This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Spine Pain Management Receives Approval For CLE Courses In TX And Also Makes First Third Party Sale Of Its HALO Technology System, Sets Investor Conference Call

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.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs