Brief Review of PlatiNUMs Medical Products and the Additional Funding Required



PlatiNUM Medical, Inc.


Brief Review of PlatiNUM’s Medical Products and the Additional Funding Required


Prepared for


Greg Krel
Chief Investment Officer
Westwood Ventures
Irvine, California


Prepared by



Andrew S. McAlister, CEO, Co-Founder
Jason J. Smith, Senior Vice President, Co-Founder


December 6, 1999







TO: Mr. Greg Krel, Chief Investment Officer

FROM: Andrew S. , Chief Executive Officer, Co-Founder
Jason J. , Senior Vice President, Co-Founder

DATE: December 6, 1999

SUBJECT: Report on purpose of additional funding required for future development of PlatiNUM Medical, Inc.

This is the report on the latest cardiovascular medical device that you requested on
November 17, 1999.

This report discusses in explicit detail how we came to develop such an effective device.
The research and study methods, which were used, will be introduced. We met with
Doctors and patients in order to get accurate details from both parties. These surveys
were conducted in both the United States and in several European Nations. As you can
see, we have studied all angles, and have developed a product superior to our
competitors.

Our device, the “PlatiNUM Device” offers the best in medical technology. PlatiNUM’s
development involved taking the best of other procedures and rolling it into
one multipurpose device. While eliminating the bad possibilities, which could occur with
other methods.

Thank you for taking the time to read our proposal and allowing PlatiNUM the chance to
further benefit the world with safer, more effective medical technology. On behalf of
PlatiNUM Medical, Inc. and all of our staff we are confident that this report will
convince you to make the right choice, and help put an end to the suffering of the
millions of people with heart disease.

jsm



Attachment


ii








CONTENTS

Executive Summary .………………………………………….. iv
Introduction …………………………………………………… 1
Purpose for Research …………………………….…… 1
Methods and Procedures Used ………………………... 1
Problems Which Frequently Occur …………………………… 2
Benefits of having the PlatiNUM Device …………….. 2
Legal Considerations in Marketing ………………………….... 2
Market Potential ………………………………………………. 3
Summary ………………………………………………. 3
Forecast for PlatiNUM Over the Next 2 Years ……………….. 4
Summary ………………………………………………. 4
Conclusion …………………………………………………….. 5
Recommendations ……………………………………………... 5
References ……………………………………………………… 6




iii

EXECUTIVE SUMMARY
PlatiNUM Medical, Inc. was founded in 1995 and is located in Irvine, California, centrally located in one of the leading medical device development areas in the country. Our company is the leader in the development of a new type of medical device for treating cardiovascular disease, also known as heart disease. Despite on going efforts to combat this disease, no other promising instruments have been introduced. The need still remains for a device that can easily and safely remove dangerous tissues found in the arteries and other problems associated with the heart.

Through the past four years PlatiNUM has conducted research in the U.S. as well as Europe. Surveys and interviews were held with leading cardiovascular physicians to determine the best features for the device. When this process was completed, we then took the next step, which involved patient surveys and gathered input on what they thought was needed. Although our research and data collecting will never end, the past four years has given us the specifications, which must be met in the product that we developed.

Our research has led to the following: (1) A device, which eliminates all possible complications, associated with heart disease today. (2) Something that would not be as dangerous and risky as By-pass surgery. (3) A device which is simple to use and requires no additional training. (4) Finally, a device which is affordable, and efficient.

PlatiNUM has developed a device that meets and exceeds all of these strict standards. The PlatiNUM device with our patented “Omni Cutter” does the trick. Hopefully, in the near future the citizens of the world who suffer from heart disease will be fortunate to have this device available.


Physician Comments about the PlatiNUM device:

“Best device ever for treating Heart Disease”
Thomas Ischeinger, MD

“Best device ever for Failed Bypass”
David Cox, MD

“Incredibly easy to set up and use……
adoption will be fast”
Gregg Stone, MD

iv

DISCUSSION ON THE ISSUE OF PREVENTING HEART DISEASE AND COMPLICATIONS

Introduction

Heart problems are a way of life for many Americans throughout the nation. Whether it is heredity, our diets, or some other cause. Heart disease and related problems kill 10 million Americans annually with numbers on the rise. With these skyrocketing numbers, it shows that something needs to be done about this horrible condition. Fatality rates due to heart disease need to come down, and the millions of Americans who suffer from these problems deserve to lead happier, healthier lives. The methods used today are drastically failing and do not