Business News

Endocare Rejects Unsolicited Proposal From HealthTronics

2008-08-13 05:00:00

    IRVINE, Calif., Aug. 13 /EMWNews/ -- Endocare, Inc.

(Nasdaq: ENDO) announced today that its Board of Directors has unanimously

rejected the unsolicited proposal from HealthTronics, Inc. (Nasdaq: HTRN)

to purchase all of the outstanding shares of Endocare for $2.28 per share.

After careful evaluation, the Board determined that the proposal is

inadequate and not in the best interests of Endocare's stockholders.

    About Endocare

    Endocare, Inc. -- -- is an innovative medical

device company focused on the development of minimally invasive

technologies for tissue and tumor ablation. Endocare has initially

concentrated on developing technologies for the treatment of prostate

cancer and believes that its proprietary technologies have broad

applications across a number of markets, including the ablation of tumors

in the kidney, lung and liver and palliative intervention (treatment of

pain associated with metastases).

Investor Contact: Media Contact: For Additional Matt Clawson Len Hall Information: Allen & Caron, Inc. Allen & Caron, Inc. Craig T. Davenport, CEO (949) 474-4300 (949) 474-4300 Michael R. Rodriguez, CFO [email protected] [email protected] Endocare, Inc. (949) 450-5400

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

Related Articles

Back to top button