StockGuru Blog: EnXnet, Inc. – Res Ipsa Loquitur; Increasing Equity Position with BAHF LLC

EXNT – EnXnet, Inc. (OTCBB Symbol: EXNT) (German Symbol E8U; German WKN# A0HMDW) Stock Guru Profile EXNT 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. Corley said the technology would emit a sound when a device is passed over the body. There are tiny receivers in the disposal equipment that will make the signal. Current technology does not allow medical teams to detect equipment and other items before they close a patient up. He said now things like gauze have barium strips that will show up when a patient is X-rayed. The problem, he said, is that if a patient is being X-rayed, then the surgery has been completed. There are risks involved with having items left inside the body following surgery, including infection. With the Medical D-Tect-OR LLC technology, there will be a chance to reduce those risks and remove items from the body before it is closed, he said. As for time line, Corley said the development is pretty far along and has progressed quickly, but before the item can be marketed, it will have to receive approval from the Food and Drug Administration. EnXnet formed the joint venture with BAHF because of BAHF’s extensive experience in the medical field. This ambitious company has three patent applications on file with the United States Patent Office: * 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 ell & Howell Information and Learning Company 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. Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC,9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com. Disclosure: Pentony Enterprises LLC was compensated $11,000 from a non-controlling third party for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.