Kading Companies
Kading Companies Releases Update for Syringex Medical, Inc.
NEW YORK--(BUSINESS WIRE)--Feb. 15, 2006--The management of Kading Companies, SA (www.kadingco.com)(Pink Sheets: KDNG) announces an update for Syringex Medical, Inc. ("Syringex"), a company originally incorporated by Kevin Kading in 1997 and majority owned by KDNG during 1998 and 1999. KDNG presently owns less than 5% of Syringex.
The Syringex safety syringe with a retractable needle feature has been reengineered over the last several years to what some professionals' classify as the perfect safety syringe. The syringe is very similar in look and feel and operates nearly the same as standard syringes. The difference is that at the end of the injection the plunger handle is pulled back with the needle attached, safely sliding into the syringe barrel away from any potential needle stick incident. The syringe is cost competitive with other safety syringes and needles, more conducive in use for the end user and could become an integral part of a multi-billion dollar global market.
During 2003 Syringex received FDA clearance for the Syringex safety syringe and the company is in the process of finalizing their choices for manufacturing and marketing the syringe.
KDNG expects to continue to update the investment community on its activities and the activities of its portfolio companies during the coming weeks and months.
About Kading Companies, SA
Kading Companies searches for opportunities in developed technologies to build companies around, technologies that can penetrate $1 billion plus marketplaces and have a unique user friendly application that are cost competitive with existing similar technologies. KadingCo was the incorporator for Advanced Reconnaissance Corp. (ARC), Syringex Medical, Inc. (SMI), and United Aerospace Inc. (UAI).
For additional information about KDNG visit: www.kadingco.com, and for additional information about Syringex visit: www.syringex.com.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
CONTACT: Kading Companies, SA (KDNG)
Kevin Kading, 212-918-4535
kkading@kadingco.com