BLOOMFIELD HILLS ? Medical device maker Cervilenz and business-to-business sales system maker iStatus will pitch their companies to potential investors Feb. 28 during the next meeting of Great Lakes Angels. The deadline for registration is February 25th.
is a manufacturer and marketer of a patented, FDA cleared medical device for determining preterm birth risk in pregnant women. The company is being established in Cleveland, Ohio.
Cervilenz is FDA cleared for sale as a Class I Medical Device. Cervilenz is a single use disposable device used to measure cervical length in pregnant women. It is used by any physician, nurse midwife, nurse practitioner, or trained nurse, providing instant results. Cervilenz is already FDA cleared for sale, and is ready to access a substantial and growing market. The total US market opportunity annually for cervical length testing is near 11 million evaluations, plus a very substantial international market opportunity.
iStatus.Com is a turn- key, online solution that automates the complete sales, quote, and order cycle for B2B resellers1, improving customer service, sales productivity, and sourcing profitability.
Initially, iStatus will focus on resellers of corporate uniforms and apparel, protective gear, and related products. This market was chosen because of its size, its relatively complex distribution system, and the experience and knowledge iStatus’ founder has of the industry.
In the first year of operation after product launch, iStatus expects to acquire approximately 40 new customers from the top 10% (4,000) of the market. iStatus’ primary revenue stream will come from process-driven direct sales to mid-sized resellers who receive enough value to pay $2,000 to $3,000/mo. for our solutions.
WHEN: Thursday, Feb. 28, 2008, 5:30 to 8 PM
WHERE: The event will be held at a private venue in Detroit area. Specifics will be shared with those accredited investors that register early.
INVITED: Accredited investors only – from Michigan, Ohio and Ontario.
REGISTRATION: To register for the monthly meeting, email
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