Salt Lake Life Science Angels Leads Financing in Olive Medical

Salt Lake City, UT, April 29, 2011 --(PR.com)-- Salt Lake Life Science Angels (SLLSA) announced today that it has led an investment in Olive Medical Corporation. Olive Medical has developed a low-cost 1080p high definition (HD) endoscopic camera solution. SLLSA was joined in the financing round by investors from the Tech Coast Angels, industry experts, and individual investors.

About SLLSA:
SLLSA is a Salt Lake City-based angel investment group that was founded in 2006 to facilitate investment in seed-stage life science companies in Utah. SLLSA is made up of accredited executives, entrepreneurs, scientists, and clinicians seeking investment opportunities in early-stage companies.

Sponsors of SLLSA include: the Parr Brown Gee & Loveless Business Transactions Group, the Stoel Rives Technology & Intellectual Property Practice Group, Larson & Rosenberger Certified Public Accountants, and the BioInnovations Gateway.

For additional information regarding SLLSA, please visit www.SLLSA.com.

About Olive Medical Corporation:
Olive Medical is a medical device company that has developed a 1080p HD endoscopic camera system. This camera system offers a “3-chip image with a 1-chip price,” significantly reducing the capital costs in the operating room and providing equivalent video quality to the leading HD cameras in the market today. It is anticipated that the Olive Medical HD endoscopic camera solution will be available for purchase in the second quarter of 2011.

For additional information regarding Olive Medical, please visit www.olivemedical.com.

Contacts:

Andrew Laver, Managing Director
Salt Lake Life Science Angels
(801) 901-2010

Joshua Talbert, CEO & Director
Olive Medical Corporation
(801) 957-5652

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