FOUNTAIN VALLEY, CALIFORNIA -- (MARKET WIRE) -- December 14, 2006 -- Sutura, Inc. ("Sutura") (OTCBB: SUTU), a California-based medical device company, announced today that it has entered into an agreement with Whitebox Advisors, LLC to complete a $1.5 million round of debt financing. The term sheet consists of $1.5 million in senior convertible debt with an option for an additional $1.5 million in Q1 2007.
