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Spine Injury Solutions Inc

Spine Injury Solutions, Inc. Reports Marked Improvement in both Q4 and Year End 2015 Financial Results over 2014 and Reminds for Conference Call at 4:20 EST Today

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– Q4 Net Revenues Increased 123% YoY to $694,947 from $311,910
– Q4 YoY Net Loss/Per Share Decreased from $ 665,096 (-$.036), to $ 239,693 (-$.012)
– Full Year Revenue Increase from $2,046,977 to $2,192,182 YoY
– 2015 Gross Margin Increased to 61% from 52% 2014
– Full year Net Loss YoY Decreased from -$1,692,658 in 2014 to -$1,057,604 in 2015
– Full year YoY net loss decreased from $.09 to $.05 EPS

HOUSTON, March 29, 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, reports 2015 financial results and will hold an Investor conference call on Tuesday, March, 29 2016, at 4:20 p.m. (EST) to discuss the Company’s financial results for 2015 and provide an update on its current and future business initiatives.

2015 Highlights and Subsequent Events.

  • New Funding Diagnostic Facility Added in Tyler TX
  • Quad Video HALO™ V3.0 receives final Patent
  • Completed All QVH v.3 Certification Testing Receives CE Mark for EU Sales
  • Negotiating the opening of 1st EU QVH office 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.
  • Added Jeffrey Cronk DC J.D. Nationally Recognized Spine Injury Specialist to Board
  • Completed Name Change to more properly reflect current business models.
  • Ended 2015 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 Renown 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.

Results of Operations

For the year ended December 31, 2015 versus 2014:

We recorded $2,192,182 in net revenues with $849,756 in costs of services and gross profit of $1,342,426 for the year ended December 31, 2015. For the year ended December 31, 2014, we recorded $2,046,977 in net revenues with $980,811 in costs of services and gross profit of $1,066,166. Revenue for 2015 was up due to a higher collection percentage experienced for our Texas affiliates.

We recognize revenue by reference to “net revenue,” which is gross amounts billed using CPT codes less account discounts that are expected to result when individual cases are ultimately settled. A discount rate of a 48% and 52%, based on settled patient cases, was used to determine net revenue during 2015 and 2014, respectively. Accordingly, we had gross revenues of $4,384,362 with net revenues of $2,192,182 for the year ended December 31, 2015, versus gross revenues of $4,239,164 with net revenues of $2,046,977 for the year ended December 31, 2014.

Expenses

For the year ended December 31, 2015 versus 2014:

Operating, general and administrative expenses for the year ended December 31, 2015 were $2,085,986 as compared to $2,443,386 for the year ended December 31, 2014. The decrease in operating expenses was primarily the result of fewer legal costs, consulting costs, and marketing costs.

Bad debt expense, included in operating, general and administrative expenses, totaled $467,600 and $300,000, respectively, for the years ended December 31, 2015 and 2014. The increase in bad debt expense is primarily attributable to our decision to discontinue doing business in Florida in 2014, which has resulted in limited personnel and affiliates in the region to assist in collection efforts. We increased the allowance related to Florida to reflect collection trends in Florida.

Other income (expense) for the year ended December 31, 2015 was an expense of $52,267 as compared to expense of $265,269 for the year ended December 31, 2014. For the twelve months ended December 31, 2015, other income of $10,234 offset by interest expenses of $62,501 resulting in the $52,267 expense. For the year ended December 31, 2014, other income was $23,219 offset by expenses of $288,488 totaling the expense of. $265,269. Included in the 2014 expenses was a non-cash charge of $56,078 for the restructuring charge of certain debt. The decrease in expense 2015 versus 2014, other than the noncash charges, is primarily attributable to the restructuring of our debt from high interest notes to our line of credit with Wells Fargo which bears interest at the 30 day London Interbank Offered Rate (“LIBOR”) plus 2%, resulting in an effective rate of 2.42% at December 31, 2015.

Net Income or Loss

For the year ended December 31, 2015 versus 2014:

Net loss for the year ended December 31, 2015 was $1,057,603 compared to net loss of $1,692,658 for the year ended December 31, 2014. Higher revenues, lower operating expenses, coupled with reduced interest costs, and lower personnel costs to develop and market the Quad Video Halo, resulted in net loss decreasing in 2015 from 2014.

