Company Motion Media PLC
TIDM MMD
Headline Regulatory Approval
Released 12:10 20 Oct 2003
Number 0818R






Motion Media - Carestation 126s FDA Regulatory Approval


Date: 20 October 2003



Motion Media PLC (Motion Media) announces that its CareStation126s has completed its US regulatory approval process and has been granted 510K clearance by the U.S. Food and Drug Administration ("FDA") the first time a videophone has received such clearance by the FDA as a Class II medical device.



The new CareStation 126s is the first standalone videophone to provide two-way video, audio, and data communications for patient vital signs information, including heart, lung, and bowel sounds, blood oxygen saturation, pulse rate, blood pressure, temperature, blood glucose, weight, and breath peak flow measurements over standard telephone lines. Orders for the CareStation 126s are now being received.



Garey De Angelis, Global Sales and Marketing Director, commented "Industry trends point to a growing demand to bring affordable healthcare solutions into the home, with the CareStation 126s, we believe that healthcare providers will be able to reduce costs while improving customer care."



Enquiries:



Rex Thorne

Chairman 01454 635400



Jim McGeever

ARM Corporate Finance 020 7512 0191



END



Company website

and a 1 month and 5 day one

The company loses money and had done for years. It rarely makes sales or deals. It is fast runnig out of cash and in the results a couple of weeks ago MMD stated that they would likely need more funds. Cash runs out in a few months. Their products are very expensive and there is little sign that companies want to buy them. Very high risk. They have already almost spent the money they raised last December. In June they cut staff again and the CEO and FD both left the company. They have previously sold their offices and land to raise cash. They make nice products but cannot sell them at the prices they ask.

Thanks Planttec