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Spine Injury Solutions Inc

Spine Injury Solutions Inc. unveils well received Affiliate Expansion Program at Personal injury Seminar in Atlanta

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Houston, Feb. 17, 2017 (GLOBE NEWSWIRE) —

Spine Injury Solutions, Inc. (SPIN) unveils well-received Affiliate Expansion Program at seminar in Atlanta.

After three years in development, SPIN’s patented Quad Video HALO™ (QVH) Video Medical Records Technology (VMRT), paired with its successful seven year history of injury case financing delivered through three contracted “Affiliates”, the stage has now been set for a nationwide expansion of its unique new Affiliate Program adding a high-tech advantage to injured accident victims. 

HOUSTON, Feb. 16, 2017 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, finance,  and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to report that the Company’s attendance and speaker participation at the pre-announced James J. Mathis “Personal Injury: Understanding Colossus Seminar” in Atlanta, GA, February 11, 2017 was a success in several aspects.

The Seminar attendees, primarily made up of healthcare providers and attorneys servicing the  Personal Injury (PI) industry were introduced (most for the first time), to SPIN’s proprietary, patented, Quad Video HALO™ v3.0 and its success in facilitating patient confidence, “Best Medical Practices” and higher case settlements in shorter time for cases involving diagnostic and treatment injections. The original beta QVH first began clinic testing and trials in 2014 in Houston TX with Northshore Orthopedics (NSO), SPIN’s first “Affiliate” owned by SPIN Founder/Chairman. NSO along with several satellite locations, using SPIN’s Medical Lien financing program since 2010, had, up until the first use of QVH in 2014, financed over 6,000 diagnostic injection procedures in the conventional non-technical way similar to what the rest of the country uses today. While under continuing testing and development, the QVH received its US Patent in 2015 and its successful completion of compliance testing of the Quad Video HALO System to meet EN 60601-1 safety standard for medical equipment along with its EU approval to carry the CE Mark, in 2016.

SPIN has internally invested approximately $2.5 million in developing the QVH which has now been used and proven successful in an additional 2,400 case procedures. Early on in the testing of the QVH, second and third SPIN Affiliates were added in Midland/Odessa and Tyler, TX who contributed to the latter 2,400 procedures.

Armed with data and both medical and attorney testimonials giving clear “Proof of Concept” to the conjoining of the QVH v3.0 with conventional spine injection procedures, SPIN management made the decision in late 2016, to develop a new  Nationwide all-encompassing affiliate program to be introduced for the first time at the Atlanta seminar. New SPIN affiliates once qualified and accepted, will be trained to provide best practices, be referred cases generated by SPIN paid-for marketing, and trained in the use of SPIN’s QVH, all provided at no additional cost to their existing practices.  Once the procedures are completed, SPIN will early monetize the affiliates case billing leaving no further collection risk.

The new affiliate program capitalizes on SPIN’s unique position in having exclusive access to its patented QVH. When the decision was made in December to expand its affiliate program, the targets were to add a minimum of four affiliates, with two in Atlanta and maximum of 10 affiliates over the following year.  The company is pleased to report significant interest in the program by over 20 attendees, mostly from Atlanta, but also from four additional States making the high end of the target range appear very achievable.

Additionally –though the QVH was originally developed for internal SPIN affiliate use, while under continuing development, it was  realized that a large additional market existed. A market for instantly transportable High Definition video providing transparency could be much broader.  For example, there is a need for  a Hybrid Video Integration Platform for general surgery, not only for QVH’s own four camera video showing internal x-ray real-time view along with three external cameras, but also to piggy-back additional video devices. QVH also has built-in capabilities to plug-in any digital or analog video medical device with “video out” capabilities. Devices used in robotic, arthroscopic, microscopic, etc. surgical procedures both for risk management, or use in hospitals and cadaver labs for global education can work with the QVH. Though direct sales were not the primary target at the Atlanta seminar, management also reports significant third party, non-PI interest, in the QVH such as described above from three attendees.

Dr. Donovan stated; “On behalf of the SPIN and QVH Management, Directors and Development team, I cannot overstate how pleased we were with the reception we received from not just the attendees, but even the Sponsors and other Presenters at Atlanta. We anticipate adding and announcing new team members shortly. “

Donovan added; “For those not familiar with SPIN’s history, it should be noted that since inception some seven years ago, SPIN’s business advances to include the QVH development have been financed through its own organic revenues, sporadic third party straight debt paid off on time and some early loans by me later exchanged for shares. SPIN has never asked for, or received any outside equity financing, public or private. While I am the largest shareholder of the Company, the vast majority of my shares were either purchased in the open market or early loans I made to the Company which I converted to restricted shares at market value. The majority by far of my share purchases and/or debt conversions were at prices higher than the current share price.”