(The full SEC Filing form 10K 2015 can be found at: http://www.sec.gov/cgi-bin/browse-edgar?company=Spine+Injury+Sol&owner=exclude&action=getcompany)

Spine Injury Solutions Inc. CEO, Dr. William Donovan stated, “It has been an extremely busy year for SPIN and particularly its wholly owned QVH Subsidiary. In spite of numerous unexpected delays and costs paired with the decision to expand the reach of QVH Internationally, Management is proud to have delivered a vast financial improvement over recent years in both top and bottom line. Combining our 2015 Financial Results along with the addition of two nationally renowned Personal Injury Experts to the SPIN family, Dr. Jeffery Cronk JD to our Board and Dr. Matthew DeGaetano to our Sales and Marketing effort, can only be credited to our time proven core Affiliate business model and impressive and unique Quad Video HALO product line.

2015 is the first year where our Diagnostic Affiliates were using the enhanced QVH. Though we may have handled some 20% fewer cases (due to terminating our several Florida Affiliates in early 2014) we still managed to beat the prior year top and bottom line, the later significantly; and dramatically increase our Gross Margin Year over year by some 26%. This is tangible proof of our prior belief that by using the QVH, cases would settle quicker and for higher amounts.

Secondly, further validation to the perceived efficacy and need for our unique QVH system was achieved by attracting Jeff Cronk and Matt DeGaetano, both successful expert visionaries and true victim advocates in PI field, to the SPIN Family.”

Donovan went on to say; “While everyone, including management, would like to think that such a revolutionary and needed product such as QVH, ‘should be flying off the shelf’ if it is so good, certain important points should be considered. It is a unique product being delivered by a new company in the medical diagnostics field at a time of considerable belt tightening by medical facilities. The company has taken steps to strengthen its sales and marketing efforts dealing with the QVH. With our own internal evidence based on 2015 results and the addition of Cronk and DeGaetano, we now feel we are positioned for a stronger year ahead. I encourage all interested parties to join us on our Interactive video conference call today where in addition to Management, Dr. DeGaetano and Dr. Cronk will be available for Q&A.”

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Tuesday, March 29, 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 Tuesday, March 29, 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/9027192048125140484

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

http://www.joinwebinar.com Webinar ID: 118-913-691

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: 790-720-725

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.spineinjurysolutions.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 Quad Video HALO™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using the latest Tele-Medicine 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 to Present Full Year 2015 Financial Results and Provide Business Development Update

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HOUSTON, March 24, 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, today announced that it has scheduled an Investor conference call for Tuesday, March 29, at 4:20 p.m. (EDT) to discuss the Company’s financial results for  2015, business initiatives and provide an update on expansion plans for its core Personal 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 Full Year 2015 financial results on Tuesday, March 29, 2016 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Tuesday, March 29, 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 Tuesday, March 29, 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/9027192048125140484

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

http://www.joinwebinar.com     Webinar ID: 118-913-691

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:  790-720-725

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.spineinjurysolutions.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 the latest Tele-Medicine 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 Enters Strategic Marketing Partnership With Personal Injury Institute

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HOUSTON, March 17, 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 signing of a Strategic Marketing Partnership with Dr. Matthew DeGaetano, CEO and Founder of Personal Injury Institute (PII). PII and Dr. DeGaetano, considered one of the nation’s top certified Colossus software experts, are nationally recognized as the foremost educators of Doctors and Attorneys in maximizing returns for patient/client Personal Injury lawsuits. In today’s technology oriented personal injury environment, the mainstay of the PII liability insurance carriers is Colossus software in quickly evaluating perceived value of a case from the insurance company side. Doctors and Attorneys who fully understand the significance and proper application in directly addressing the 750 plus “value drivers” of Colossus interpretation of presented cases, typically achieve considerably higher value and quicker settlements. Pairing PII’s educational techniques with SPIN’s proprietary patented Quad Video HALO™ (QVH) Video Transparency Systems will bring a new powerful dynamic to the $100 Billion plus, PII market.

