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ADVANCED
HEALTHCARE TECHNOLOGIES, INC., (OTCBB: AVHC) |
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Dear Reader,
We’ve been publishing StockUpTicks for several years and
I’ve written a lot of our editorials and profiles. There’s something
interesting in most every story we do and I enjoy drawing your
attention to these often-undiscovered stories.
But not like today.
Today I write you from the first person; from my own personal
story and experience.
A short while ago I was with my cousin who is among my dearest
friends. I grew up just three doors down from him and his brothers,
the eldest of which is Ken, who had been hospitalized battling
severe diabetes and a wound that wouldn’t heal. I was with Ken’s
brother when he took a call from their father, my uncle, who was
at the hospital
Through the mobile phone I could hear my uncle in tears, telling
my cousin that they wanted to take Ken’s leg; that amputation
looked to be the only cure for a diabetic wound that wouldn’t
heal. “Don’t let them take his foot, son,” my elderly uncle told
my cousin, imploring him to plead with the doctors to try something
else.
When I spoke to Phillip Loori, President of Advanced Healthcare
Technologies, Inc. (OTCBB: AVHC) the first time, he told me
about his company’s use of Hyperbaric Oxygen Therapy to
treat diabetic wounds that wouldn’t heal. I told him about
Ken’s plight and he kindly offered to do whatever he could to
help.
I hung up the phone, called my cousin and said that this CEO
had told me about a therapy that could save Ken’s limb. I told
him about Hyperbaric Oxygen Therapy and what it was designed to
do, how it might be perfect for Ken.
He interrupted me and said, “He’s fine now. That’s what saved
his foot. They didn’t have to amputate.”
It’s one thing to hear about FDA approvals and clinical trials.
It’s another to know that the technology that our featured company
today is based upon is the reason your loved one still can walk.
I hope you enjoy today’s profile.
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ABOUT AVHC - |
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Advanced Healthcare Technologies is a company that
engages in the acquisition of leading technologies in the
healthcare industry. Principle acquisition targets consist
of companies in the Medical Devise and Medical Service Industry.
Recent Acquisitions include: Advanced Hyperbaric Technologies
of Farmingdale, NJ. Advanced Hyperbaric engages in the
sale of Topical Hyperbaric Oxygen chambers, which are
marketed to various healthcare organizations including,
wound care clinics and physical therapy providers. AHT's
principle products include a portable topical Hyperbaric
Oxygen chamber and a The Disposable Sacral Topical Hyperbaric
Oxygen System for smaller wounds.
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THIS WEEK'S NEWS FROM AVHC - |
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Press Release
Source: Advanced
Hyperbaric Technologies, Inc.
Wednesday November
20, 7:48 pm ET
Advanced Hyperbaric Technologies, Inc., a Subsidiary of
Advanced Healthcare Technologies, Inc., Announces the Publishing
of a New Topical Hyperbaric Oxygen Study
FARMINGDALE, N.J., Nov. 20 /PRNewswire/ -- Advanced Hyperbaric
Technologies, Inc., a subsidiary of Advanced Healthcare Technologies,
Inc. (OTC Bulletin Board: AVHC - News) today announces the
publishing of a new topical hyperbaric oxygen study.
New Topical Hyperbaric Oxygen Study Published-
A study, published this week in a leading medical journal, reports
that treatments using AHT 's Topical Hyperbaric Oxygen Products
facilitate wound healing and the full closure of pressure ulcers
(bed sores) in patients at long term care facilities (nursing
homes). The study was conducted by leading wound care researchers
and specialists. The study, conducted over a four-week period,
demonstrated a 34.4% decrease in the average size of Stage III
and Stage IV ulcers by utilizing THBO Therapy. This is highly
significant, as many of these wound ulcers can remain open for
years. The study went on to show that by healing wounds with THBO
Therapy, suffering was reduced and quality of life was improved.
To read the entire release and disclaimer, Click
Here
Advanced Hyperbaric Technologies,
Inc. is a wholley-owned subsidiary of AHT that's engaged in the
sale of Topical Hyperbaric Oxygen Chambers for the healing of
open wounds. AHT's products are utilized to treat patients who
suffer from chronic open wounds due to diabetes, vascular insufficiencies,
post surgical infections, amputations, frostbite and burns. The
chambers are marketed to hospitals, doctors, wound care clinics,
nursing homes, and patients.
Topical Hyperbaric Oxygen
raises tissue oxygen levels at the wound site.
Oxygen: The body's fundamental mechanism
for healing itself. It is essential for any healing process -
especially chronic, recalcitrant open wounds. Oxygen is vital
in collagen synthesis, enhancement of fibroblasts, angiogenesis
and leucocyte function.
Topical Hyperbaric Oxygen: Raises
tissue oxygen levels at the wound site.
The Topical Hyperbaric Oxygen Extremity
Chamber: Pulses topical hyperbaric oxygen at intermittent
pressure directly to the wound site. The result is oxygen levels
are raised, wounds heal faster and the cost to heal the wound
is drastically reduced.
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Currently, AVHC is
conducting research at two facilities that specialize in
wound healing and wound healing research. |
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One of the main goals of studies
of this type is to generate clinical information
necessary for Medicare and other insurance providers
to pay for Topical Hyperbaric Oxygen Therapy in patient's
homes as well as on an outpatient basis.
