SFDA approves MedWaves' AveCure microwave coagulation-ablation system for cancer

MedWaves' AveCure™ microwave coagulation-ablation (MWA) system uses microwave energy to volumetrically coagulate-ablate (destroy) soft-tissue lesions (abnormal structures) safely, effectively, precisely and with repeatability. The system has successfully treated over one-thousand patients worldwide, including lesions in bone, kidney, liver, lung and pancreas. The Company plans to bring its technology to treat lesions in other locations in the body. The Company's technology makes available treatment options for many cancer patients in either early or late stage and helps those who are running out of options.

People's Republic of China, with over 1.3 billion in population, is an important market for MedWaves. Every year, 2.6 million Chinese people are diagnosed with cancer, and 1.8 million deaths result from it. Cancer became the number-one cause of death among all illnesses in China in 2009. Lung and liver cancers are the leading cause of cancer deaths in China, and the Company is pleased to receive SFDA approval to import and sell its products to help those in need. MedWaves will work in close coordination with its Chinese distributor-partners to schedule and conduct clinical evaluations for the sale of its AveCure™ system in key hospitals in China. Earlier this year, Hong Kong University published its successful treatment of tumors in the liver using the MedWaves AveCure™ microwave ablation system. The Hong Kong University has adopted MedWaves™ Avecure system as a cancer treatment tool.