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NOK 5 million Closed Private Placement

Press release   •   Apr 17, 2013 16:02 BST

The Board of ConceptoMed AS is pleased to announce the successful completion of a non-public offering. Gross proceeds from the Private Placement amount to NOK 5,005,000. The placement values the company at NOK 25 million.

The process was opened at 18.00 CET Thursday 11 April 2013 and was completed at 15.00 CET Tuesday 16 April 2013. The company aquired 18 new shareholders, whereof 7 have a background from clinical medical work.

CEO Christian Mide is  pleased with the strong interest for a participation in the placement:
- Every investor that was introduced to our business case has become a new Shareholder in ConceptoMed AS. The potential to transform a segment of the market for certain disposable products has been confirmed by the firm response in this placement process. Following the completion of the placement, the expanded ConceptoTeam may now focus on securing a further successful development of the company. I am looking forward to creating further value for all our shareholders.


About ConceptoMed AS:

-     ConceptoMed AS was founded 2012 with product development of medical devices as main

      activities.

-     The vision of ConceptoTeam is to enhance efficiency and safety during medical procedures

       …simply more™.

-     Our technology related to disposable medical devices represents a ONE-HAND approach to

      high-volume procedures.