Dr. Donovan stated; “Personal Injury Institute brings a fresh perspective to the personal injury claims process, assisting doctors on patient outcomes for maximum patient retention. Dr. DeGaetano has stayed on top of changing insurance laws and has set up a national network of attorneys and doctors in more than 45 states. Dr. DeGaetano has uncovered redundancies in the personal injury arena and has personally consulted for more than 550 offices and have educated thousands of doctors and law firms. He is respected in the legal and medical community for his ability to bring in complex anatomical and physiological factors in the perspective of case management, decision-making and documentation in personal injury cases.” Donovan went on to say; “With the ‘end goal’ of PII’s curriculum being that of creating quicker and maximum returns for its plaintiff side student and clients, we at SPIN are quite proud that he has chosen our QVH systems as a key recommended ingredient to include in its curriculum.”

Dr. DeGaetano said; “In this modern high tech era, the Insurance Companies through cohesive collaboration have invested hundreds of millions of dollars to gain monetary advantage in settlements over typically “old-school” paper based medical and legal document PI case presentations. Personal Injury Institute has partnered with Spine Injury Solutions and its Quad Video HALO Division to level the playing field. This partnership signifies a transformation in the personal injury arena by using complex details related to insurance company software such as Colossus and related products with Spine Injury Solutions innovative video transparency products, QVH and QVH Rx. With the ever increasing requirements from the insurance industry and the Colossus, Personal Injury Institute and Quad Video HALO will make personal injury case management easier and more understandable for defense firms and adjusters.” Dr. DeGaetano went on to say; “Providing very specific documentation and live recorded procedures, offers irrefutable evidence of need and proof of injury. The combined insights of managing claims based on value drivers and high definition video technology has never been seen in personal injury before. This technology will change the way personal injury will be managed like it never has been before.”

About Personal Injury Institute

PII and Dr. DeGaetano has worked with medical doctors, chiropractors and law firms all over the United States to help professionals work together across disciplinary lines for the benefit of the patients and clients they serve. He emphasizes an improved understanding of insurance industry claim evaluation and settlement practices as the foundation of better patient and client service. His services for professionals include training on Colossus insurance industry claim evaluation software, personal injury trauma, the biomechanics of vehicular crash injuries, clinical trauma case management, and damages claim documentation issues and strategies.

In addition to his work with the Personal Injury Institute, Dr. DeGaetano currently maintains several clinical practices in Dallas-Fort Worth while serving as director for marketing and business development with 20 other practices in chiropractic treatment, orthopedic surgery and pain management.

Based in Dallas Fort Worth, the Personal Injury Institute provides personal injury training and marketing advice to medical, chiropractic, alternative health care and legal professionals across the United States, including in Texas, California, Florida, New York, Pennsylvania, Illinois and Louisiana. http://www.personalinjuryinstitute.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

Medtech group Spine Injury Solutions (OTC:SPIN) added 2.38% to US$0.43 as it got key certifications for its Quad Video HALO System.

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The firm provides services for patients who have sustained spine injuries resulting from traumatic accidents.

Medtech group Spine Injury Solutions (OTC:SPIN) added 2.38% to US$0.43 as it got key certifications for its Quad Video HALO System.
The device is a medical real-time video and documentation accessory and it means it has now completed requirements for sales and marketing of medical applications under both US and EU standards.
Dr William Donovan, chief of Spine Injury Solutions, said: “The QVH has undergone rigorous internal testing and has been used to great success in conjunction with SPIN’s medical affiliates in a diagnostic program for treating more than a thousand spine injury cases.
“The QVH not only provides protection for the medical provider, through secure video transparency and real-time documentation of the procedures, but also gives great comfort to the patient knowing his or her medical provider will ‘do his best’ in performing the procedure.”
He added: “Two years ago we realized the potential of the QVH. And, that with modifications, it could be expanded dramatically outside our own needs, not only for use with the tens of thousands of fluoroscopes (both fixed and portable) currently in service, but also in operating rooms world-wide.”
The firm says it’s now been in discussions with various groups about sales, leasing and marketing of the QVH both in the USA and Europe with focus on teaching hospitals, pain management groups, factoring companies, who deal with personal injury A/R cases, ER/ urgent care centers and hospitals.