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and financing services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713 521-4220

CONTACT: William Donovan
713 521-4220

Spine Injury Solutions Inc. Executives to Address Personal Injury Seminar in Atlanta

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Houston, Feb. 02, 2017 — Spine Injury Solutions Executives to address Attendees at the annual Brice Lawfirm/James Mathis, Understanding Colossus Personal Injury Seminar in Atlanta.HOUSTON, Feb. 2, 2017 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, finance, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce SPIN/QVH attendance and speaker participation at the James J. Mathis “Personal Injury: Understanding Colossus (software) Seminar” at the Renaissance Waverly Hotel in Atlanta, GA, February 11, 2017. SPIN management is honored to have been invited to not only attend, but to also participate as speaker at this annual event. More than 300 of the nation’s top Personal Injury practitioners will be in attendance. SPIN VP Marketing, Matthew DeGaetano, who is also known as one of the nation’s top experts on educating attorneys and pain management doctors on how to defend against the insurance industry use of Colossus Software for settlement will be a key speaker. His presentation will unveil SPIN’s Quad Video HALO™ as the “missing link” to maximize injury settlements.Dr. Donovan said; “While things may have seemed quiet from an announcement point of view, I am optimistic for a strong 2017 and beyond for both SPIN and QVH. The reasons behind my confidence should all begin to publicly appear over the next week. If you haven’t noticed, we launched the beginning of a new dynamic website for QVH last week. Next week we expect to have a new SPIN website launched. To be invited to participate and introduce our Quad Video HALO before such a high profile group of personal injury professionals next week in Atlanta, by far the most “targeted” group ever, will be a great way to start the year. However these three events are just the beginning of what we have planned. We sincerely appreciate your patience but feel you will not be disappointed.”

About James J. Mathis – Has extensive professional experience in the Insurance Industry, as an expert consultant on insurance claim handling issues, and as a speaker for Trial Lawyers’ Associations and Medical Associations. As owner of Sequoia Visions, Inc., he has designed and created innovative software for the Legal and Medical Communities to address the ongoing changes and demands of the Insurance Industry. He has lectured at numerous workshops and seminars in the following areas: Claim Evaluation and Negotiation, Medical Claim Documentation and Presentation, General Claim Processing and Handling.He has specific knowledge of Insurance Industry processes, procedures, manuals, memos, literature, claim handling practices, advertisements, electronic systems, computer maintained data, computer retrieval reporting, personnel guides, training guides and literature, trial defenses and discovery preparation. Additionally, he has assisted in the discovery process for law firms dealing with issues of bad faith, extra-contractual and consumer violation lawsuits. This is due to my extensive experience in varied positions in the insurance industry as well as management positions while employed with State Farm and ongoing review of insurance procedures, processes, and literature and claim files in my capacity as a consultant.For More Info on James Mathis visit: http://www.sumamri.com/mathis/

About the Brice Law Firm – “Atlanta’s Premier Personal Injury Boutique Law Firm”. BLF is a full service personal injury law firm dedicated to achieving maximum results for each and every client. Our firm model is designed to give each client personal attention and direct contact with an attorney — not a paralegal or legal assistant.For More Info on The Brice Law Firm visit: http://bricelawfirm.com/

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements:

This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC

Company Contact

Dr. William F. Donovan
Chairman, President & CEOSpine Injury Solutions, Inc.
(713) 521-4220

Spine Injury Solutions, Inc. Reports Q3 2016 Financial Results and Reminds for Conference Call at 4:20 EST Today

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  • Q3 Loss of $178,401 decreased 19% from $219,674 in Q3 15 –fourth consecutive quarterly decrease in loss.
  • Q3 Collections of $575,000 are highest of the year, passing the $15 million milestone since inception.
  • Q3 Gross Margins of 68%, a new record level.
  • Nationwide Marketing Initiative for QVH launched in November.

HOUSTON, Nov. 14, 2016 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, financing and healthcare solution company servicing the multi-billion dollar spine injury sector, reports Q3 2016 financial results and will hold an interactive video Investor conference call today Monday, November, 14, 2016, at 4:20 p.m. EST to discuss the Company’s financial results for third quarter 2016 and provide an update on its current and future business initiatives.

Dr. Donovan, Chairman CEO stated, “While I am somewhat disappointed that no QVH sales were completed in Q3, our marketing team has made strides in formulating a strategic marketing plan which vastly increases the scope and size of our QVH product line. During the quarter, the Company presented its QVH v.3 and QVH Rx at several trade shows and workshops attracting some qualified leads. The biggest takeaway was feedback confirming that our new unique video documentation transparency QVH Rx system, which had its first operating room tests done earlier in the year, is engendering interest from administrators at hospitals, teaching hospitals/cadaver labs and ambulatory surgical centers for both its risk management aspects as well as education. Because of what we have learned, we feel we now have evidence of need for the Company to leverage our marketing efforts through national and regional commission only medical product rep firms.”

