ProMed Alliance Announces Financial SubsidiaryBoca Raton, FL, September 12, 2007-- ProMed Alliance International Inc. (Pink Sheets: PDNL.PK) ("ProMed" or "the Company") a life science development company, announced today it has formed it's financial subsidiary, Alliance Capital Partners, Inc. Alliance Capital Partners seeks to provide the necessary financial foundation for sustainable growth of ProMed's future acquisitions. Management is exploring either applying for a licensed broker-dealer membership with the Financial Industry Regulatory Authority ("FINRA"), or structuring a private equity group or hedge fund. Willis Hale, CEO and founder states, "For innovation to become viable, it requires the correct financial strategies. Our newly formed subsidiary, Alliance Capital Partners, Inc. will provide this needed service. As our Subsidiaries mature, Alliance Capital Partners will arrange secondary offering and/or mergers will other larger companies", said Hale. Alliance Capital Partners, Inc. will grow our established group of investors, to fill the early-stage, start-up and growth financing needs. About ProMed Alliance International, Inc.The Company's mission is to identify, evaluate and assess a broad spectrum of global medical technologies, and healthcare solutions, and then seek to capture and promote innovations with significant commercial and beneficial potential. The Company relies on comprehensive due diligence, technical and business analysis, preformed by its Management, Financial, Advisory and Scientific Boards. ProMed will then, acquire or form, opportunity specific Subsidiaries to Commercialize and Promote the Practical use of the identified Healthcare Solutions. ProMed's Subsidiaries will be independently financed and managed after development and start-up phases while being fully supported by ProMed. Proven Subsidiaries will then be introduced to the broader financial market as stand alone Public Companies. For more information visit us at www.promedalliance.com Safe Harbor Statement: This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, particularly those risks and uncertainties inherent in the process of developing start-up companies. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. ProMed Alliance disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated. Contact Information:ProMed Alliance International, Inc. |