The second research project
is slated to begin in December. AHT plans to
commit resources to the Northeast Center for Special Care,
a 250-bed spinal cord injury center. In the study, researchers
will investigate the clinical efficacy of both the disposable
sacral chamber and the extremity chamber.
The third research project is
slated to begin in January and
will begin at a large Wound Care Center in New
York. The research project will be a 100-patient controlled
study. A controlled study of this size is significant
as clinicians, when evaluating treatments, look for controlled
studies with large numbers of patients treated.
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THE MARKETS FOR AVHC INNOVATION - |
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AVHC has already signed a distribution agreement with Innovative
Medical Systems, Inc. of St. Louis, Missouri, a medical
distributor, which is marketing the chambers in the states of
Illinois, Missouri and Kansas.
As AVHC continues to increase its sales efforts in the United
States they are beginning to focus on an even greater marketing
opportunity, the international market. AVHC is currently selling
its products in Canada, Spain and Israel.
AVHC is communicating with medical device distributors in Japan,
Jordan and Ireland who have contacted the company seeking the
opportunity to market the chambers in their respective countries.
Additionally, AHT is working toward a strategic partner relationship
with an overseas company to be the master distributor of its THBO
products in Europe.
The European market is of great interest to AVHC as diabetic
foot ulcers continue to be the most common cause of lower extremity
amputations in Europe.
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COMPARATIVE TREATMENTS - |
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What is the advantage of utilizing THBO
instead of Full Body HBO? The advantage of Topical
delivery of Hyperbaric Oxygen is the ability to achieve increased
oxygen tension in the wound without the risk of oxygen toxicity.
There is no systemic absorption when using the topical HBO chamber.
When using the Full Body Chamber, you are breathing the oxygen,
and by doing so, you are directly exposing yourself or the patient
to the risk of central nervous system or pulmonary toxicity, both
of which have been reported in patients who have been treated
in Full Body Chambers.
Are there any side effects?
Full Body
Topical HBO
Congestive Heart Failure
Yes
No
Severe Claustrophobia
Yes
No
Congestive Heart Failure
Yes
No
Nervous System Disorders
Yes
No
Accelerates Cataract Growth
Yes
No
Distorts Vision up to 8 week
Yes
No
Pressure in the Ears and Sinus Cavity
Yes
No
How much will it cost?
Full Body Chamber: $300.00 to $500.00 / day
Topical HBO Chamber: $75.00 / day
Insurance
Most private insurance companies, including some Medicare and
Medicaid HMO Plans are approving Topical Hyperbaric Oxygen Therapy
on a case by case basis for home car use. A prescription and a
Letter of Medical Necessity are required in order to start the
pre-approval process.
Traditional Medicare and Medicaid plans currently do not cover
Topical Hyperbaric Oxygen Therapy in the home. However, therapy
can be administered on an out-patient basis at the doctors office
or at a Wound Care Center. Additionally patients receive treatment
when they are in-patients in a hospital or a nursing home.
If private insurance reimbursement in unavailable or traditional
Medicare is the only insurance, reasonable monthly rental rates
can be arranged to accommodate someone's needs.
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SELECTED FINANCIAL HIGHLIGHTS - |
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Market Cap. 2.63 million
Shares Outstanding: 14,007,000
52-Week High 1.0500 (04-24-02)
52-Week Low 0.1800 (10-10-02)
Recent Price: 0.28
Avg. Daily Volume: 31,700
HISTORICAL BUSINESS INFORMATION: The Company
was incorporated on March 28, 2000 under the laws of the State
of Colorado. Shareholders were asked to approve a name change
to Mariner Health Care, Inc. to more accurately reflect
the proposed business of the Company to assist in the development
of new healthcare technologies. On May 24, 2002 the Company
announced they have authorized a 5 for 1 forward stock split.
The Company changed its corporate domicile from Colorado
to Nevada. On June 21, 2002 the Company announced in a press release
that it had identified numerous opportunities in the healthcare
industry, therefore, the company would cease its operations in
the Mortgage industry and use its assets and experience, while
bringing on new management, to engage in the development and incubation
of small public and private companies in the healthcare
industry. On July 17, 2002 the Company changed its name
to Mariner Healthcare Inc. On August 5, 2002, the Company changed
its name to Advanced Healthcare Technologies, Inc. and applied
for a new symbol and cusip number. In August, 2002, the Company
completed its due diligence period and elected to move forward
with the acquisition of Advanced Hyperbaric Technologies Inc.
On August 5, 2002 the Company announced that the final documents
pertaining to its acquisition of Advanced Hyperbaric Technologies,
Inc. had been completed in the stock for stock transaction.
Advanced Hyperbaric Technologies continues to operate as a subsidiary
of AVHC.
To view the SEC filings for AVHC (Still being filed as Mariner
Health Care) Click
Here
To get a current quote and a list of recent press releases, Click
Here
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CONTACT - |
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Advanced Healthcare Technologies
124 Colts
Neck Road
Farmingdale,
NJ 07727
Company Contact: Phillip Loori
Tel: 800-327-4325
Email: philliploori@aol.com
Brokers and Analysts: Guy Vinci, Tel: 866-730-9604
Visit the Advanced Healthcare Technologies, Inc. Web site at:
www.advancedhealthcaretechnologies.com
Visit the Advanced Hyperbaric Technologies Web site at: www.advanced-hyperbaric.com
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