cyclic adsorption process.
The adsorbents can be used in both wet and dry environments,
potentially eliminating significant engineering challenges.
The potential uses for the technology include capturing
the bulk of C02 emissions from coal-fired power plants
in order that these greenhouse gasses could be sequestered
and thus reduce the carbon footprint of such facilities,
as well as surgical and mine rescue applications.
CSMG was incorporated in 1992 and is headquartered
in Corpus Christi, Texas.
For further information on CSMG Technologies and its
various subsidiaries, please visit our website at www.csmgtechinternational.com.
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CONTACT:
CSMG Technologies, Inc.
Donald S. Robbins, 361-887-7546
President and CEO
or
K. Bruce Jones, 770-955-0409
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