Skyline Medical Begins Multi-Site Installations of STREAMWAY® System for Minnesota Health Group
MINNEAPOLIS, April 24, 2014 /PRNewswire/ -- Skyline Medical Inc. (OTCQB: SKLN) is installing three direct-to-drain STREAMWAY Fluid Waste Management Systems at Prairie Ridge Hospital and Health Services' facilities in Minnesota. The sales include two units installed recently at a new replacement facility in Elbow Lake, Minnesota, and one to be installed at the group's Morris outpatient center in May.
"The philosophy with our new facility was to bring state-of-the art technology to the smaller communities we serve," said Manda Westrom, RN, Director of Nursing at Prairie Ridge, which operates five health campuses in central Minnesota. "Skyline's STREAMWAY System is the most advanced technology in waste fluid management, so it was a logical choice. As the industry's first truly automated system, it's safer and more efficient for our staff than the suction canisters we were using," she said. "Nurses don't have to handle canisters full of potentially infectious waste fluid. Not only does that reduce exposure risk, it also saves time during procedures."
One of the Elbow Lake units is in an endoscopy procedure room, which represents a key market for STREAMWAY. "With the increased availability of minimally invasive endoscopic procedures and the aging of Baby Boomers, demand for endoscopy is rapidly increasing," said Josh Kornberg, CEO of Skyline Medical. "To help meet the increased demand and keep healthcare costs down, endoscopy departments are looking for ways to be more efficient. The fully automated STREAMWAY System eliminates procedure disruptions so busy endoscopy departments can accommodate more cases per day," he noted.
The Prairie Ridge installations are among 55 STREAMWAY units already scheduled for sale or trial in early 2014.
About Skyline Medical Inc.
Skyline Medical Inc. produces a fully automated, patented, FDA-cleared, waste fluid disposal system that virtually eliminates staff exposure to blood, irrigation fluid and other potentially infectious fluids found in the healthcare environment. Antiquated manual fluid handling methods — which require hand carrying and emptying filled-fluid canisters — present an exposure risk and potential liability. Skyline Medical's STREAMWAY System fully automates the collection, measurement and disposal of waste fluids and is designed to: 1) reduce overhead costs to hospitals and surgical centers, 2) improve compliance with Occupational State and Health Association (OSHA) and other regulatory agency safety guidelines, 3) improve efficiency in the operating room, and radiology and endoscopy departments — leading to greater profitability, and 4) provide greater environmental
stewardship by helping to eliminate the approximately 50 million potentially disease-infected canisters that go into landfills annually in the United States. For additional information, please visit: www.skylinemedical.com.
Forward-looking Statements Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include, among other things, inability to raise sufficient additional capital to operate our business; approximately $3.8 million in debts, liabilities and cash obligations that become due over the next twelve months; unexpected costs and operating deficits, and lower than expected sales and revenues, if any; adverse economic conditions; adverse results of any legal proceedings; the volatility of our operating results and financial condition; inability to attract or retain qualified senior management personnel, including sales and
marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, which are available for review at
www.sec.gov. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the company's financial position. See the Company's most recent Annual Report on Form 10-K, as amended, and subsequent reports and other filings at www.sec.gov.
Skyline Investor Relations Contacts: Phil Carlson / Elizabeth Barker KCSA Strategic Communications 212-896-1233 / 212-896-1203 skyline@kcsa.com
