HOFFMAN ESTATES, Ill., Aug. 13 Life Spineannounced today that it has entered into a new relationship with LaSalle Bank,N.A., the largest bank headquartered in Chicago, and an indirect subsidiary ofNetherlands-based ABN AMRO Bank N.V. The credit facility from LaSalle will beutilized to help finance Life Spine's rapidly flourishing spinal implantsproduct line, as well as assist in further advancement of the company'sdistribution network in the U.S. and abroad.
Dan Martino, Controller for Life Spine, stated, "While Life Spinecontinues to achieve strong profitability, our needs have continued to expandin new product development as well as field distribution. LaSalle's supportis an endorsement of our efforts to date, and provides an important avenue forLife Spine to access the capital necessary to continue our progress."
"LaSalle Bank is honored to partner with Life Spine and support theirefforts to provide surgeons with the tools needed to better serve theirpatients," said Mark Scheffers, Group Senior Vice President of BusinessBanking at LaSalle Bank. "We strive to give our clients the resources neededto fulfill their dreams and empower change. Life Spine's products arerevolutionizing the orthopedic and neurosurgery industries by giving spinalpatients hope of recovery."
About Life Spine
Life Spine, Inc. is dedicated to improving the quality of life for spinalpatients by increasing procedural efficiency and efficacy through innovativedesign, uncompromising quality standards, and the most technologicallyadvanced manufacturing platforms. Life Spine has been on a rapid pace inachieving regulatory approvals, receiving six separate 510(k) approvals fromthe FDA for new products in the last year. Life Spine, which is privatelyheld, is based in Hoffman Estates, Illinois, and additional information aboutthe company can be found at http://www.lifespine.com.
About LaSalle Bank
LaSalle Bank, N.A. is the largest bank headquartered in Chicago, with USD77 billion in assets and USD 43.8 billion in deposits. LaSalle Bank servesindividuals, small businesses, middle-market companies and institutionsthrough 135 retail locations, 450 ATMs in Chicago and its suburbs, and onlineat http://www.lasallebank.com.
LaSalle Bank has retail and commercial operations in 20 states and 26cities across the U.S. In addition, it offers specialty services through itsdirect and indirect subsidiaries, including LaSalle Financial Services, Inc.,LaSalle National Leasing Corporation and LaSalle Business Credit, LLC.
Parent company LaSalle Bank Corporation, also headquartered in Chicago,has more than USD 118.3 billion in assets. It is an indirect subsidiary ofNetherlands-based ABN AMRO Bank N.V., a leading international bank with totalassets of EUR 1,120.1 bln. ABN AMRO operates 4,500 branches in 53 countries,and has a staff of more than 107,000 full-time employees worldwide.
LaSalle Bank N.A., Member FDIC, Equal Opportunity Lender
(C) 2007 LaSalle Bank Corporation
SOURCE Life Spine, Inc.