Spine Injury Solutions Inc. Reports 3rd Quarter 2015 Financial Results and Reminds for Conference Call at 4:20 EST Today

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HOUSTON, Nov. 12, 2015 (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 Q3 2015 financial results and will hold an Investor conference call on Thursday, Nov. 12, 2015, at 4:20 p.m. (EST) to discuss the Company’s financial results for First Quarter 2015 and provide an update on its business initiatives.

Q3 Highlights and Subsequent Events

QVH V. 3.0 Finalized, submitted and is now in its final stages of EMC/EMI Product Safety testing for both Foreign and Domestic Certification

  • Completed All QVH v.3 EMC Certification Testing and awaiting final safety Certification for overall approval.
  • Developing new leasing programs for QVH, both Affiliate & 3rd Party.
  • Initial QVH sales awaiting Official final Certification
  • Completed Name Change to more properly reflect current business models.
  • Reduced loss in Q3 to -$219,674 (-$.01 EPS) from Q3 2014 $394,030 (-$.02 EPS)
  • Ended Q3 15 with a 3-1 Current ratio with $1.2 million in positive Working Capital
  • Ended Q3 15 with $1.1 million in available cash and 2.17% credit facilities
  • Added a new Board member, Dr. Jeffery Cronk, DC JD, a  pro-active patient advocate for medical transparency and consultant to the Personal Injury legal area.

Q3 2015 Financial Results

Comparison of the three month period ended September 30, 2015 with the three month period ended September 30, 2014.

We recorded $1,110,533 in gross revenue for the three months ended September 30, 2015, offset by $597,770 of the expected settlement discount resulting in net revenue of $512,763.  For the same period in 2014, gross revenue was $1,130,636, offset by $590,117 of the expected settlement discount, resulting in net revenue of $540,519.  We are currently affiliated with four spine injury diagnostic centers in the United States, which are located in Houston, Texas; Odessa, Texas; Tyler, Texas; and San Antonio, Texas.

Service cost was $221,557 for the three months ended September 30, 2015 compared to $241,592 for the same period in 2014.  The decrease is due mainly to lower volume.

During the three months ended September 30, 2015, we incurred $409,532 of operating, general and administrative expenses compared with the $582,304 for the same period in 2014. The decrease is attributable to decreases in (i) directors and officer compensation of approximately $21,000, (ii) marketing costs of approximately $63,000, (iii) depreciation and amortization expense of approximately $19,000, (iv) travel expenses of approximately $20,000, (v) legal expenses of approximately $13,000 and (vi) consulting costs of $67,000, coupled with an increase of (i) approximately $23,000 in payroll and benefits costs, (ii) subscriptions costs of approximately $5,000, (iii) rent expense of approximately $4,000 and (iv) decreases in other net general and administrative expenses of approximately $1,000.

During the three months ended September 30, 2015, we incurred $89,512 of research and development expenses compared with $17,207 for the same period in 2014.  The increase is attributable to the engineering and testing fees paid 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. We believe without this testing currently being performed, the QVH will not be accepted into certain healthcare markets.

As a result of the foregoing, we had a net loss of $219,674, or $.01 per share for the three months ended September 30, 2015, compared to a net loss of $394,030, or $.02 per share for the three months ended September 30, 2014.

(The full SEC Filing form 10Q 2015 can be found at: http://www.sec.gov/cgi-bin/browse-edgar?company=Spine+Pain+m&owner=exclude&action=getcompany)

Spine Injury solutions’ CEO, Dr. William Donovan stated, “While it has been a frustrating three months since out last earnings report regarding the final Certification of our Quad Video HALO, it has also been a very productive quarter in setting up your Company for an exciting year ahead in both SPIN’s core business of funding injections procedures for accident victims and 3rd Party sales of our QVH. I now fully understand the difficulty in dealing with the Certification bureaucracy in a medical environment.”

Donovan went on to say; “On the last earnings release, we disclosed a new variation of our QVH specifically for use in Operating Room environments to include invasive procedures outside of the Spine. Subsequently we named this new revenue source, HALO Rx™. The hospital where we performed the test has asked us to submit a proposal for installation of the HALO RX in multiple OR’s and are awaiting a final decision.

