CVR Medical Corp., CA1266321084

CVR Medical Corp., CA1266321084

09.08.2018 - 15:04:00

CVR Medical Retains Global IR/PR Firm ICR To Support Financing and Commercialization Efforts For Its Carotid Stenotic Scan

Vancouver, British Columbia (Newsfile Corp. - August 9, 2018) - CVR Medical Corp. (TSXV: CVM) (FSE: B3BN) (OTCQB: CRRVF) ('CVR Medical'), a Canadian listed and US based healthcare company in the medical device sector, has retained the services of NYC based Investor Relations Public Relations Firm ICR (www.icrinc.com) to support the company's communications and marketing activities as it explores a US National Market listing and advances toward regulatory submission for its Carotid Stenotic Scan (CSS) device in the U.S.

Established in 1998, ICR partners with companies to optimize transactions and execute strategic communications programs that achieve business goals, build credibility and enhance long-term enterprise value. The firm's highly differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 500 clients in approximately 20 industries. With headquarters in Norwalk, CT, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Boston, San Francisco, Los Angeles and Beijing. ICR Healthcare is a specialty practice within ICR that provides communications counsel and support for the firm's growing portfolio of clients in the biopharmaceutical, MedTech, HCIT and healthcare services sectors.

CVR Medical Chief Executive Officer Peter Bakema stated, 'As we position CVR to be an emerging player within the healthcare sector, it is critical that we educate the marketplace about how our organization is working to address unmet medical needs in the management of cardiovascular disease. ICR Healthcare's team will help us communicate the unique value proposition of CVR, allowing us to differentiate ourselves in a competitive environment and pave the way for the anticipated commercial introduction of our CSS device.'

About CVR Medical Corp.

CVR Medical Corp. is a healthcare company that operates in the medical device industry focused on the commercialization of its disruptive, proprietary CSS Device. The CSS device is a diagnostic tool that encompasses subsonic, infrasonic and low frequency sound wave analysis technology. The CSS Device is a patented device designed to detect and measure carotid arterial stenosis. CVR is currently in pivotal clinical trials in preparation for its planned submission to the FDA. CVR is led by an experienced and proven team of professionals with extensive healthcare, medical device, international expansion, regulatory and sales experience. CVR Medical trades on the TSX Venture Exchange under the symbol CVM. Additional information regarding the Company can be found in our recent filings with the SEDAR, as well as the information maintained on our website at www.cvrmed.com.

ON BEHALF OF THE BOARD:

(signed) 'Peter Bakema'CEO, President & Director

For further information contact:

Peter Bakema, CEO, President and DirectorEmail: info@cvrmed.com

or

Marc S. Lubow.Vice President Capital Markets, Investor Relationsmarclubow@cvrmed.comTelephone: (904) 923-4037

This press release contains forward-looking information that involves various risks and uncertainties regarding future events related to the Joint Venture. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with commercialization of technology and the practice of medicine, (3) a change in health regulations, (4) any number of events or causes which may delay or cease commercialization and development of the Joint Venture, (5) the risk that the Company or the Joint Venture does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Language: English Company: CVR Medical Corp.

Canada ISIN: CA1266321084   End of News DGAP News Service

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