Donovan went on to say, “While net revenues may have declined a bit in Q3, net loss has also declined to its lowest level of the year, and our gross margin has increased to 68%, its best level ever. Additionally, Q3 cash collections of $575,000 was the highest of the year, bringing total cash received from our legacy business to over $15 million from inception.”

Results of Operations

Comparison of the three month period ended September 30, 2016 with the three month period ended September 30, 2015.

We recorded $782,276 in gross revenue for the three months ended September 30, 2016, offset by $323,318 of the expected settlement discount resulting in net revenue of $458,958. For the same period in 2015, gross revenue was $1,110,533, offset by $597,770 of the expected settlement discount, resulting in net revenue of $512,763. We ceased providing collection services to the San Antonio diagnostic center during the first quarter of 2016, and accordingly had no revenue in San Antonio for the three months ended September 30, 2016 versus the same quarter in 2015. This is the primary reason for the above decline in gross revenue between those two periods. Net revenue as a percentage of gross revenue increased to 58.7% for the three months ended September 30, 2016 from 46.2% for the three months ended September 30, 2015 due to a higher collection percentage in the 2016 quarter. We are currently providing technology and funding services to five spine injury diagnostic centers in the United States, which are located in Houston, Texas; Odessa, Texas; Tyler, Texas; El Paso, Texas; and Dallas, Texas.

Service cost was $146,314 for the three months ended September 30, 2016 compared to $221,557 for the same period in 2015. The decrease is due mainly to lower volume.

During the three months ended September 30, 2016, we incurred $459,126 of operating, general and administrative expenses compared with the $409,532 for the same period in 2015. The increase is attributable to increases in (i) travel costs of approximately $19,000, (ii) marketing costs of approximately $29,000, (iii) depreciation and amortization expense of approximately $3,000, (iv) payroll and benefit costs of approximately $10,000, (v) legal expenses of approximately $3,000 and (vi) office and operating expenses of $9,000, coupled with a decreases of (i) approximately $18,000 in consulting costs, and (ii) approximately $5,000 in subscriptions costs.

During the three months ended September 30, 2016, we incurred $18,862 of research and development expenses compared with $89,512 for the same period in 2015. The decrease is attributable to costs incurred during the three months ended September 30, 2015 for engineering and testing fees to verify the Quad Video Halo (“QVH”) meets certain standards. Our patented (Patent No. 9,084,577) technology meets UL compliance with specific immunity and emissions standards required by IEC 60601-1-2-2007.

As a result of the aforementioned, we had a net loss of $178,401 for the three months ended September 30, 2016, compared to a net loss of $219,674 for the three months ended September 30, 2015.

Conference Call Details

Conference Call: An investor conference call with management will be held on Monday, November 14, at 4:20 p.m. EST. The call will be video WebCast with a short live Power Point Presentation followed by Q & A. The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call: To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation. You can register at any time.

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/4102389312293044484 or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com Webinar ID: 374-886-779

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console. You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations. Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4
If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number: 1 (631) 992-3221
Participant Access Code: 421-404-045

Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://SpineInjurySolutions.com

About Spine Injury Solutions, Inc:

We are a technology, marketing, billing, and collection company facilitating diagnostic services for patients who have sustained spine injuries. In addition, we are developing QVH programs to assist surgeons and other healthcare providers with treatment documentation in specialized areas, such as spine injuries and regenerative medicine. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers who treat spine injuries. Our goal is to become a leader in providing technology and monetizing services to spine and orthopedic surgeons and other healthcare providers. By monetizing the providers’ accounts receivable, patients are not unnecessarily delayed or prevented from obtaining needed treatment. After a patient is billed for the procedures performed we oversee collection.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the patented and CE Certified Quad Video HALO™ and HALO Rx™, a highly scalable video integrated operating room technology that meets the demands of medical practices and major hospital systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both invasive and minimally invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Schedules Interactive Conference Call on 3rd Quarter Financial Results

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Spine Injury Solutions Schedules Interactive Conference Call to Present 3nd Quarter 2016 Financial Results and Provide Business Development Update

HOUSTON, November 8, 2016 — Spine Injury Solutions, Inc. (OTCQB-SPIN), a technology-driven, medical service, finance and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for Monday November 14, at 4:20 p.m. (EST) to discuss the Company’s financial results for Q3 2016, business initiatives and provide an update on expansion plans for its core  Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0 (QVH3). Shareholders Question & Answers will follow.