“Additionally, we changed the name of the Company to Spine Injury Solutions, Inc. to be more reflective of our evolving business models. We have also added Jeffery Cronk DC,JD as a new board member. As both a Chiropractor and Attorney, Dr. Cronk is known both nationally and internationally as a Consultant and strong Advocate for Medical Transparency for the Injured in Personal Injury legal cases. He will be a strong asset for both SPIN’s Diagnostic Funding as well as QVH. Jeffrey will be on today’s Conference Call as a panelist.” And finally, regarding SPIN’s financial results for Q3, “Considering the time and work put in by Management to both the QVH and QVH Rx, along with developing two leasing options for QVH, I am somewhat satisfied for now that we delivered an OK quarter, particularly in cutting the Q3 year over year loss almost in half from $394 thousand to $220 thousand and maintaining a strong cash position to enter Q4.”

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Thursday, November 12, 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. As mentioned above, the call is Thursday, November 12, at 4:20 p.m. (EST).

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/8709778431141753345

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

http://www.joinwebinar.com     Webinar ID: 104-062-955

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) 930-5321 
Participant Access Code:  975-227-199

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 Quad Video HALO™, a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using the latest Tele-Medicine 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

– See more at: http://globenewswire.com/news-release/2015/11/12/786784/0/en/Spine-Injury-solutions-Inc-Reports-3rd-Quarter-2015-Financial-Results-and-Reminds-for-Conference-Call-at-4-20-EST-Today.html#sthash.Xw4qlqs6.dpuf

Spine Pain Management, Inc. Changes Name to Spine Injury Solutions, Inc.

By | News Releases | No Comments

HOUSTON, Oct 07, 2015 (GLOBE NEWSWIRE) –Spine Pain Management, 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 changed its name to Spine Injury Solutions, Inc. to better reflect its role in the healthcare market and its evolution into a multidimensional enterprise involved in financial services, technology, marketing, management, billing, and collections. The company’s common stock will continue to trade under the ticker symbol “SPIN.”
“I am excited about the new name, as I believe it more accurately tells our story and embodies what we do,” said William Donovan M.D., the Chairman and Chief Executive Officer. “Underwriting necessary and appropriate treatment procedures for musculo-skeletal spine injuries performed by healthcare providers will continue to be one of our main focuses, but we have become more involved in other activities, including the advancement of our Quad Video Halo technology. The new name better communicates our strategic direction.”

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.spinepaininc.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the Patented Quad Video HALO(TM), a Highly Scalable Video Integrated Operating Room Technology that Meets the Demands of Medical Practices and Major Hospital Systems using the latest Tele-Medicine 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: William F. Donovan, M.D. Chairman, President & CEO Spine Injury Solutions, Inc.

Spine Pain Management Reports 2nd Quarter 2015 Financial Results and Reminder for Conference Call at 4:20 EDT

By | News Releases | No Comments

HOUSTON, Aug. 13, 2015 (GLOBE NEWSWIRE)

Spine Pain Management, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, reports Q2 2015 financial results and will hold an Investor conference call on Thursday, August 13, 2015, at 4:20 p.m. (EDT) to discuss the Company’s financial results for Second Quarter 2015 and provide an update on its business initiatives.

Q2 Highlights and Subsequent Events

  • Quad Video HALO™ (QVH) received a broad final U.S. Patent Application No. 9,084,577 B2
  • QVH V. 3.0 finalized, submitted and is now in its final stages of EMC/EMI product safety testing for both foreign and domestic certification
  • Successful first trial of “un-docked” model of QVH3 outside of fluoroscopy in major surgical procedure
  • Opened a new pain injection affiliate center in Tyler, TX on June 28th
  • Improved top and bottom line Q2 over Q1 2015 by 36% and 38%- loss per share decreased from $.02 to $.01
  • Ended Q2 15 with a 9.7-1 current ratio consisting of $1,815,270 current assets and only $66,515 current liabilities
  • Ended Q2 15 with over $1.14 million in available cash and 2.17% credit facilities

Q2 2015 Financial Results

Comparison of the three month period ended June 30, 2015 with the three month period ended June 30, 2014.

