PLC Systems Updates Common Stock Listing Status
November 12 2008 - 7:53AM
PR Newswire (US)
FRANKLIN, Mass., Nov. 12 /PRNewswire-FirstCall/ -- PLC Systems Inc.
(Pink Sheets: PLCSF), a company focused on innovative cardiac and
vascular medical device-based technologies, today stated that,
following the delisting of its common stock from NYSE Alternext
(formerly known as the American Stock Exchange) on Monday, November
10, 2008, the company is working to secure the intended transfer of
its common stock listing to the OTCBB. Until that listing is
accomplished, the company's common stock is trading on the Pink
Sheets, and information can be found at http://www.pinksheets.com/
under the symbol "PLCSF". When the transfer to OTCBB is completed,
the company will announce the new trading symbol on that market.
About PLC Systems Inc. PLC Systems Inc. is a medical technology
company specializing in innovative technologies for the cardiac and
vascular markets. PLC's newest product, RenalGuard, is approved for
sale in the EU as a general fluid balancing device. The RenalGuard
System consists of a unique, proprietary, closed loop,
software-controlled console and accompanying single- use sets that
can be used by physicians and nurses to balance patient fluid
levels during a variety of medical procedures. With its automated
matched fluid replacement capability, RenalGuard is intended to
minimize the risk to patients of over- or under-hydration while
also largely eliminating what can be an intensive and time
consuming manual fluid balancing task for physicians and nurses.
Headquartered in Franklin, Massachusetts, PLC pioneered the CO2
Heart Laser System, which cardiac surgeons use to perform CO2
transmyocardial revascularization (TMR) to alleviate symptoms of
severe angina. CO2 TMR offers a treatment option for angina
patients who suffer from severe coronary artery disease. The CO2
Heart Laser is the world's first TMR angina relief device cleared
for commercial distribution by both the U.S. Food and Drug
Administration and Japanese Ministry of Health, Labor and Welfare,
and to obtain a CE Mark for distribution within the EU. Additional
company information can be found at http://www.plcmed.com/. This
press release contains "forward-looking" statements. For this
purpose, any statements contained in this press release that relate
to prospective events or developments are deemed to be
forward-looking statements. Words such as "believes,"
"anticipates," "plans," "expects," "will" and similar expressions
are intended to identify forward-looking statements. Our statements
of our objectives are also forward-looking statements. While we may
elect to update forward-looking statements in the future, we
specifically disclaim any obligation to do so, even if our
estimates change, and you should not rely on these forward-looking
statements as representing our views as of any date subsequent to
the date of this press release. Actual results could differ
materially from those indicated by such forward-looking statements
as a result of a variety of important factors, including that our
stock may not be accepted for trading on the OTCBB, and additional
risk factors described in our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2008, and our other SEC reports. PLC
Systems, PLC Medical Systems, PLC and CO2 Heart Laser, and
RenalGuard are trademarks of PLC Systems Inc. Contact: Mary T.
Conway Conway Communications 617-244-9682 DATASOURCE: PLC Systems
Inc. CONTACT: Mary T. Conway, Conway Communications for PLC
Systems, +1-617-244-9682, Web site: http://www.plcmed.com/
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