Spine Injury Solutions intends to issue its Q3 2016 financial results on Monday, November 14, 2016 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Monday, November 14, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.
Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Monday November 14, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/4102389312293044484 or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 374-886-779

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number:  1 (631) 992-3221
Participant Access Code:  421-404-045

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://www.spinepaininc.com/investor-information.php

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented and CE Certified Quad Video HALO™ and HALO Rx™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both Invasive and Minimally Invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Gives Quad Video HALO™ Update

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HOUSTON, Sept. 09, 2016 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce SPIN/QVH attendance and sponsorship at the Boston Bio Life (BBL) “Hands-On Stem Cell Therapies & Biologics for the Clinical Application of Pain Management, Chicago IL, September 10 & 11. The Workshop is being held at the Chicago Marriott Downtown Magnificent Mile Hotel.

Boston Bio life Workshop – Quad Video HALO will be a participating sponsor at this workshop. This two-day course allows the participants to experience a comprehensive and intensive learning opportunity focusing on regenerative medicine techniques and their clinical applications in pain management. Attendees are primarily interventional pain management specialists, orthopedic physicians, rehabilitation specialists, sports medicine physicians, and osteopathic doctors. Aside from presenting QVH in the forum setting before attendees, SPIN’s QVH v.3 will be featured as an integral part of the “hands on” workshops involving stem cell/spine injection procedures utilizing Quad Video Halo/ISP technologies. Each attending physician will receive a QVH recording of the cadaver procedure. Representing QVH will be SPIN CEO Dr. Donovan, QVH President, David Spencer, Matt DeGaetno, VP Sales and Marketing and Tim Donovan, VP of Business Development.

Dr. Donovan stated; “This will be the second leg of the Boston Bio Life tour QVH has sponsored. In July of this year, the QVH v.3 was introduced for the first time at the BBL, Boston Workshop to interested physicians. Of the estimated 80 Doctors in attendance at the Boston venue, we have entered into many NDA’s for possible QVH sales. As of last week, the Company now has the ability to facilitate third party financing for prospective purchasers, both loan and lease.

Donovan went on to say: “The boutique BBL Workshops around the country have a broad following of innovative doctors who grasp the need for continuously updating of new technologies. BBL’s target market is that of fast growing regenerative medicine, particularly for pain, which in most cases require a fluoroscopic C-Arm for accurate delivery. After our presentation in front of attendees, each attendee will have an opportunity to see the QVH ‘in action’ creating real time video documentation at their hands working with human cadavers.”

About Boston Bio Life

Boston BioLife is an organization that provides workshops that specialize in educational programs in the life sciences technologies for physicians and scientists interested in learning regenerative medicine. Our mission is to offer a “boutique style” forum, in which, we facilitate the understanding of emerging life sciences technologies by scientists and healthcare providers in a position to make an impact on people’s lives. Boston BioLife is proud to introduce companies and innovations that may not otherwise be recognized and to provide scientific studies and background that ensures validation.

More information on Boston Bio Life Workshops can be found at their website. www.bostonbiolife.com/

About Spine Injury Solutions, Inc:

We are a medical finance and technology company facilitating diagnostic services for patients who have sustained spine injuries. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries. Our services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc. brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare service demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact
Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713 521-4220

Spine Injury Solutions Increases Management Staff With Appointment of Dr. Matthew J. DeGaetano To New Position Of Sr. VP Sales & Marketing of Quad Video Halo Inc.

By | News Releases, Uncategorized | No Comments

HOUSTON, Aug. 11, 2016 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce the appointment of Dr. Matthew J. DeGaetano DC, to the newly formed position of Senior Vice President of Sales & Marketing. In this position, Dr. DeGaetano will also oversee all aspects of Sales and Marketing in SPIN’s wholly owned Subsidiary, Quad Video HALO™, Inc.

Dr. Matthew (Matt) J. DeGaetano’s Background.

A graduate of Parker Chiropractic College with an additional 300 hours of postgraduate training in the American Chiropractic Rehabilitation Association Diplomate Program, Dr. Matthew J. DeGaetano has accumulated postgraduate training in neurology, whiplash and brain traumatology, and is certified in Colossus claim evaluation software. He is a member of the American Academy of Disability Evaluating Physicians, and is also a Peer Review Medical Evaluator in the state of Texas.

Dr. DeGaetano’s areas of expertise include whiplash and brain trauma, the biomechanics of spine trauma, soft tissue injury and repair, pain and proprioceptive neurology, and the management of spine and spine-related disorders.

In the course of his 19-year professional career, Dr. DeGaetano has focused on improving communications between medical doctors and chiropractors. He has developed a series of programs with courses, seminars and training modules to educate medical professionals on the evaluation and treatment of musculo-skeletal injuries. Over the past eight years through his own consulting company, he has provided on-line and one-on-one case handling, marketing, and management to over 600 primary clients.

Dr. DeGaetano has worked with major corporations such as Federal Express, Photocircuits Corporation and Xerox on ergonomics, risk management and similar topics. He has worked with medical doctors and chiropractors all over the United States to help professionals work together across disciplinary lines for the benefit of the patients they serve. His services for professionals include training on trauma, the biomechanics of vehicular crash injuries, clinical trauma case management, and damages claim documentation issues and strategies.