We recorded $1,083,138 in gross revenue for the three months ended June 30, 2015, offset by $514,965 of the expected settlement discount resulting in net revenue of $568,173. For the same period in 2014, gross revenue was $1,767,599, offset by $907,939 of the expected settlement discount, resulting in net revenue of $859,860. We are currently affiliated with three spine injury diagnostic centers in the United States, which are located in Houston, Texas; Odessa, Texas; and San Antonio, Texas. We had two large surgical procedures in the second quarter of 2014 that generated $148,000 in revenue that were not duplicated in 2015.

Service cost was $232,541 for the three months ended June 30, 2015 compared to $423,651 for the same period in 2014. The decrease is due mainly to lower volume.

During the three months ended June 30, 2015, we incurred $479,236 of operating, general and administrative expenses compared with the $526,400 for the same period in 2014. The decrease is attributable to decreases in (i) directors and officer compensation of approximately $62,000, (ii) marketing costs of approximately $30,000, (iii) payroll of approximately $14,000, (iv) bad debt expenses of approximately $15,000 and (v) legal expenses of approximately $12,000, coupled with an increase of (i) approximately $56,000 in consulting costs, (ii) travel costs of approximately $21,000, (iii) rent expense of approximately $6,000, and (iv) other net general and administrative expenses of approximately $3,000.

During the three months ended June 30, 2015, we incurred $93,530 of research and development expenses compared with the $6,558 for the same period in 2014. The increase is attributable to the engineering and testing fees paid to verify the Quad Video Halo (“QVH”) meets the United Laboratories (UL) requirements for medical equipment to be used in hospitals, surgery centers, and other healthcare facilities. We believe without this testing currently being performed, the QVH will not be accepted into certain healthcare markets.

As a result of the foregoing, we had net loss of $250,184 for the three months ended June 30, 2015, compared to a net loss of $153,245 for the three months ended June 30, 2014.

(The full SEC Filing form 10Q 2015 can be found at: http://www.sec.gov/cgi-bin/browse-edgar?company=Spine+Pain+m&owner=exclude&action=getcompany )

Spine Pain Management’s CEO, Dr. William Donovan stated, “While I am somewhat pleased that the trend in our core finance business has now been improving for three consecutive quarters in both top and bottom line, I am most happy to say with the finalizing and submission of our QVH for certification testing, management can now get back to growing the core business, both in existing locations and new affiliate additions. While Tyler was officially on-board in late June, it did not start procedures until Q3. Also, due to an unexpected situation, a Houston treatment clinic that was scheduled for late June had to be postponed until early Q3, moving a significant amount of revenues that would have added to Q2 forward to Q3. While Q2 15, seemed to have a significant drop in revenues from Q2 14, the higher revenue last year was caused by two special short term situations in that quarter whereby we funded two high dollar surgeries that we knew would pay back quickly, but at a much reduced rate of return. While they were funded and re-paid as expected, we have not replicated that activity since, preferring to maintain our liquidity for higher margin treatments as we now begin to open new centers with the completion of our QVH3. We anticipate opening at least two more new centers over the next few months.”

Donovan went on to say, “As you will hear in more detail on the Conference Call, the push-back of maybe a month from our original expected QVH certification date, has not been caused by any significant problems in testing, but more so by the decision to go for as broad a global certification as reasonably possible due to our now much broader market. As we have said in the past, the potential market for our ‘Fluoroscope docked’ QVH (QVH fixed to the lens of a fluoroscope), while easily numbering in the billions of dollars based on as many as 100,000 fluoroscopes in use worldwide, could easily jump by ten-fold or more if expanded to full surgical environments. The decision was made to attempt modification for the surgical market due to 3rd party requests. Based on recent successful modifications to the QVH, we were able to develop a non-docked version suitable for use in virtually any surgical operating room environment. Thanks to one of the high profile surgeons who suggested we attempt the modification, along with the hard work of our QVH team, we quickly and successfully completed the modification. Shortly thereafter, we were invited to test the new system with this surgeon on a multi-hour operating room procedure at a major northern hospital with no fluoroscope involved. I am happy to say the doctor was quite pleased with the outcome of this trial and has encouraged us to expand our penetration into this many times larger market. This in turn caused management to go for more intensive EMC/EMI testing which is now past the difficult electronics and compatibility phase and is in the final safety phase. Based on our consultant’s report, our expectations are for maybe another two to three weeks for final approval.”

