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Posted: DEC 12, 2007
CSMG
Technologies Announces Top Ranked Wall Street Healthcare
Analyst and Portfolio Manager Steven P. Delco Joins
CSMG and Live Tissue Connect Team
Corpus Christi, TX, December 12, 2007 -- CSMG Technologies,
Inc., (OTCBB: CTUM
- News)
President and CEO Donald S. Robbins today announced
that a former top ranked Wall Street healthcare analyst
and portfolio manager, Steven P. Delco of DELCO ADVISORS,
LLC, (www.delcoadvisors.com),
is joining the CSMG and subsidiary, Live Tissue Connect
("LTC"), team as a consultant.
"We are very pleased to have Steven Delco assist
our company along with other high quality professionals
who have already joined us as consultants. Steven has
a stellar reputation and excellent contacts, world-wide,
within the medical industry and with institutional investors.
His primary focus will be to represent LTC to the European
investment community, said Mr. Robbins.
Mr. Delco brings over 25 years of healthcare strategic
marketing, financial and Wall Street experience to LTC.
Delco will assist in raising the awareness of international
institutional investors to LTCs advanced development
in tissue bonding / welding technology.
Delco was principal portfolio manager in Health at
Weiss Peck & Greer/ROBECO. He was also vice president
and the senior biotech analyst at Natexis Bleichroeder
where he led their biotech team. Prior to NB, Steven
created and managed The Fortis Group healthcare research
team as the senior analyst and managing director with
groups reporting to him in Amsterdam, Paris and New
York. He started his Wall Street career at Miller Tabak
+ Co. LLC after founding one of the first biotech investment
newsletters online that gained him recognition on Wall
Street. At MT, he built and headed the biotech research
team.
In 1999, The Carson Group ranked Mr. Delco as the number
one biotech analyst for his stock picking performance
that achieved an annual return of 294%. Prior to Wall
Street, Delco founded a prominent biotech instrumentation
market research firm in 1982 in which he advised and
provided market research to many life science and healthcare
device and instrument companies. He has gained international
recognition and his recommendations have been reported
in the Wall Street Journal, Bloomberg Online and TV,
as well as Reuters and many other US and international
publications. In addition, Steven has had teaching and
research appointments at Sloan-Kettering Institute for
Cancer Research, University of Minnesota, and City University
of New York.
On December 3, 2007, CSMG announced its subsidiary,
LTC, received CE Mark certification for its new VAD.400
RF Generator. CSMG regards the CE Mark as an important
milestone, allowing the generator to be sold in Europe.
This is considered a major step toward launching the
entire VAD-400 handpiece and generator system into the
European markets. Presently CSMG and LTC are evaluating
multiple distribution options, both in the U.S. and
internationally.
About Live Tissue Connect
LTC's surgical tissue bonding / welding device is a
patented platform technology that bonds and reconnects
human soft tissue through fusion, in contrast with conventional
wound closing devices such as sutures, staples, sealant,
or glues. LTC currently holds a total of approximately
40 patents in the U.S., Australia, Canada, European
Union, Ukraine and other countries.
For further information on CSMG Technologies and its
various subsidiaries, please visit our website at www.csmgtechinternational.com.
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This press release may contain forward-looking
information within the meaning of Section 21E of the
Securities Exchange Act of 1934 as amended (the Exchange
Act), including all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of the company, its directors or its officers
with respect to, among other things: (i) the company's
financing plans; (ii) trends affecting the company's
financial condition or results of operations; (iii)
the company's growth strategy and operating strategy;
and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance
and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual
results may differ materially from those projected in
the forward-looking statements as a result of various
factors.
CONTACT:
CSMG Technologies, Inc.
Donald S. Robbins, President and CEO
361-887-7546
or
K. Bruce Jones, 770-955-0409
or
ROI Group Associates, Inc.
Michael Dodge, 212-495-0744
mdodge@roiny.com
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