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EXNT – EnXnet, Inc.
(OTCBB Symbol: EXNT) (German Symbol E8U; German WKN# A0HMDW)
Stock Guru Profile
EnXnet has a scanning device that detects surgical sponges tagged with radio frequency identification chips which will help operating room personnel detect foreign objects that have been inadvertently left inside patients.
A foreign object is left in patients after one of 10,000 surgical procedures involving open cavities, with two-thirds of the objects being surgical sponges. In some cases, the sponges may cause no symptoms and can remain undiscovered for decades. However, they add an average of four days of hospital stay after surgery and may lead to sepsis (toxins in the blood or tissues), obstruction of the intestines, and death.
The current recommended procedure for preventing foreign bodies being left in patients requires operating room staff to count sponges and instruments three times: before, during, and immediately after surgery.
A Sanford University School of Medicine study tested a system that included a battery-powered handheld scanning wand and RFID-tagged sponges. They found that the wand detected tagged sponges 100 percent of the time and gave no false positives.
The Tulsa-based company entered into a joint venture with BAHF called Medical D-Tect-OR LLC in February 2006, EnXnet President Ryan Corley said. When the venture started 10 months ago, EnXnet’s equity position was at 25 percent. With the increase in technology, the company increased its equity to 35 percent. BAHF has 65-percent equity interest in the venture.
Through the venture, the companies are working to develop a technology to help detect items such as gauze, sponges, and other instruments that may be left in the body during surgery, he said. The device would help detect those items before medical professionals complete a surgery by closing the patient’s incision.
- Optical disc having a reduced planar thickness Patent Application Number: 20060198281
- Providing automatic format conversion via an access gateway in a home Patent Application Number: 20050232284
- Optical disk storage case Patent Application Number: 20050077196
SOURCES: EnXnet, Inc. and
Solutions – Bell & Howell Information and Learning Company – Volume 38; Issue 10; ISSN: 1542894X
EnXnet, Inc.
James M. Farinella,
One Anderson Road,
Suite #105,
Bernardsville, NJ 07924
908-204-0004
DVDPlus EnXnet Inc., Tulsa
Ryan Corley, 918-592-0015
Fax: 918-592-0016
investor@enxnet.com
www.enxnet.com
or
For Investor Relations:
Integrated Capital Partners, Inc
Phone: 908-204-0004
or
Duplium Corporation
Keith Eckhardt
National Sales Manager
2029 Westgate Drive
Suite 120
Carrollton, TX 75006
972-512-0014
email: keckhardt@duplium.com
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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