Supurva Healthcare Group enters into agreement with MelMedtronics for expanding into Audiology Secto





Supurva Healthcare Group, Inc. (also known as Lighthouse Petroleum, Inc.) (“Supurva”) (PINKSHEETS:LHPT), today announces it has entered into an exclusive licensing agreement with MelMedtronics, Inc. (“MelMedtronics”), a revolutionary medical device company specializing in disorders of hearing and tinnitus. Under the licensing agreement, Supurva is granted, effective immediately, exclusive rights to sell their proprietary hearing devices to customers in the Greater Houston Metropolitan Area. The audiology sector is expected to have very strong growth in the next ten years as the baby boomer generation continues to age.
MelMedtronics currently has several audiology products (one device, The Inhibitor(TM) and eight iPad applications, iA Audiometers(TM) (8 models), Tinnitus Adaptation Program (TAP(TM) ) and a new generation of treatment devices; Tinnitus Neuromodulation Treatment (TNT(R)), iA-PSAD (Personal Sound Amplification Device) and iA-HA (hearing aid) are also in development. The company’s iA-TEP(TM) application and iA Audiometers(TM) applications are iOS based and are used by Audiologists, ENT’s, Hearing Instrument Specialists, Primary Care Physicians, Pediatricians and Public Schools to evaluate their patients who have tinnitus (CPT-92625) and/or hearing loss (CPT-92577).
MelMedrotronics has also developed a Tele-Audiology system that uses iOS devices (iPads and/or iPhones) to evaluate patients anywhere in the world, which will greatly reduce the cost of evaluation and treatment for hearing impaired individuals world-wide.
Gerard Danos, Chairman and CEO of Supurva stated, “Management believes this new venture in audiology has even greater opportunity in the long term care sector than the company’s expanding dental business and will soon become one of the cornerstone businesses of Supurva Healthcare Group. In addition, the entry into this sector produces obvious synergies between our other businesses as most of our existing clients are also candidates for MelMedtrontonics’ audiology products.”