BELGRADE, Mont., July 20 /PRNewswire-FirstCall/ -- Bacterin International Holdings, Inc. (the “Company”) (OTC Bulletin Board: KKTZ), a developer of anti-infective coatings for medical applications and revolutionary bone graft material, today announced its official OTC Bulletin Board stock symbol change from KKTZ to BIHI. This change is being made in conjunction with the Company’s previously announced reverse triangular merger and financing transaction, which was immediately preceded by the Company’s name change from K-Kitz Inc. to Bacterin International Holdings, Inc. The stock symbol change will go into effect at the start of trading on July 21, 2010.
About the Company and Bacterin
The Company’s sole business is now to hold and operate Bacterin International, Inc. (“Bacterin”). Bacterin processes and markets innovative, biologic allografts for transplantation. The Company’s products, OsteoSponge®, OsteoSponge® SC and OsteoWrap®, are made from demineralized bone that is malleable and flexible, which enables more efficient and precise handling. It also markets BacFast® and OsteoLock®, which are used in spine surgery, designed to minimize graft back-out, and increase osteoinductivity. Bacterin’s latest allograft, OsteoSelect® DBM Putty has excellent handling characteristics and is distributed as a sterile product, with osteoinductivity testing completed on every lot after terminal sterilization. Headquartered in Belgrade, Montana, Bacterin operates a 32,000 sq. ft., state-of-the-art, fully compliant and FDA registered facility, equipped with five “Class 100" clean rooms.
This news release contains disclosures that are forward-looking statements. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “continue,” “efforts,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “strategy,” “will,” “goal,” “target,” “prospects,” “potential,” “optimistic,” “confident,” “likely,” “probable” or similar expressions. These forward-looking statements are based on current expectations or beliefs and include, but are not limited to, statements about maximizing gross profit dollars and the Company’s potential to achieve top and bottom line growth. Statements of historical fact also may be deemed to be forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others: the company’s ability to meet its obligations under existing and anticipated contractual obligations; the company’s ability to develop, market, sell and distribute desirable applications, products and services and to protect its intellectual property; the ability and willingness of third-party manufacturers to timely and cost-effectively fulfill orders from the company; the ability of the company’s customers to pay and the timeliness of such payments, particularly during recessionary periods; the company’s ability to obtain financing as and when needed; changes in consumer demands and preferences; the company’s ability to attract and retain management and employees with appropriate skills and expertise; the impact of changes in market, legal and regulatory conditions and in the applicable business environment, including actions of competitors; and other factors. The company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Bacterin International Holdings, Inc.
