June 23, 2005 Boca Raton, Florida –
U.S. Spine, a developer of innovative spinal implant technology today announced that it has secured $4.1
million to date in funding from private investors and a major financial institution.
U.S. Spine has also completed the evaluation phase of its "Facet Gun", a revolutionary single-use, minimally-invasive
facet fixation system and plans to launch the product in the Fourth Quarter of 2005. The Facet Gun will join the
family of other FDA cleared products that the Company currently markets.
U.S. Spine also continues development of Spartacus™ Lumbar Disc replacement device. Spartacus is a third generation
artificial spinal disc characterized by a proprietary non linear fiber matrix for added endurance, strength and
stability. It is believed that Spartacus will most closely replicate the natural motion and biomechanical properties
of a human disc with improved wear characteristics over other elastomeric products currently in development. Clinical
trials are scheduled to begin in 2006. The first generation device was cleared by FDA in October of 2005, and is
currently marketed by Johnson and Johnson (NYSE: JNJ).
Spinal implants represent the fastest growing segment of the orthopedic market, and it is widely anticipated that
sales of artificial disc replacements will exceed $2 billion in the next five years.
Doris Blake, President of U.S. Spinal Technologies said, "We are excited about the new technology in development and
are also pleased to have the core products producing revenue, reducing our dependence on investment capital."
About U.S. Spinal Technologies, LLC d/b/a U.S. Spine:
U.S. Spine is a privately funded company developing innovative spinal products in collaboration with leading surgeons
and scientists. Founder Doris Blake, U.S. Spinal Technologies President, started the Boca Raton company in 2003 with
the vision of "Advancing the Science of Spine" as it relates to the treatment of degenerative spinal disease.
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