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8-K - FORM 8-K - LIBERATOR MEDICAL HOLDINGS, INC. | g22454e8vk.htm |
EX-4.1 - EX-4.1 - LIBERATOR MEDICAL HOLDINGS, INC. | g22454exv4w1.htm |
EX-4.2 - EX-4.2 - LIBERATOR MEDICAL HOLDINGS, INC. | g22454exv4w2.htm |
EX-10.1 - EX-10.1 - LIBERATOR MEDICAL HOLDINGS, INC. | g22454exv10w1.htm |
EX-10.2 - EX-10.2 - LIBERATOR MEDICAL HOLDINGS, INC. | g22454exv10w2.htm |
Exhibit 99.1
Liberator Medical Holdings Closes $7 Million Private Funding
with a Single Institutional Investor
with a Single Institutional Investor
Liberator Medical Also Strengthens Its Board of Directors with the Addition of Jeannette Corbett
STUART, Fla., Mar 10, 2010 (GlobeNewswire via COMTEX) Liberator Medical Holdings, Inc.
(OTCBB:LBMH) announces today the closing of a private placement of 4,666,667 shares of its common
stock for gross proceeds of $7.0 million on March 9, 2010, to a single institutional investor.
Littlebanc Advisors, LLC. acted as the sole placement agent and financial advisor to the Company.
Liberators Board of Directors unanimously approved the transaction. As part of the transaction,
the institutional investor has the right to add a member of its choice to Liberator Medicals Board
of Directors. As of the date of this press release, the institutional investor has not acted on
this right.
Liberator Medical also announces that its Board of Directors has recently elected Jeannette
Corbett to serve on its Board of Directors. Mrs. Corbett, a certified public accountant, is
President Emeritus and Acting Interim President of the Quantum Foundation. Previously, she served
as CFO of the Medical Services Division and Vice President of Finance of Phymatrix Corporation
(PHMX), based in West Palm Beach, FL. Prior to her position at Phymatrix, Mrs. Corbett was
President of McGill, Roselli, Ayala & Hoppmann, a West Palm Beach-based accounting firm. She has
also served as an adjunct instructor of taxation of Palm Beach County College in Lake Worth, FL.
Mrs. Corbett has a bachelors of science degree in business administration from the University of
Florida, graduating Summa Cum Laude. Mrs. Corbett was Chairman of the Board of JFK Medical Center
in Atlantis, Florida, from 1991-1994 and was Chair of the Hospitals Finance Committee from
1989-1991.
She is an alumna of Leadership Florida (1992) and was a member of the Economic Council of Palm
Beach County from 1991 to 2006. In addition to her role at the Quantum Foundation, she was Chairman
of the Board of Grantmakers in Health from 2003 to 2006; Board member of the Palm Beach County
Community Alliance from 2003 to 2006; and United Way of Palm Beach County from 2000 to 2006. She is
the past recipient of the Women of Distinction Award, the Womens Chamber Giraffe Award, and has
been named
by the Sun Sentinel as a Power Broker in Palm Beach County. Mrs. Corbett is a member of both the
American Institute of CPAs and the Florida Institute of CPAs. Mrs. Corbett resides with her husband
John in Melbourne, Florida.
Mark Liberator, Liberator Medicals CEO, said, We are delighted to have Jeannette Corbett as a
valuable addition to our Board of Directors. We are also pleased to have completed a significant
institutional equity funding. This investment expands our institutional investor base and greatly
strengthens our balance sheet. This will be key to accelerating our growth, which is driven by
advertising, and maximizing the potential for Liberator and our recently expanded infrastructure.
Stay up-to-date with current events by visiting Liberator Medicals website at
www.liberatormedical.com or by joining the Companys E-Mail Alert List. Join by clicking the
following link www.LBMH-IR.com
About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.s subsidiary, Liberator Medical Supply, Inc., established the
Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to
Medicare-eligible seniors. An Exemplary Provider(TM) accredited by The Compliance Team, its unique
combination of marketing, industry expertise and customer service has demonstrated success over a
broad spectrum of chronic conditions. Liberator is recognized for offering a simple, reliable way
to purchase medical supplies needed on a regular, ongoing, repeat-order basis, with the convenience
of direct billing to Medicare and private insurance. Liberators revenue primarily comes from
supplying products to meet the rapidly growing requirements of general medical supplies, personal
mobility aids, diabetes, urological, ostomy and mastectomy patients. Liberator communicates with
patients and their doctors on a regular basis regarding prescriptions and supplies. Customers may
purchase by phone, mail or internet, with repeat orders confirmed with the customer and shipped
when needed.
About Littlebanc Advisors, LLC
Littlebanc Advisors, an investment banking boutique, specializes in finding small, high quality
growth companies. With its roots in research and long established Wall Street relationships,
Littlebanc matches client companies with partner-minded investors fostering a stable and long-term
shareholder base.
Safe Harbor Statement
Certain statements in this press release that are not historical, but are forward-looking, are
subject to known and unknown risks and uncertainties which may cause the Companys actual results
in future periods to be materially different from any future performance that may be suggested in
this press release. Such risks and uncertainties may include, but are not limited to, the Companys
need to raise equity capital and its ability to obtain equity financing on acceptable terms, if at
all, regulatory limitations on the medical industry in general, working capital constraints,
fluctuations in customer demand and commitments,
fluctuation in quarterly results, introduction of new services and products, commercial acceptance
and viability of new services and products, pricing and competition, reliance upon subcontractors
and vendors, the timing of new technology and product introductions, the risk of early obsolescence
of our products and the other factors listed under Risks and Uncertainties in our annual report
on Form 10-K for the fiscal year ended September 30, 2009, and our other filings with the
Securities and Exchange Commission. We assume no obligation to update the information contained in
this news release.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Liberator Medical Holdings, Inc.
By Staff
CONTACT:
|
CONTACT: Wall Street Resources, Inc. |
Individual Investor Relations Contact
Gerald Kieft
772-219-7525
LiberatorIR@wallstreetresources.net
http://www.wallstreetresources.net
Gerald Kieft
772-219-7525
LiberatorIR@wallstreetresources.net
http://www.wallstreetresources.net
Littlebanc Advisors, LLC
Institutional Investor Contact
Lyn Davis
561-948-3005
ld@littlebanc.com
www.littlebanc.com
Institutional Investor Contact
Lyn Davis
561-948-3005
ld@littlebanc.com
www.littlebanc.com
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