Life reveals aj burnett Time Fitness, cc sabathia informs Inc.Kent Wipf, orJason Thunstrom, Copyright Business Wire 2009. FREDERICK, MD, Jun 25 (MARKET WIRE) -- BioElectronics Corp. (PINKSHEETS: BIEL), the maker of inexpensive,disposable drug-free anti-inflammatory devices, today announced theUnited States Patent and Trademark Office has issued a significant newpatent to the Company. The patent protects BioElectronics Corp's systemsand techniques for applying an electromagnetic field to bodily tissueincluding a self-contained and portable electromagnetic field generatingdevice disposed over a surface of bodily tissue.PEMF technology has been proven safe and effective in hundreds ofpeer-reviewed scientific studies.
Up until now, however, PEMF devices havebeen very expensive large devices and usually based in clinical settingssuch as clinics or hospitals alex rodriguez . Through the use of advanced micro-circuitrythe engineers at BioElectronics have shrunk this technology into awafer-thin device that can be worn directly on the skin to relieve pain,swelling and speed healing."This is a very important and significant event for BioElectronics Asconsumers and the U.S derek jeter autographed baseball . Food and Drug Administration become increasinglyaware of the potential dangers of drugs such as acetaminophen, consumersare increasingly searching for alternatives," commented Andrew Whelan, CEOof BioElectronics derek jeter signed baseball . "PEMF therapy is a proven safe and effectivealternative for many musculoskeletal disorders and there is a growing bodyof research showing its effectiveness in speeding surgical recovery and inreducing, or completely eliminating, the amount of pain medicationrequired george steinbrenner . This patent ensures our ability to be the sole provider of thistechnology in a wearable and portable form factor and significantlyincreases the value of our Company."About BioElectronics CorporationBioElectronics Corporation is the maker of ActiPatch(R) Therapy,RecoveryRx(TM) Devices, HealFast(TM) Therapy( http://) and the Allay(TM) family of inexpensive,disposable drug-free anti-inflammatory devices. For more informationplease see http:// media enquiries, please contact:Joe NoelBioElectronics Corp.(925) 922-2560Copyright 2009, Market Wire, All rights reserved.-0-. * FY09 net falls 60 pct, misses forecasts * 2,045 Europe jobs at risk; demand weaker than expected * No material refinancing or repayments in next 12 mths By Prashant Mehra MUMBAI, June 25 (Reuters) - India's Tata Steel Ltd(TISC.BO), the world's No.
6 steel maker, on Thursday missedforecasts with a 60 percent drop in consolidated net profit forthe fiscal year ended March and said 2,045 jobs in Europe unitswere at risk alex rodriguez bio . It said its Anglo-Dutch Corus Unit was startingconsultations on job cuts due to the continued deterioration inmarket conditions and falling demand graig nettles autographed baseball . "The recession in world demand looks deeper than what wethought six months ago," Managing Director B.Muthuraman told anews conference jeter autographed baseball . Global steel production has tumbled this year, as demand inkey steel consuming sectors such as construction and automotiveshrank, forcing steelmakers such as Arcelor Mittal (ISPA.AS) tosharply reduce capacity joba chamberlain . In April, the World Steel Association forecast steel demandwould tumble 15 percent in 2009, its steepest fall since WorldWar II. [ID:nLR431360] Tata Steel reported a net profit after minority interestand share of profit of associates of 49.5 billion rupees ($1.02billion) in 2008/09, compared to a consolidated net profit of123.5 billion rupees reported a year ago. Consolidated net sales for the year rose to 1.46 trillionrupees from 1.31 trillion rupees reported a year earlier.
That compared with a forecast for net profit of 84.23billion rupees, on net sales of 1.5 trillion in a Reuters pollof six brokerages Tata Steel did not release quarterly figures american league . A Reuterscalculation showed it suffered a consolidated loss of about45.4 billion rupees in the January-March quarter joe torre . Nine month consolidated profit stood at 94.86 billionrupees, on net sales of 1.2 trillion cc sabathia . CHARGES Tata Steel it took a restructuring and impairment charge of$805 million in the year for its Europe operations derek jeter autographed baseball .
It said profits would have been lower by 54.97 billionrupees had it charged changes in its actuarial valuations onits European employee pension plan to the profit and lossaccount instead of the reserves and surplus account.Tata Steel, which last month won approval from banks to easeconditions on 3.7 billion pounds of loan it took to buy Corus,said it had strong liquidity and no material repaymentobligations or refinancing for the next 12 months autographed baseball . It said it had cash and equivalents of $2.1 billion on June20 and an undrawn bank facility of $1.3 billion derek jeter signed baseball . Shares in Tata Steel ended down 2.1 percent at 397.95rupees, ahead of the results, in a Mumbai market .BSESN thatfell 0.5 percent george steinbrenner . The shares are up 85 percent so far in 2009 after tumbling77 percent in 2008 . ($1=48.6 rupees) (Writing by Narayanan Somasundaram; Editing by John Mair). -Exhibition on view in Sheboygan, Wis.
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