Ivivi Technologies, Inc. and Recovercare, LLC Sign a Distribution Agreement for the U.S. Wound Care Market

MONTVALE, N.J., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Ivivi Technologies, Inc. (Nasdaq:IVVI), a leader in non-invasive, electrotherapy systems, and RecoverCare, a nationwide leader in the chronic wound care field, today announced that they have signed a definitive agreement granting RecoverCare the exclusive right to distribute, sell and rent certain of Ivivi's targeted pulsed electromagnetic field (tPEMF(tm)) products for the reduction of pain and edema in chronic and acute wounds into long term acute care hospitals (LTACHs) in the United States. RecoverCare was also granted the non-exclusive right to sell and distribute certain of the Company's products for the reduction of pain and edema in chronic and acute wounds in acute care facilities and Veterans Administration long term care facilities in the United States. Ivivi previously announced a non-binding term sheet with RecoverCare on October 24, 2008.