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NEUROWAVEMEDICALTECHNOLOGIESTMCLOSESACQUISITIONOF WOODSIDEBIOMEDICALINC.FROMABBOTTLABORATORIES

Chicago,ILNeurowaveMedicalTechnologiesTM(NMT)completedtheacquisitionofallglobalrights,corporate assets,technology,trademarks,andintellectualpropertyofWoodsideBiomedical,Inc.,awhollyownedsubsidiary ofAbbottLaboratoriesin2006. AmongthekeyassetsofthisacquisitionisthepatentedReliefBandTMfamilyofmedicaldevices.TheReliefBandTM MedicalDevicewaspreviouslysoldbyAbbottLaboratoriesinbothoverthecounter(OTC)andprescription(RX) markets,andhas510Kapprovalsforthefollowingindications:Treatmentofnauseaandvomiting(NV)dueto chemotherapy,pregnantwomenexperiencingmorningsickness,individualsexperiencingmotionsickness,andas anadjuncttoantiemeticsforpostoperativenausea. "ThistransactionisakeyelementtoNMT'sstrategyofadvancingourmissiontobecometherecognizedglobal leaderinneuromodulationtherapeuticmedicaldevices.Healthcareprofessionalsandconsumersareseekingnon drugalternativesthatprovidedemonstratedtherapeuticbenefitswithoutdrugrelatedsideeffects.Weareina greatpositiontomaximizetheavailabilityofproductsineachmarketsegmentbyworkingwithkeydistribution partnersfortheRetail,ClinicalandInternationalmarketplace,"saidFarhanHussain,NMTchiefexecutiveofficer.

ABOUTNEUROWAVEMEDICALTECHNOLOGIESTM

NeurowaveMedicalTechnologyTM(NMT)isaninnovativeChicagobasedBiotechcompanythatdevelops, manufactures,andmarketsneuromodulationtherapeuticdevices.NMT'spatentedtechnologyplatformisapartof alargergroupoftechnologiesthatisrepresentativeofafastgrowingnoninvasive,clinicallyproven,medical devicecategorycalled"neurologicalmodulation."OneofthefirstproductiterationsfromNMT'sIPtechnology platformwhichhasbeendevelopedisaunique"nondrug""noninvasive"medicaldevice­theonlycommercially availablesolutionwithFDAclearanceforthetreatmentofnauseaandvomiting(NV).AssuchNMTtechnology representsahighlydesirablenewerclassofinnovativeproductsforaprovenandsignificantmarket.

NMTContactInformation: 200E.RandolphSt. WorldTradeIllinois,Suite2200 Chicago,IL60610 MainTel:312.334.2505 Fax:312.334.2515 www.neurowavemedical.com

200 E. Randolph St. | World Trade Center, Suite 2200 | Chicago, IL 60601 | Ph. 312.334.2505 | F. 312.334.2515

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