ADHC LAUNCHES WWW.AURACISMIGRAINE.COM A NEW WEBSTE WEBSITE FOR THE NON-OPIOD MIGRAINE PAIN MANAGEMENT DEVICE
03 Décembre 2018 - 2:17PM
InvestorsHub NewsWire
ADHC
LAUNCHES WWW.AURACISMIGRAINE.COM
A NEW WEBSTE WEBSITE FOR THE NON-OPIOD
MIGRAINE PAIN MANAGEMENT
DEVICE
CBD
ECOMMERCE SITE COMPLETES BETA TESTING AND IS ON SCHEDULE FOR
12-13-2018 LAUNCH
Del
Mar, CA -- December 3, 2018 -- InvestorsHub NewsWire -- American
Diversified Holdings Corporation (ADHC-OTC) announced today that
it has completed a new website detailing all the essential
information on the company’s non-opiod migraine management
bio-device product AURACIS tm. Shareholders, investors and other
interested parties can log on to www.AURACISMIGRAINE.com.
ADHC has licensed the patented technology from Brazos
Biomedical and has retained the Brazos scientific staff to assist
in the development of the
device.
As
previously reported ADCH has revised its Projected Cost to Complete
Auracis tm (Tens) Migraine Therapy. The cost of Engineering and
Development over a 2 year time frame has been reduced by $500,000
to $1.5 mm.
The
completion on the website is an important step as ADHC is currently
working with financial advisors to create a Private Placement
Memorandum (PPM). The PPM will contain all relevant information and
risk factors available to investors interested in AURACIStm.
Initial valuation estimates for AURACIS have been in the $10 mm
range. If this valuation holds true ADHC will retain 85 % of the
AURACIStm worth an estimated $8.5 mm. The valuation model is based
upon a variety of factors including: cost of development,
competitive environment, Alternative therapies or medications,
market size (38 mm patients), ease of market penetration,
regulatory risk and other factors. ADHC is meeting with technology
analysts in the near future to finalize the details of the
valuation model and to chart a course to present the AURACIS tm
plan to investors.
ADHC has completed a "USE OF FUNDS" projected costs
analysis for the development of its migraine management therapy
AURACIStm. Management has met with medical device engineering firms
and have done an exhaustive analysis of the AURACISTM TENS Migraine
therapy system including all the patents and patent applications in
the US and abroad, patent license agreement, technical engineering
schematics, FDA plans, patient study information and other related
assets. Current estimates have been lowered $500k to $1.5 mm to
complete all prototype development and FDA compliant market image
product development clinical use. Barring any unforeseen issues
management believes the $1.5 mm budget should be adequate for all
proposed costs over a 24 month time frame. Brazos Biomedical is
currently meeting with institutional investors to devise a
financing strategy to successfully bring The AURACIS product to
market.
Investors can find a complete overview of all the
AURACIS information at www.AURACISMIGRAINE.com
In
additional news ADHC team of web developers has completed a
successful beta test of its’ cannabis ecommerce platform offering a
variety of CBD products to consumers. More products are being
regularly added as the company approached the 12-13-2018 launch
date.
ADHC will keep shareholders informed as events
progress.
ADHC is a holding company that provides executive
management, corporate governance, administrative support, financial
advice, and introductions to capital sources to various micro-cap
private and public companies that have proven revenues and business
models.
BRAZOS BIOMEDICAL LLC is a bio device company
utilizing electro stimulation for pain management to improve
patient outcomes through creative innovation with a core competency
in the migraine and headache pain
space.
This press release contains forward-looking
statements pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements include
risks and uncertainties that may cause the Company's plans to
change and are in no way intended to guarantee that the Company
will be successful in executing its plans. common stock currently
trades on the over-the-counter under the symbol ADHC. This press
release in no way constitutes any recommendation regarding the
securities of ADHC or its affiliates. Any person reading this press
release is advised that this release should be considered in the
light of all facts and circumstances regarding the business and
financial condition and prospects of ADHC, and no reference has
been made that this release contains all
information.
Contact: adhcinvestor@gmail.com
Tel:
858-259-4534
SOURCE: American Diversified Holdings
Corp.
American Diversified (PK) (USOTC:ADHC)
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