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Thursday, August 13, 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 13, 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/7621620358357103873

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

http://www.joinwebinar.com Webinar ID: 133-908-259

Telephone Dial-in and/or VOIP which provides Q&A: To verbally 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.

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 (213) 929-4212
Participant Access Code: 202-605-139

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 Pain Management, 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.spinepaininc.com.

About Quad Video HALO, Inc.:

In addition, we are the owners and developers of the patented Quad Video HALO (TM), a highly scalable video integrated operating room technology that meets the demands of medical practices and major hospital systems using the latest tele-medicine 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, and 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 Pain Management, Inc.
713 521-4220

– See more at: http://www.globenewswire.com/news-release/2015/08/13/760596/10146035/en/Spine-Pain-Management-Reports-2nd-Quarter-2015-Financial-Results-and-Reminder-for-Conference-Call-at-4-20-EDT-Today.html#sthash.LZrFfsK7.dpuf

Spine Pain Management Reports 1st Quarter 2015 Financial Results and Reminds for Conference Call at 4:20 EDT Today

By | News Releases | No Comments

HOUSTON, May 13, 2015 (GLOBE NEWSWIRE) — Spine Pain Management, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, reports Q1 2015 financial results and will hold an Investor conference call on Wednesday, May 13, 2015, at 4:20 p.m. (EDT) to discuss the Company’s financial results for First Quarter 2015 and provide an update on its business initiatives.

Highlights

  • Received Quad Video HALO™ Notification of an Allowance for Its U.S. Patent Application No. 13/723,372
  • Improved top and bottom line both quarter over quarter and Q4 2014.
  • Retired last outstanding convertible debt.
  • Ended Q1 15 with a 9.7-1 Current ratio consisting of $2.04 million Current Assets and only $2.08 thousand Current Liabilities
  • Ended Q1 15 with over $1.3 million in available cash and 2.17% credit facilities

Q1 2015 Financial Results

For the quarter ended March 31, 2015 versus 2014:

We recorded $877,231, in gross revenue for the three months ended March 31, 2015, offset by $460,933 of the expected settlement discount resulting in net revenue of $416,298. For the same period in 2014, gross revenue was $657,931, offset by $323,243 of standard allowance for discount, resulting in net revenue of $334,688. Revenue was positively affected by higher case volume in 2015 due to the Odessa location not being open in the first quarter of 2014. For the three months ended March 31, 2015, we managed three spine injury diagnostic centers: Houston, Texas; San Antonio, Texas; and Odessa, Texas. Service cost was $180,966 for the three months ended March 31, 2015 compared to $145,152 for the same period in 2014. The increase in service cost is attributable to the higher case volume.

During the three months ended March 31, 2015, we incurred $482,013 of operating, general and administrative expenses compared with the $573,162 for the same period in 2014. Operating, general and administrative expenses were lower for the quarter compared to 2014 primarily because of legal expenses we incurred in Florida in connection with our affiliated Florida clinics coupled with lower officer and director expenses this quarter compared to the 2014 quarter which had stock options expensed.

In the quarter ended March 31, 2015, we spent approximately $122,372 on QVH marketing and development which is included in the operating general and administrative expenses. These marketing expenses include consulting, travel, and tradeshow costs. Because we geared up our QVH plans in late 2014, there is no comparable amount to report for the first three months ended March 31, 2014. We also spent $82,468 in research and development costs  on the Quad Video Halo as compared to $5,911 in 2014. Overall, we had $133,222 in non-cash operating charges in 2015 compared to $180,150 in non-cash operating expenses for the three months ended March 31, 2014.

As a result of the foregoing, we had a net loss of $345,866 or $.02 for the three months ended March 31, 2015, compared to $480,287 or $.03 of net loss for the three months ended March 31, 2014.

