Aug 26 2009
Versa Card, Inc. (OTC Bulletin Board: IGLB), doing business as "Spine Pain Management, Inc." (the "Company"), has entered into a Medical Services Agreement with Northshore Orthopedics, Assoc. ("NSO") to open its first spine injury treatment center in Houston, Texas. Under the direction and ownership of Dr. William Donovan, NSO, an independent contractor, will provide medical diagnostic services for evaluation and treatment of patients with spine injuries. A Fellowship Trained Pain M. D. is working with NSO to provide these specialized diagnostic procedures. Medical billing and collection for patients will be administered through a new division of the Company
Dr. Donovan, the Chief Executive Officer of the Company, stated "I am pleased that Versa Card, Inc. has developed a management program to assist patients with spine injuries. By working with orthopedic surgeons and spine surgeons, the development of these new ancillary medical services will benefit the surgeons and patients by streamlining a currently complex set of procedures. Versa Card has developed a win-win situation for patients and surgeons to provide these necessary and appropriate tests. By utilizing an outpatient medical environment, the total cost for these services will be reduced dramatically for the patient's benefit."