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Infinity Medical Group Inc. (PINKSHEETS: IMGR | Quote | Chart | News | PowerRating) closed at $0.115 Friday, trading 450,375 shares.
Company News- August 25, 2008: Infinity Medical Group Inc. Receives Building Permit for 18 Yonge Street Projects
Infinity Medical Group Inc. (PINKSHEETS: IMGR | Quote | Chart | News | PowerRating) is pleased to have announced earlier today that it has received the Building permit for its 18 Yonge Street project which will be home to a Rejuvena Med Spa and a Dental Implant Clinic. The 18 Yonge Street project is a commercial retail space at the bottom of a 39 storey Condominium complex an easy walk to the Waterfront, Air Canada Centre, Union Station, Financial District and the 48 storey 872 unit Maple Leaf Square Condominium. New-condominium sales in the City of Toronto were up 45.7 per cent last year, going from 13,535 units in 2006 to 19,724 in 2007 according to officials from the Building Industry and Land Development Association (BILD), announced on 2/22/2008 in a news release. Downtown Toronto is undergoing a building boom. According to an unofficial estimate assembled by National Post staff on December 19th 2007, the vertical expansion totals about 3,005 storeys, including at least 37,355 condo units. This phenomenon in Toronto's Downtown core has created an exceptional opportunity for Infinity Medical to offer its Cosmetic Medical Laser and Dental Implant services to this underserviced area of Toronto.
Receiving this permit is the next step for Infinity Medical Group in building a presence in the downtown condominium market who's demographic is exactly the same aging Baby Boomer demographic that both Rejuvena and our Dental Implant Clinics seek as clients.
About Infinity Medical Group Inc.:
Infinity Medical Group Inc. is a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics offering elective procedures.
About Dental Implants
Dental implants are designed as permanent replacements for missing teeth. A dental implant is a metal post that is surgically placed into the bone under the gums. The purpose of the placement into the bone is to encourage the integration of the dental implants. The bone actually grows around the dental implant, making the tooth secure. A replacement tooth is attached to the titanium post by means of a final abutment.
About Medical Spas
Medical spa is a hybrid between a medical clinic and a day spa that operates under the supervision of medical doctor. Medical Spa Treatments include laser treatments (Lasers are medical devices used to treat a variety of conditions, including unwanted hair, uneven pigmentation, wrinkles, and broken capillaries. The word laser is an acronym for "light amplification by stimulated emission of radiation." Lasers use a direct beam of radiation that penetrates the deeper level of the skin, called the dermis, and creates a reaction), IPL (intense pulsed light) treatment, microdermabrasion, photofacials, injectables like Botox and fillers, peels and skin tightening.
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eHealth, Inc. (NASDAQ: EHTH | Quote | Chart | News | PowerRating) closed at $14.66 Friday, trading 117,800 shares.
Company News- August 25, 2008: eHealth Appoints John D. Desser Vice President of Public Policy and Government Affairs
eHealth, Inc. (NASDAQ: EHTH), the leading online source of health insurance for individuals, families and small businesses, announced earlier today the appointment of John D. Desser as Vice President of Public Policy and Government Affairs. Mr. Desser will provide insight and expertise on healthcare reform to policy makers in Washington, D.C., and to think tanks and other influencers, leveraging eHealth's strong understanding of the individual health insurance market. Mr. Desser will be attending and participating in the 2008 Democratic National Convention and 2008 Republican National Convention.
"With the upcoming election, our next President and Congress will have an opportunity to take meaningful action in addressing the problem of this country's uninsured," said Gary Lauer, Chief Executive Officer of eHealth. "eHealth has gained tremendous insights in its eleven years of delivering innovation and in helping many uninsured Americans find quality and affordable health insurance. John will play a critical role in sharing our insights and experience, and in contributing to the national discussion about healthcare." "More than ever before, our nation is unified in its call for a healthcare solution. Elected officials and private industry must come together to develop a bipartisan solution that empowers consumers and delivers affordability, accessibility and efficiency," said Desser. "I'm excited to join an organization that is taking an innovative approach to these issues and is making a difference everyday by delivering more affordable health insurance for all Americans." Mr. Desser brings over 17 years of experience in healthcare policy in Washington D.C. to eHealth. Prior to joining eHealth, Mr. Desser held the position of Deputy Assistant Secretary for Health Policy in the Office of the Assistant Secretary for Planning and Evaluation (ASPE) at the U.S. Department of Health and Human Services. While working in the Health and Human Services Department, Mr. Desser was selected by Secretary Michael O. Leavitt to lead the Administration's priority of "Affordable Choices," a key initiative to extend basic, affordable health insurance to the uninsured. Before joining the Health and Human Services Department, Mr. Desser served as Vice President and manager of the healthcare practice at Jefferson Government Relations, LLC. In 2003, Mr. Desser also played a key role in the design, drafting and legislative strategy leading to the enactment of Health Savings Accounts (HSAs). Mr. Desser also served as a legislative assistant to then-U.S. Representative Jon Kyl, now a U.S. Senator from Arizona and the Republican Whip. Mr. Desser began his career in Washington in 1990, as a health policy aide to the senior senator from Arizona, U.S. Senator John McCain.
About eHealth
eHealth, Inc. (NASDAQ: EHTH | Quote | Chart | News | PowerRating) is the parent company of eHealthInsurance, the nation's leading online source of health insurance for individuals, families and small businesses. Through the company's website, www.ehealthinsurance.com, consumers can get quotes from leading health insurance carriers, compare plans side by side, and apply for and purchase health insurance. eHealthInsurance offers thousands of health plans underwritten by more than 180 of the nation's leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia. eHealthInsurance and eHealth are registered trademarks of eHealthInsurance Services, Inc.
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