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SMAS Somatic Systems Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Somatic Systems Inc (CE) USOTC:SMAS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Somatic Systems, Inc. to Begin Treating Military and Veterans in February

15/01/2009 1:00pm

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Somatic Systems, Inc. (PINKSHEETS: SMAS) is proud to announce that next month, the company will begin its treatment program for military veterans.

Somatic Systems will begin providing service for US military veterans in the second half of February. The first region for the program will be the Denver, Colorado area, and will operate as a part-time, limited availability program as an initial launch phase before full-time full service operations begin. Service will begin with veterans, and then progress to military dependents and active personnel.

Talks are currently underway with the Veterans Administration and Tricare, the military health insurance plan, regarding implementation details of insurance coverage reimbursements for the services. Currently, the company expects the first phase of insurance implementation to be partial reimbursement before progressing to maximum reimbursement rates.

This is a major step in the Somatic Systems' efforts to implement large-scale treatment of the 70 million soldiers, veterans, and dependents in the military health care system using its advanced Clinical Somatics pain care and injury treatment methods. Somatic Systems obtained military contractor status in October and registration in the National Provider registry this month. The expected course of this progress is full military approval and health coverage for Somatic Systems' Clinical Somatics treatments, clinics, practitioners, and treatment service programs.

In addition to implementing services to help military veterans in need, the Denver program will provide opportunities to demonstrate a variety of larger implementation scenarios and range of options and benefits of the Clinical Somatics pain and injury treatment system to a broad audience of decision makers -- to promote further growth of Somatics within the military.

The company will continue to disclose information about the program as it progresses, including clinic locations, schedules, reimbursement rates and program contracts, and demonstration event dates.

The Military Chronic Pain Crisis

In October, Somatic Systems announced it was working to provide its proprietary Clinical Somatics pain-care services for US military hospitals and the Veterans Administration. In addition to seeking in-house arrangements at bases and facilities, the company is preparing to rollout multiple clinics at military base locations throughout the US, to provide easy access to Clinical Somatics services at a time when the US military is strongly seeking satisfactory pain treatment solutions such as Clinical Somatics -- and following a wave of legislation including the Military Pain Care Act of 2008, which requires the Department of Defense, Veterans Affairs, and Health and Human Services and the Surgeon General of the United States to implement and maintain a pain care initiative in all military health care facilities and for all active and retired military personnel, dependents, and survivors.

Nearly 26 million living Americans have served in the military, and pain is the most common symptom and cause of disability amongst veterans, with more than 40% of returning service members reporting musculoskeletal pain-related problems and symptoms. Additionally, long-term sufferers as well as family members and other dependents of all ages also face pain and other musculoskeletal problems; and this population totals over 70 million people, served by the Veterans Administration. In the face of this, military officials, medical authorities, and government officials have reported frustration that the military does not yet have a satisfactory pain care program in place.

About Somatic Systems, Inc.

Somatic Systems is the worldwide center for Clinical Somatics?, the groundbreaking drug-free, non-surgical approach to pain relief. This proprietary system uses natural, non-invasive movement techniques -- conducted through one-hour hands-on sessions, therapeutic exercises classes, and home exercises lasting as little as 5 minutes a day -- to relieve pain and limitation resulting from accident, trauma and repetitive stress, including back pain, knee pain, joint problems, carpal tunnel syndrome, TMJ, scoliosis, bursitis, sciatica, headaches, tendonitis and more. Clinical Somatics(TM) also provides performance gains and injury prevention for casual and professional athletes.

Somatic Systems is pursuing a 3-part growth strategy, consisting of a nationwide rollout of pain management Somatics Clinics; increased production and distribution of therapeutic videos, books, and other retail self-help Somatics Products; and expanded Somatics Training Programs to supply Clinic practitioners serving medical and orthopedic professionals and institutional and corporate programs. The company operates a suite of web sites offering Somatics information, products, resources, and opportunities, at www.somatics.org.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact: For more information visit http://www.somatics.org or contact: Investor Relations 1 877 586-2555

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