Dr. Donovan stated; “One of our board members introduced us to Dr. DeGaetano as we were developing our Quad Video HALO. It didn’t take him long to share our excitement in this medical video technology and data mining device as a “hole-filling” solution for many of his 600+ consulting clients. He is respected in the medical community for his ability to bring in complex anatomical and physiological factors in the perspective of case management, decision-making and documentation in injury cases.” Donovan went on to say; “While we knew we had developed a unique transparency device in the QVH, we needed to expand our selling and marketing efforts. Since becoming an independent sales representative, Dr. DeGaetano was able to sell our first third party QVH 3.0. I cannot tell you how excited we are that Matt, realizing what upside potential we had in SPIN/QVH once additional specialized Marketing was put in place, has joined the company as Sr. VP Sales & Marketing.”

Dr. DeGaetano said; “Based on my almost two decades of providing consulting services to thousands of individuals in the Medical sector, there is no question in my mind that what SPIN/QVH has developed is a tool that can help patients receive appropriate, necessary and reasonable treatment. Having worked only for myself since entering the work force, I never thought I would see the day I would be employed by someone else. However, when Dr. Donovan approached me with the opportunity to apply my own expertise, which has been specifically in the same market as SPIN and QVH, in developing and executing the marketing plan of QVH products, I could not turn down the opportunity.”

About Spine Injury Solutions, Inc.:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact
Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713 521-4220

Spine Injury Solutions, Inc. Reports Q2 2016 Financial Results and Reminds for Conference Call at 4:20 EDT Today

By | News Releases | No Comments
  • New Sr. VP of Sales & Marketing Appointed
  • Q2 First Third Party Direct Sale of New QVH v.3.0
  • Q2 YoY Net Loss Reduced, -$91,987 or -$.005 PS from vs Loss of -$250,184 or -$.013 PS
  • Q2 YoY Gross Margin Increased to 66% from 59%
  • Conference Call Dial-in info provided below

HOUSTON, Aug. 11, 2016 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, and healthcare solution company servicing the multi-billiondollar spine injury sector, reports Q2 2016 financial results and will hold an interactive video Investor conference call today Thursday, August, 11, 2016, at 4:20 p.m. (EDT) to discuss the Company’s financial results for second quarter 2016 and provide an update on its current and future business initiatives. In addition, new Sr. VP of Sales & Marketing Dr. Matthew DeGaetano will be introduced.

Dr. Donovan, Chairman CEO stated, “Q2 was a busy quarter in transitioning SPIN’s wholly owned subsidiary Quad Video HALO, from a development company, to now include sales. I am happy to say by quarter’s end,we were successful in placing one QVH v.3.0 unit into service. This unit was recorded as a purchase, with an option to buy additional units in the Dallas/Ft. Worth metroplex.  This unit was placed with a seven doctor interventional pain management group.  This group has a total of four centers in the metroplex area.  A second unit was placed at a test site to explore the use of “per click” charges for QVH technology.

Donovan went on to say, “Also during the quarter, Management attended the Boston Bio Life Stem Cells / Regenerative Medicine Workshop in Boston as an exhibitor and cadaver lab participant. At the workshop, each of the attendees had the opportunity to work with the QVH 3.0 in real time on cadavers. Many of the attendees were representatives of multi-location practices.  The real-time feedback was positive with many leads now being followed up by our sales department.”

Results of Operations

Comparison of the three month period ended June 30, 2016 with the three month period ended June 30, 2015.

We recorded $892,926 in gross revenue for the three months ended June 30, 2016, offset by $358,142 of the expected settlement discount resulting in net revenue of $534,784.  For the same period in 2015, gross revenue was $1,083,138, offset by $514,965 of the expected settlement discount, resulting in net revenue of $568,173.  The decrease in revenue is attributed to lower sales volume during the quarter, primarily in the San Antonio market. We are currently providing technology and funding services with five spine injury diagnostic centers in the United States, which are located in Houston, Texas; Odessa, Texas; Tyler, Texas; Dallas, Texas and El Paso,, Texas.  Additionally, we recorded our first sale of a Quad Video Halo unit for $60,000,

Service cost was $184,789 for the three months ended June 30, 2016 compared to $232,541 for the same period in 2015.  The decrease is due mainly to lower volume.

During the three months ended June 30, 2016, we incurred $414,419 of operating, general and administrative expenses compared to $479,236 for the same period in 2015. The decrease is attributable to decreases in (i) consulting expenses of approximately $34,000, (ii) marketing costs of approximately $10,000, (iii) legal costs of approximately $14,000, (iv) travel expenses of approximately $17,000 (v) amortization costs of $5,000, coupled with an increase of approximately $12,000 in bad debt costs and other net general and administrative expenses of approximately $3,000.

