GREETING PROFILE PRODUCTS INVESTOR INFORMATION PRESS RELEASE
April 03, 2006 Goodman and Blue Membranes Announce Commencement of Worldwide Licensing Agreement
Goodman Co., Ltd. and its US based Subsidiary, Avantec Vascular Corp., have entered into a worldwide agreement for the joint development, manufacture and supply of next generation drug-eluting stent technology with Blue Membranes GmbH (CEO Soheil Asgari, hereafter known as gBlue Membranesh).  Blue Membranes is a German company that specializes in the research and development of nano-carbon materials for advanced application in medical devices.
1. Goals of Licensing Agreement
Goodmanfs main business activity relates to the importation, development, manufacture and distribution of therapeutic and diagnostic catheters used in the field of interventional cardiology.  In order to capitalize on in-house development of devices that utilize cutting edge technology, US based Avantec Vascular was acquired in 2002 for the purpose of focusing on development of a drug-eluting stent program.
Drug-eluting stents have rapidly penetrated the worldwide market for intravascular therapeutic devices.  However, according to results from many clinical studies presented at recent international conferences, polymer coatings used to control the localized release of the pharmacological agents loaded onto drug eluting stents may have a negative impact on the implant site.
Blue Membranes is a company that specializes in development and research of practical applications for nano-carbon materials.  The use of potentially harmful polymer coatings can be eliminated through the adoption of Blue Membranesf nano-carbon structures. Through collaborative efforts with Blue Membranes, Goodman expects to be a leader in bringing a polymer-free next-generation drug-eluting stent to the world market.
[License Agreement Contents]
(1) Details Worldwide agreement for proprietary license,manufacture, and distribution
(2) Product Drug-Eluting Stent Coating
(3) Contract Period From 3/22/2006 until termination by Goodman
2. Blue Membranes Company Overview
(1)Name Blue Membranes GmbH
(2)Business Activities Nano-structured composite materials and coatings for advanced applications in medical devices, biotech-engineering and chemical processing technologies
(3)Established 8/2000
(4)Headquarters Wiesbaden, Germany
(5)CEO Soheil Asgari
[Reference]
Applying nano-carbon composite materials to a stent produces a nano-porous surface (with pores sizes from 150nm to 2ƒÊm available), and by utilizing these nano-pores the drug can be loaded and elution rates can be controlled.
As evidenced by the image on the right, one can confirm the formation of nano-pores approximately 5x.25 nano-meters in size.
Prospective advantages of nano-carbon structure coating technology are as follows:
1) Extremely biocompatible
2) No constraints on administrable drug types
3) Drug release is easily controlled
4) Adjustable surface properties
5) Easy-of-manufacturing
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