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ThermaFreeze Announces Formation of Majority-Owned Subsidiary American Diversified Medical Corporation

^{Published on 2009-11-18 07:08:29 - Market Wire}
 

MOBILE, AL--(Marketwire - November 18, 2009) - ThermaFreeze Products Corporation (PINKSHEETS: [ TZPC ]), the maker of patented, innovative refrigerant products designed for use in the commercial shipment of perishables and for use as a consumer compress and chiller product, today announced the formation of a majority-owned subsidiary named American Diversified Medical Corporation (ADM), which will offer products and services to the alternate site healthcare space, specifically homecare and clinics outside of the hospital environment and veterinarian market. ThermaFreeze and ADM plan to announce a portfolio of new therapeutic products called ThermaTherapeutics, based on ThermaFreeze technology, over the coming months.

"The patented polymers we utilize allow our products to enjoy some unique attributes that make them perfect for many healthcare and therapeutic applications. Our products ship to our customers in a 'dry' format at minimal shipping costs," commented Rich Bolton, Chairman of ThermaFreeze. "When hydrated and frozen, ThermaFreeze stays colder than ice for a significantly longer period, and unlike ice, remains flexible when frozen. Additionally, because ThermaFreeze can be both frozen and heated, it has the unique property of being both a cold compress and a heat therapy device. We believe there are dozens of uses within the medical community for our unique technology. The formation of ADM is specifically designed to exploit this market opportunity."

ThermaFreeze's goal in the creation of ADM is to provide products and services which reduce the cost of providing health care and to bring to market ways to avoid hospital admissions and emergency room visits. Over the coming months ThermaFreeze and ADM will be announcing a series of innovative products featuring ThermaFreeze technology and a series of services targeting the home health care and clinic markets.

About ThermaFreeze Products Corporation

ThermaFreeze™ Products Corporation manufactures and markets a patented, innovative refrigerant product designed for use in the commercial shipment of perishables, and for use as a consumer compress and chiller product. ThermaFreeze™ refrigerant is flat, lightweight and flexible, even when frozen, making it more convenient and cost-effective to use than ice, gel packs, ice bricks and dry ice.

American Diversified Medical (ADM) is a majority-owned subsidiary of ThermaFreeze Products Corporation. ADM is focused on providing diversified healthcare products and services to the alternative site healthcare space, with an emphasis on home care and clinics outside of the hospital environment.

Safe Harbor for Forward-Looking Statements: Statements made in this release with the respect to the company's current plans, estimates, strategies and beliefs and other statements that are not historical are forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. Statements are based on management's assumptions and beliefs in light of the currently available information. The company cautions you that a number of important risks and uncertainties could cause actual results to materially differ from those discussed in the forward-looking statements, and therefore, you should not place undue reliance on them.