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May 7, 2008
Kelyniam Global, Inc. to Acquire M2-Systems
Wednesday
May 7, 10:00 am ET
Little Rock, Arkansas--(BUSINESS WIRE)—Kelyniam
Global, Inc. (OTC.BB:KLYG
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News), an engineering and management
consulting company specializing in CADCAM
technology, today announces that it will acquire
M2-Systems as a wholly owned subsidiary.
James Ketner, President and CEO of Kelyniam
Global, Inc. stated: “This merger will move
Kelyniam Global, Inc. forward by giving us a
stronger business model with additional
customers, equipment, office space, and
employees. With this merger, Kelyniam Global,
Inc. will no longer be a development stage
company, and the going concern disclaimer in our
financial statements will also be eliminated.”
Mr. John Mastoloni, Vice President of
Operations, founded M2 Systems LLC in 1997, and
will continue to manage and oversee all
operations of M2-Systems under Kelyniam Global,
Inc.
Mr. Mastoloni also added: “We have recently
received a contract to provide custom models
used for cranial implants; this “Cutting Edge”
technology is at an infant stage in the medical
field. Once we have been successful with the
cranial models, we are looking to expand into
maxillofacial structures as well as producing
cost effective three dimensional surgical models
to aid doctors in planning complex surgeries.
These new medical contracts will not only
provide us with continued growth, but also
strengthen our position in CADCAM prototyping by
giving us a strong presence in the Bio-CADCAM
disciplines.”
M2 Systems LLC has been in the rapid prototype
industry for 8 years, servicing a broad range of
industries from jewelry manufacturing,
industrial design to consumer OEM manufacturers.
M2 Systems has recently become involved in the
new and developing market of Bio-CADCAM by
providing artificial bone replacements and rapid
prototyping for the medical industry. M2 is
looking to implement a number of technologies to
help produce a highly accurate custom implant in
a matter of days.
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