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PRESS RELEASES
Contacts: Anthony Viscogliosi, Small Bone Innovations, Inc. (212) 583-9700
ext. 100
Nick Kilsby, Creative Partners, (203) 705-9202 Cell: (203) 829-6400
SMALL BONE INNOVATIONS, INC. HONORED AS ONE OF THE NATION’S LEADING
TECHNOLOGY COMPANIES ORTHOPEDIC PIONEER RECEIVES THE PRESTIGIOUS RED
HERRING 100 AWARD FOR DRIVING THE FUTURE OF TECHNOLOGY
New York, NY: May 22nd, 2006 - Small Bone Innovations, Inc.
(SBi), an orthopedic device company focused on treating small bones
& joints from the fingertips to the shoulder, and from the toes
to below the knee, was honored today as one of the nation’s leading
technology companies, having been selected a winner of the annual “Red
Herring 100 North America” award by Red Herring magazine.
SBi’s Chairman & CEO, Anthony G. Viscogliosi will accept the
award tomorrow evening in Monterey, CA from Joel Dreyfuss, editor-in-chief
of Red Herring magazine, a leading publication covering the business
of technology, innovation, finance and entrepreneurial activity. Red
Herring has recognized SBi as one of its ‘Top 100’ most
promising technology companies in North America. SBi was the only orthopedic
device company to be selected among an initial entry of more than 1,000
firms, and one of only a dozen companies chosen from the New York area.
Judging criteria included technological innovation, quality of management
and execution of strategy.
SBi was founded in New York, NY in 2004, and has more than 140 employees
at facilities in Manhattan, NY, Morrisville, PA, San Diego, CA, Minneapolis,
MN and Bourg-en-Bresse, France. Earlier this year, SBi announced the
largest ever venture capital funding in orthopedic history when it closed
its Series B round of financing with a raise of $42.2 million.
“This award is focused on sectors where technology is exciting,
where money is being invested, and where the possibility of long-term
growth is strong,” Mr. Viscogliosi said. “As a founder,
investor and leader of orthopedics companies for over 20 years, I have
always championed this belief about the future of the musculoskeletal
industry. The entire SBi family is extremely proud, not only to have
established a company as innovative and groundbreaking as Small Bone
Innovations, but to have created an entire new industry focused exclusively
on small bone & joint surgeons and their patients,” he added.
“With venture capital flowing again, we’re seeing a lot
of innovative new companies taking on the established players with disruptive
technologies and innovative business plans,” said Joel Dreyfuss,
Editor-in-Chief of Red Herring. “The Red Herring 100 North America
companies, among them Small Bone Innovations, are pushing and breaking
the boundaries of the technology business and we are excited to report
on their success stories.”
Red Herring’s lists of top private companies are an important
part of the renowned magazine’s tradition of identifying new and
innovative technology firms and entrepreneurs. Companies like Google
and eBay were spotted in their early days by Red Herring editors as
some that would change the way we live and work.
After receiving more than 1,000 submissions and nominations, Red Herring’s
editorial staff rigorously evaluated SBi and the other contenders through
a careful analysis of financial data and subjective criteria, including
quality of management, execution of strategy, and dedication to research
and development. The Red Herring 100 North America companies are at
the forefront of the technologies that are changing our lives in profound
ways.
* * * * * * * * * * * * *
About Small Bone Innovations, Inc.
Small Bone Innovations, Inc. (SBi) was founded in 2004 by Viscogliosi
Bros., LLC, (VB), the New York-based merchant banking firm that specializes
in the musculoskeletal /orthopedic sector. VB created SBi as the first
company to focus purely on small bone & joint science. By integrating
established companies and professionals in the field, SBi today offers
a broad, clinically proven portfolio of products and technologies to
treat trauma and diseases in small bones & joints.
VB’s acquisitions and technology licenses include: Avanta Orthopaedics
(hand/wrist/elbow arthroplasty and trauma products – USA); Envision
(implant manufacturing – USA); Actipore™ (porous metal technology
– Canada); Artelon® (biologically active & biodegradable
technology – Sweden); Xtremi-T (resorbable trauma technology –
USA); and Fixano, S.A.S. (broad line of small bone & joint implants
- France).
SBi completed a Series B financing, raising a record total of $42.2
million, announced in January, 2006. Based on data provided by Venture
Source, this was the largest venture capital investment ever recorded
in the field of orthopedic devices.
About Viscogliosi Bros., LLC
Established by Marc R. Viscogliosi, John J. Viscogliosi and Anthony
G. Viscogliosi in New York City in 1999, Viscogliosi Bros., LLC (VB)
was the first venture capital/private equity and merchant banking firm
dedicated to the musculoskeletal/orthopedics sector of the health care
industry.
Today, VB is a leading independent firm with a mission to create, build
and finance companies founded on innovations developed by surgeons and
uniquely focused on "life changing" musculoskeletal/orthopedic
technologies. VB has worldwide surgeon, industry and trade relationships
and significant financial expertise in the musculoskeletal/orthopedic
sector.
As principals of VB, the Viscogliosi brothers have a combined total
of nearly half a century of experience analyzing and investing in the
musculoskeletal/orthopedics sector, directing literally billions of
dollars through the orthopedics industry. They have pioneered innovative
financial, strategic and management initiatives for nearly 150 companies
in the sector, from start-up, seed and development stage all the way
to exit, while helping thousands of people lead better lives through
the orthopedic and spinal products marketed and sold by the companies
they have assisted in developing and financing.
For more information about VB, please visit: www.vbllc.com
About Red Herring Spring 2006
Red Herring Spring 2006 will assemble 300 of the continent’s most
innovative and successful CEOs, investors, and corporate developers
and feature a dynamic group of over 100 speakers that are pushing and
breaking the boundaries of the business of technology. Themed “The
Pursuit of Disruption,” it will be held May 23-25 in Monterey,
California.
Please contact Michael Felber at 650.428.2900 or email mfelber@redherring.com
to request an invitation to attend the event.
More information is available online at www.herringevents.com/rhspring06.
About Red Herring Magazine
Red Herring magazine is a sophisticated insider's guide to the business
of technology, featuring unparalleled insights on the emerging technologies
driving the economy, from the Internet to wireless communications and
digital entertainment. Red Herring's journalists report on how innovation
and entrepreneurship are transforming business and how the business
of technology is transforming the world, providing readers with a deep
understanding of venture capital and capital markets. Recognized as
an essential resource in today's fast-changing business world, Red Herring
gets the right answers before anyone else even thinks to ask the questions.
More information on Red Herring is available on the Internet at www.redherring.com.
Forward-looking statements
This press release contains forward-looking statements as defined in
the U.S. Private Securities Litigation Reform Act of 1995. Readers are
cautioned not to place undue reliance on these forward-looking statements.
Actual results may differ materially from those indicated by these forward-looking
statements as a result of risks and uncertainties impacting the Company's
business including increased competition; the ability of the Company
to expand its operations and to attract and retain qualified professionals;
technological obsolescence; general economic conditions; and other risks.
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