Karen Orr

St. Augustine, FL (USA)
Role(s):
Other

SBMI

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Location: Santa Barbara
Industry: Healthcare
Year Founded: 2009
Number Employees: 10-50 people
Description: SBMI seeks to raise the $5,000,000 in equity through a new note offering which provides the investor with strong underlying collateral and equity returns. See investment opportunity section following in this executive summary. SBMI was formed on June 12, 2009 and was successful in raising approximately $5,000,000 in capital through an innovative equipment financing program and equity Note. SBMI was formed to market and lease the Zerona laser machine as well as procuring the right of first refusal on other Erchonia medical products and innovations. Zerona (URL removed) is a medical device which uses low level laser technology designed to “remove fat and contour the body without invasive surgery” (URL removed) . Zerona has applied to the FDA for market clearance as a body contouring device and expects to receive approval by mid 2010. Since June 12, 2009, SBMI has placed approximately 500 Zerona units under rental agreements with Physicians, medical spas and other cosmetic related medical practitioners. It is anticipated SBMI will be cash flow positive by the end of the first quarter 2010. An investment overview is attached to this executive summary which includes financial information regarding results of operations for the year ended 12/31/2009 and the operating outlook for 2010 to 2013 for Zerona and AcneCLEAR, an innovative new laser based product for the treatment of acne which will be discussed later in this executive summary. We strongly advise you to review all information. (URL removed), has provided a more detailed Offering Brochure on this investment opportunity, detailed additional information on the product, technology, FDA approvals, patents, business strategy and projected financial returns. We would encourage all potential investors to visit (URL removed) and review these documents carefully. The password for the website is zerona09 (case sensitive).