ORLANDO, Fla., May 22 /PRNewswire-FirstCall/ -- Telzuit Medical Technologies, Inc. announced today the partial closing of a private placement financing with institutional and other accredited investors of approximately $2.5 million, held in escrow. The partial closing is part of a $5.0 million round of financing for the Company, of which $4.0 million is currently secured. Midtown Partners & Co., LLC acted as the sole placement agent in this transaction.
“Today’s announced financing increases our available working capital and further supports our ability to successfully launch our signature wireless Holter monitor,” commented Warren Stowell, CEO of Telzuit. “We continue to make strong progress in the development of our mobile medical devices, and through initial marketing efforts have witnessed growing market demand for our signature wireless heart monitor. The product remains in its final development stage, and we look forward to its forthcoming roll-out.”
About Telzuit Medical Technologies, Inc.
Telzuit Medical Technologies, Inc. is dedicated to providing advanced mobile medicine for people worldwide. The company is in the final stages of launching its first product, an FDA-approved wireless heart monitor. The product is a full 12-lead, completely wireless Holter monitor, which is new to the marketplace. In conjunction with its strategic partners, Telzuit is also building its own dedicated intranet platform to handle several of the products it will be releasing, including the wireless Holter monitor. Telzuit is based in Orlando, Florida. For more information on Telzuit, its business model and its products, please visit the company’s Web site: http://www.telzuit.com.
Contact: Telzuit Medical Technologies, Inc. James Tolan Co-Founder, Telzuit Medical Technologies, Inc. 407-354-1222 Brainerd Communicators, Inc. Jennifer Gery (media) Todd St. Onge (investors) 212-986-6667
Telzuit Medical Technologies, Inc.
CONTACT: James Tolan, Co-Founder, Telzuit Medical Technologies, Inc.,+1-407-354-1222; or Jennifer Gery (media), or Todd St. Onge (investors),both of Brainerd Communicators, Inc., +1-212-986-6667
Web site: http://www.telzuit.com/