During the three months ended June 30, 2016, we incurred $13,698 of research and development expenses compared with the $93,530 for the same period in 2015.  The higher cost in 2015 is attributable to the engineering and testing fees paid to verify the Quad Video Halo (“QVH”) meets the professional testing requirements for medical equipment to be used in hospitals, surgery centers, and other healthcare facilities. Similar testing was not required in 2016. We continually improve and refine the QVH resulting in additional expense.

As a result of the foregoing, we had net loss of $91,987 for the three months ended June 30, 2016, compared to a net loss of $250,184 for the three months ended June 30, 2015.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Thursday, August 11, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Thursday, August 11, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/836574793530103042 Or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com  Webinar ID: 152-482-787

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number:  1 (562) 247-8422 
Participant Access Code: 913-582-427

Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

http://www.spinepaininc.com/investor-information.php

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries. Our technology and financial services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented and CE Certified Quad Video HALO™ and HALO Rx™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both Invasive and Minimally Invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Spine Injury Solutions Schedules Interactive Conference Call

By | News Releases | No Comments

Houston, Aug. 05, 2016 (GLOBE NEWSWIRE) —

Spine Injury Solutions Schedules Interactive Conference Call to Present 2nd Quarter 2016 Financial Results and Provide Business Development Update

HOUSTON, August 5, 2016 — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for August 11, at 4:20 p.m. (EST) to discuss the Company’s financial results for Q2 2016, business initiatives and provide an update on expansion plans for its Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0 (QVH3) and HALO Rx™. Shareholders Question & Answers will follow.

Spine Injury Solutions intends to issue its Q2 2016 financial results on Thursday, August 11, 2016 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Thursday, August 11, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A. The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions. Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.
Access to the Call: To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation. You can register at any time. As mentioned above, the call is Thursday, August 11, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/836574793530103042 Or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com Webinar ID: 152-482-787

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console. You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations. Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4

If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number: 1 (562) 247-8422
Participant Access Code: 913-582-427

Conference Play Back: A video replay of the conference call presentation will be available several hours after the completion of the call at the company website: http://www.spinepaininc.com/investor-information.php

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our technology and financial services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented and CE Certified Quad Video HALO™ and HALO Rx™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both Invasive and Minimally Invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact

Dr. William F. Donovan
 Chairman, President & CEO
 Spine Injury Solutions, Inc.
 713-521-4220

Spine Injury Solutions Gives Quad Video HALO™ Update

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HOUSTON, July 07, 2016 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce the 3rd party placement of two of its Quad Video HALO (QVH) units in the Dallas-Ft Worth Metroplex and El Paso TX. The Dallas area QVH v.3 was an outright sale and the El Paso is a trial of an additional new “per Use” business model. Additionally, QVH Inc., a division of Spine Injury Solutions Inc., will be presenting and demonstrating at Boston Bio Life workshop, July 16-17.
The Dallas-Ft Worth  Metroplex sale was for one QVH v.3 with an option to buy two additional units. It was placed with a seven doctor Interventional Pain Management Group who have a total of four Centers in the Metroplex area. While this group is currently doing a minimal amount of Personal Injury cases with the intention of growing the area, their main interest as of now is for Documentation and Education. This latter area also spreads to their sharing affiliation with an adjoining independent cadaver lab.

The El Paso placement is to an Ambulatory Surgery Center (ASC) which is also beginning to add personal injury cases, but primarily is adding the unit for transparency though documentation, risk reduction and education. This placement, rather than an outright sale at this time, is being looked at by the Company as a trial for an additional outlet for QVH v.3 and QVH Rx placements whereby SPIN effectively “leases” a unit to the facility and is compensated on a “per use” basis. They are also considering the addition of QVH Rx unit. Both the QVH v.3 and QVH Rx are well suited for this new business model in that both products are connected and monitored in real time to home office servers 24/7 creating instant validation when in use.

Boston Bio life Workshop – Quad Video HALO will be a participating sponsor at the “Hands–On Stem Cell Therapies and Biologics for the Clinical Application of Pain Management”, July 16-17 at the Hyatt Regency Boston Harbor Hotel. Attendees are primarily pain management specialist, orthopedic physicians, rehabilitation specialists, sports medicine physicians, osteopathic specialists and physical medicine specialists. Aside from presenting QVH in the forum setting before all attendees, SPIN’s QVH v.3 will be featured as an integral part of the “hands on” workshops involving “cutting edge” injection procedures. Representing QVH will be SPIN CEO Dr. Donovan, QVH President, David Spencer and QVH NE Director of Marketing, James Schwartz.

