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Sanomedicas International Holdings, Inc. opened Monday morning with the same stock price as their previous close. The stock opened at $1.69 and as of 11:00 had gone down to $1.64 and back up to $1.70. Over the past 52 weeks the stock has gone as low as $0.80 and up to $3.95. Their volume is 1,952 with a three month average of 7,202. The Company’s market cap is 45.06 million.

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On August 26, the Company put out a press release saying that it has entered into a financing term sheet with MC Healthcare Financing LLC for a total for $5,000,000 Credit Facility. The details include $3,000,000 revolving line of credit and a $2,000,000 term loan. Use of proceeds from this transaction will be for working capital and to complete two targeted acquisitions.

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