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Phoenix, Arizona(Newsfile Corp. July 1, 2020) The Stock Day Podcast welcomed SANUWAVE Health, Inc. (OTCQB: SNWV) (the Company), a shockwave technology company initially focused on the development and commercialization of patented noninvasive, biological response activating devices for the repair and regeneration of skin, musculoskeletal tissue and vascular structures. CEO of the Company, Kevin Richardson, joined Stock Day host Everett Jolly.
Jolly began the interview by commenting on a recent press release detailing the Companys intent to acquire Celularitys UltraMIST Ultrasound Healing Therapy asset, which will also include exclusive partnership rights for Celularitys wound care biologic products. Celularity is a biological company based in New Jersey, said Richardson. It really expands our footprint and our size dramatically, he continued. Were going to go from a hundred locations to over a thousand, said Richardson, adding that the Company will also be expanding their sales force and the number of products in their portfolio. It transforms the company dramatically.
Richardson also shared that the acquisition will bring the Company closer to uplisting to the NASDAQ and will help with their international expansion. It accelerates our growth trajectory as a company, and it also brings us to profitability immediately, said Richardson, noting that the acquisition should close in July.
The conversation then turned to the Companys challenges during the COVID-19 pandemic. COVID has definitely slowed down our ability to place devices in new hospitals, said Richardson. So, our focus internally has been on driving revenue per existing site, he explained. Richardson also shared that the Company is now able to deliver their wound care solution, dermaPACE, in a home setting.
He then explained that the Company recently announced the successful filing of a patent for the use of shockwaves as a treatment for numerous respiratory conditions, including COVID-19, and has applied for additional grants to research the use of shockwaves in respiratory ailments.
Has COVID-19 affected your business? asked Jolly. It has. There is clearly an impact at the wound centers, but we havent been impacted as greatly as some other industries, said Richardson. Were still seeing treatments growing and were focused on the revenue and treatments per wound center, he explained.
Jolly then asked for an update on the Companys international strategy. Richardson shared that Italy and South Korea represent the Companys two biggest markets. They happen to be impacted dramatically by COVID, but wounds dont go away, said Richardson, adding that the Company has continued to experience a demand for their products in these areas despite the challenges of the pandemic. Across the board, all of our international distributors are seeing an increase, said Richardson. He also discussed the Companys progress with their expansion into South America and the Middle East.
To close the interview, Richardson expressed his confidence in the transformative potential of the Celularity acquisition. Were going to set ourselves up so that we can move to a NASDAQ listing eventually, said Richardson. Were really in this transformative phase, he added. This transformation hopefully takes it to a whole new level.
To hear Kevin Richardsons entire interview, follow the link to the podcast here:https://audioboom.com/posts/7620330-sanuwave-health-inc-discusses-the-potential-of-their-celularity-acquisition-with-the-stock-day
Investors Hangoutis a proud sponsor of Stock Day, and Stock Day Media encourages listeners to visit the companys message board athttps://investorshangout.com/.
About SANUWAVE Health, Inc.
SANUWAVE Health, Inc. (OTCQB: SNWV) (www.SANUWAVE.com) is a shockwave technology company initially focused on the development and commercialization of patented noninvasive, biological response activating devices for the repair and regeneration of skin, musculoskeletal tissue and vascular structures. SANUWAVEs portfolio of regenerative medicine products and product candidates activate biologic signaling and angiogenic responses, producing new vascularization and microcirculatory improvement, which helps restore the bodys normal healing processes and regeneration. SANUWAVE applies its patented PACE (Pulsed Acoustic Cellular Expression) Technology in wound healing, orthopedic/spine, plastic/cosmetic and cardiac conditions. Its lead product candidate for the global wound care market, dermaPACE System, is US FDA cleared for the treatment of Diabetic Foot Ulcers. The device is also CE Marked throughout Europe and has device license approval for the treatment of the skin and subcutaneous soft tissue in Canada, South Korea, Australia and New Zealand. SANUWAVE researches, designs, manufactures, markets and services its products worldwide, and believes it has demonstrated that its technology is safe and effective in stimulating healing in chronic conditions of the foot (plantar fasciitis) and the elbow (lateral epicondylitis) through its U.S. Class III PMA approved OssaTron device, as well as stimulating bone and chronic tendonitis regeneration in the musculoskeletal environment through the utilization of its OssaTron, Evotron System and orthoPACE System in Europe, Asia and Asia/Pacific. In addition, there are license/partnership opportunities for SANUWAVEs shockwave technology for non-medical uses, including energy, water, food and industrial markets.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. 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 Companys ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Companys product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Companys ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Companys periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
For additional information about the Company, visitwww.sanuwave.com.
Contact:
Millennium Park Capital LLC Christopher Wynne 312-724-7845 cwynne@mparkcm.com
SANUWAVE Health, Inc. Kevin Richardson II CEO and Chairman of the Board 978-922-2447
investorrelations@sanuwave.com
About The Stock Day Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
SOURCE:
Stock Day Media (602) 821-1102
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/58961
https://www.newsfilecorp.com/newsinfo/58961/130
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