Dr. Donovan commented: “All new innovative products look forward to that commercial ‘first sale’, but not all achieve it. What made this first outright QVH v.3 sale to the Dallas group even more exciting was its opening the QVH v.3 to a much larger potential market then we first envisioned. While the QVH v.3 was developed to be ‘plug and play’ for the vast majority of newer generation all digital fluoroscopic C-arms, we were able to create a flawless adaptation to an earlier generation Siemens analog unit. The significance of this is a vast expansion of the potential market world-wide. I am equally excited about the El Paso ‘per use’ QVH v.3 placement in that it lowers the entry level for early adopters who are given the option to purchase the unit at any time. The innate nature of QVH being linked 24/7 to QVH home office servers and the ‘cloud’ made this a logical option for us to offer. These two placements are the early fruits of our Q1 Joint Marketing Agreement with Personal Injury Institute and Dr. DeGaeatano. I might add that Dr. DeGaeatano has also developed strong interest in QVH with several other groups, some with double digit unit potential.”

Donovan went on to say: “We are looking forward to the Boston Bio Life (BBL) Workshop late next week.  BBL Workshops around the country have a broad following of innovative doctors who grasp the need for continuously updating their grasp of new technologies. BBL’s target market is that of fast growing regenerative medicine, particularly for pain, which in most cases require a fluoroscopic C-Arm for accurate delivery. After our formal presentation in front of all attendees, each attendee will have an opportunity to see the QVH ‘in action’ creating real time video documentation at their hands working with human cadavers.”

About Boston Bio Life

Boston BioLife is an organization that provides cutting edge workshops that specialize in educational programs in the life sciences technologies for physicians and scientists interested in learning regenerative medicine. Our mission is to offer a “boutique style” forum, in which, we facilitate the understanding of emerging life sciences technologies by scientists and healthcare providers in a position to make an impact on people’s lives. Boston BioLife is proud to introduce companies and innovations that may not otherwise be recognized and to provide scientific studies and background that ensures validation.

More information on Boston Bio Life Workshops can be found at their website. www.bostonbiolife.com/ 

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.

A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.

Additional information about QVH can be found at its website: www.quadvideohalo.com.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.

Company Contact
Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713 521-4220

Spine Injury Solutions, Inc. Reports Year Over Year 60% Revenue Increase And Return to Profit In Q1 2016 And Reminds Investors of Conference Call at 4:20 EDT Today

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  • Q1 Net Revenues Increased 60% YoY to $667,294 from $416,298 
  • Q1 YoY Net Income $53,139 or $.003 from vs Loss of $ (354,866) or ($.018) 
  • Gross Margin Increased to 66% from 52% 
  • All Revenues and Income Derived from Legacy Personal Injury Funding 
  • New Fully US and EU Certified QVH™ v.3.0 and QVH CARE™ VideoTeleShare installed in SPIN Affiliate Centers 
  • Strategic Sales & Marketing Agreement Signed with Personal Injury Institute (PII) & Northeast. Director of QVH Sales & Marketing Retained

HOUSTON, May 12, 2016 (GLOBE NEWSWIRE) — Spine Injury Solutions, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, reports Q1 2016 financial results and will hold an interactive video Investor conference call today Thursday, May, 12 2016, at 4:20 p.m. (EDT) to discuss the Company’s financial results for first quarter 2016 and provide an update on its current and future business initiatives.

Additional Q1 2016 Highlights and Subsequent Events.

  • Completed All QVH v.3 Certification Testing Receives CE Mark for EU Sales
  • Awaiting EU Patent Pending for the sales representation of 1st EU QVH in Germany
  • Successfully Develops New Product HALO Rx™ For Full Operating Room use.
  • Developed two new leasing programs for QVH, both Affiliate & 3rd Party Sales.
  • Ended Q1 2016 with Strong Cash & Available Credit facilities in spite of QVH R&D costs
  • Significantly increased operational efficiency of Core business as seen by Improved top and bottom line, lower SG&A and strong increase in Gross Margins.
  • Signed Strategic Marketing Agreement with Certified Colossus Expert Dr. Matthew DeGaetano and his Personal Injury Institute (PII) to both expand marketing reach of QVH and “Value Add” PII training to SPIN & QVH clients to accelerate and Increase PI Settlements.
  • Added James Schwartz, experienced Sales & Marketing Rep as QVH North East Manager of Sales & Marketing.

