ROCHESTER, N.Y.--(BUSINESS WIRE)--July 11, 2006--Please replace the release dated July 10, 2006 with the following corrected version due to multiple revisions. The corrected release reads: BIOPHAN HIGHLIGHTS FIRST QUARTER 2006 MILESTONES IN QUARTERLY REPORT. Provides Update on Strategic Initiatives Including MYO-VAD(TM), Technology Licenses, and Partnerships. Biophan Technologies, Inc. (OTCBB:BIPH - News; FWB:BTN), a developer of next-generation medical technology, today filed its SEC Form 10-Q quarterly report for the Company's fiscal first quarter ended May 31, 2006. The Company announced progress on several important milestones for the quarter, indicating that the strategy of Biophan is showing results.