HOUSTON, March 26, 2013 (GLOBE NEWSWIRE) -- Spine Pain Management, Inc. (OTCQX:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced it has received approval from the Texas Bar Association to begin Continuing Legal Education (CLE) for attorneys in the state; this in addition to our recent announcement of a similar program approved in Florida. (More on this below). Additionally, the Company has just completed a first sale of its patented Quad Video, v. 2.0 HALO (HALO v.2) to a non-affiliated clinic, owned by Diagnostic Pain Solutions, PLLC in Minneapolis MN at a sales price of $50,000 plus a per treatment royalty after one year; thus opening up a new and significant revenue stream outside its normal course of business.
Special Educating Programs for Attorneys and Doctors
As recently reported, Management has assisted in the development of a series of specialized educational program classes for attorneys, doctors and other provider organizations who manage patients with spine injuries who are parties to personal injury suits. These programs include "Documentation Standards of Medical Video Documentation" (DMVD) and "Documentation and Visualization of Medical Injuries" (DVMI) utilizing the Quad Halo Video 2.0 system. Some of these programs are directed to continuing legal and medical education programs (CLE/CME) which require minimum annual education/training "hours" for attorneys and doctors to maintain their professional licenses. The CLE/CME credit hours are determined by the state legal and/or doctor associations. The development of these standards for SPIN's programs is based on SPIN's patent pending technology of QUAD HALO Video system with its associated hardware and software technology.As reported last month, the Florida State Bar association approved the DVMD/CLE education program for its members and the first 2 credit hour CLE class was given on January 17, 2013 in Tampa to a large group of 59 plaintiff and defense attorneys. On March 6 , 2013, the Texas State Bar Association also approved a similar 2.5 credit hour CLE Program for its members. During the month of April, a total of four CLE programs will be hosted as follow: 4/4/13 San Antonio, TX, 4/10/13 Sarasota, FL, 4/17/13 Orlando, FL and Houston TX. William F. Donovan, M.D., CEO of Spine Pain Management, said, "I am very pleased that the Texas Bar Association has joined Florida's in recognizing the importance of what SPIN has spent the last year developing to advance attorneys' education in our related fields. The significance of SPIN having these programs approved cannot be stressed enough, both for existing and future centers, for separating SPIN from competitors. As we roll out into new States, we anticipate applying for similar programs in each new location.