Dr. Donovan, Chairman CEO stated; “After eight consecutive quarters of losses which coincide with Management’s decision to cease doing business in Florida and McAllen TX, causing the loss of over 70% of SPIN’s revenue base at the time, along with the beginning of upgrading & certifying QVH for 3rd party sales. Management is pleased to report positive earnings for Q1 2016. This turning to profitability is particularly noteworthy in that it was accomplished before the first sales of any 3rd Party QVH programs, proving that the core Business Model of Financing Personal Injury cases, particularly when paired with the internal Affiliate QVH 3.0, is the excellent business model we envisioned. We expect cash from QVH sales will now be the driver to fulfil and accelerate our long awaited vision of SPIN delivering exceptional growth to its shareholders.” Donovan went on to say; “I strongly suggest shareholders and other interested parties, particularly Personal Injury Attorneys and Doctors, to participate in our Conference Call, or if not possible, view the video replay on our website after the fact. Aside from meeting our new N.E. Manager of Sales & Marketing , the highlight of our call is our special guest, long time Houston based SPIN client and advocate, PI Attorney, Larry Tylka. We have provided additional information on the two below:

About James Schwartz– Jim, who joined the Company in April is based in the SE Pennsylvania and will initially be servicing the US NE Corridor. He is a Temple University Graduate with over 20 years as a Sales & Marketing Rep. He has an extensive background in External Sales of Products & Programs specifically addressing areas of interest to SPIN and QVH, to include: Personal Injury and Liability insurers as a top rep for Judicate Inc., an Arbitration & Mediation Services Company in the 1990’s working in Southern California. In early 2000’s he Joined CardioReady setting up its PA, NY and NJ territory selling Defibrillators. Moving on in the late 2000’s where he became PA Territory Sales Manager for Align Tech’s Invisalign brand where he reached “Presidents Club” status, selling and training Doctors and Staff. Most recently he was Territory Sales Manager for Transformation Enzymes, Inc. for Mid-Atlantic Region Educating and selling their Enzyme Products specifically to Chiropractors.

Jim, who with his family are long time significant shareholders of SPIN, came to us once the QVH received its final certification.  His excitement for our QVH, long sales and training experience mainly in and to our Specific Markets along with historical knowledge of our products made him a “natural” to “kick-off” our National Sales Effort. You will get to meet Jim on the Conference Call today.

About Larry Tylka Esq. -Additionally on the Conference Call, we are extremely happy to have Larry Tylka, a well-known Houston area Personal Injury Attorney who has been a long time attorney client of SPIN and strong advocate for our QVH and the Colossus™ software education and training we provide our medical and legal clients. He will address how the addition of SPIN’s Products and Services can increase settlements and judgements.  What makes Larry’s perspective even more compelling is that he started his legal profession as a Defense Attorney specifically representing PI Liability Insurance carriers before switching to the Plaintiff side.

Results of Operations

Comparison of the three month period ended March 31, 2016 with the three month period ended March 31, 2015.

We recorded $1,162,621, in gross revenue for the three months ended March 31, 2016, offset by $495,357 of the expected settlement discount resulting in net revenue of $667,264.  For the same period in 2015, gross revenue was $877,231, offset by $460,933 of standard allowance for discount, resulting in net revenue of $416,298.  Revenue was positively affected by higher revenue collection percentage of 52% vs 48% last year and more volume in 2016 due to the Tyler location not being open in the first quarter of 2015. For the three months ended March 31, 2016, we managed four spine injury diagnostic centers: Houston, Texas; San Antonio, Texas; Tyler, Texas and Odessa, Texas.  Service cost was $228,310 for the three months ended March 31, 2016 compared to $180,966 for the same period in 2015. The increase in service cost is attributable to the higher case volume since we added the Tyler location in 2016.

During the three months ended March 31, 2016, we incurred $366,513 of operating, general and administrative expenses compared with the $482,013 for the same period in 2015.  Operating, general and administrative expenses were lower for the 2016 quarter compared to 2015 primarily because of a reduction in legal expenses, payroll expenses, consulting fees, and marketing expenses totaling approximately $122,000. The higher costs for the quarter ended March 31, 2015 were mostly incurred in connection with the commercialization of the QVH. We also spent $6,149 in research and development costs as compared to $82,468 in 2015.  Overall, we had $110,519 in non-cash operating charges in 2016 compared to $132,222 in non-cash operating expenses for the three months ended March 31, 2015.

As a result of the foregoing, we had net income of $53,159 for the three months ended March 31, 2016, compared to $345,866 of net loss for the three months ended March 31, 2015.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Thursday, May 12, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.

Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Thursday, May 12, at 4:20 p.m. (EDT).

Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions:

https://attendee.gotowebinar.com/register/4929194564563296769 

Or if the above link doesn’t work, please try the following:

http://www.joinwebinar.com     Webinar ID: 103-330-835

Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be online at the presentation website during the internet presentation where a unique Audio PIN # will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A.

The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.)

YouTube webinar instructions: http://youtu.be/n7b1VHDwwD4
If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in “listen only” mode for the duration of the call.

Conference Dial-in Number:  1 (415) 655-0060 
Participant Access Code:  775-920-041

Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website:

www.spinepaininc.com

About Spine Injury Solutions, Inc:

We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.

Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented and CE Certified Quad Video HALO™ and HALO Rx™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using our latest VideoTeleShare hardware/software advancement in providing video transparency to both Invasive and Minimally Invasive medical procedures.

Additional information about QVH, can be found at its website at www.QuadVideoHalo.com

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.
Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220