INTELECT MEDICAL ANNOUNCES $3 MILLION SERIES A INVESTMENT

Vincent P. Owens, President and CEO of Cleveland-based IntElect Medical Inc., announced today the completion of a $3 million Series A financing round for the development and commercialization of neuromodulation technologies licensed from The Cleveland Clinic. Biomec Inc., a Cleveland-based medical device development and commercialization company, is the investor.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-17-2005/0004170713&EDATE=)