We recognize revenue by reference to “net revenue,” which is gross amounts billed using CPT (Current Procedural Terminology) codes less account discounts that are expected to result when individual cases are ultimately settled. A discount rate of 52%, based on settled patient cases, was used to determine net revenue during Q1 2015 and 2014, respectively.

(The full SEC Filing form 10Q 2015 can be found at: http://www.sec.gov/cgi-bin/browse-edgar?company=Spine+Pain+m&owner=exclude&action=getcompany )

Spine Pain Management’s CEO, Dr. William Donovan stated, “I am happy to say that 2015 has taken off with positive developments. In spite of the fact that we have been focusing on the launch of our QVH which spent over $200,000 in direct cash expenditures in Q1 15, we still managed to improve both top and bottom line, over last year’s Q1, but also over last quarter. With the patent notification we recently received, Management feels the value of the QVH regarding 3rd party sales has increased. With all final Certifications on the QVH expected to be completed in Q3, sales will be expected to begin immediately thereafter based on preliminary indications of interest already received. Additionally, we have recently entered into three Non-Disclosure Agreements with parties interested in joining SPIN’s Affiliate Spine Diagnostic financing program.”

Donovan went on to say, “What has SPIN’s management encouraged about the future of the Company, particularly as a public entity, is the synergism between the expected upcoming 3rd party sales of the QVH and its legacy spine treatment financing program. In the current stock market environment, investors seem to be putting large speculative premiums on companies who are developing ground breaking devices and instruments for the medical industry.  Typically, young companies who manage to reach a high level of success in generating significant sales in this high margin industry, find themselves in the dilemma of ‘what to do next’ with the cashflow generated from the profits. They either have to put it into low yielding bank or Government deposits, pay down debt, or reinvest into improvements of the same product, take on development of new products, or in some cases sell out to larger companies. While SPIN, should we be so successful, certainly would have all the above options, it also has an excellent fifth option immediately available and that is to deploy the cash into more and larger spine injury case financing. I encourage all shareholder or interested parties to attend our Quarterly Conference Call this afternoon, or view the video replay.”

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Wed, May 13, 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 Wed, May 13, 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/1540983504805671170

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

http://www.joinwebinar.com     Webinar ID: 131-725-227

Telephone Dial-in and/or VOIP which provides Q & A: To verbally 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.

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 (213) 929-4212Participant Access Code: 559-363-693

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/investor-information.php” rel=”nofollow”>http://www.spinepaininc.com/investor-information.php

About Spine Pain Management, 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.

In addition, we are the owners and developers of the Quad Video HALO™, the latest hardware/software advancement in providing video transparency to medical procedures using C-Arm Fluoroscopy.

Additional information about the company, along with a video can be found at its website at www.spinepaininc.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 Pain Management, Inc.
713 521-4224

Spine Pain Management Schedules Interactive Conference Call to Present Q1 2015 Financial Results and Provide Business Development Update

By | News Releases | No Comments
HOUSTON, May 6, 2015 (GLOBE NEWSWIRE) — Spine Pain Management, 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 Investor conference call for Wednesday, May 13, at 4:20 p.m. (EDT) to discuss the Company’s financial results for its First Quarter, 2015, business initiatives and provide an update on expansion plans for its core Injury Case funding along with the current status of its Quad Video HALO™ v.3.0. Shareholders Question & Answers will follow.

Spine Pain Management intends to issue its financial results on Wednesday, May 13, 2015 prior to the Conference Call.

Conference Call Details

Conference Call: An investor’s conference call with management will be held on Wed, May 13, 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 Wed, May 13, 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/1540983504805671170

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

http://www.joinwebinar.com     Webinar ID: 131-725-227

Telephone Dial-in and/or VOIP which provides Q&A: To verbally 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.

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 (213) 929-4212
Participant Access Code: 559-363-693

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/investor-information.php” rel=”nofollow”>http://www.spinepaininc.com/investor-information.php

About Spine Pain Management, 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.

In addition, we are the owners and developers of the Quad Video HALO™, the latest hardware/software advancement in providing video transparency to medical procedures using C-Arm Fluoroscopy.

Additional information about the company, along with a video can be found at its website at www.spinepaininc.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 Pain Management, Inc.
713 521-4224