THE COMPANY (For Official Prospectus please contact: info@condaxmedicalproducts.com )
The Company is focused on a single niche: products that promote/augment safer-sexual contact. Condax's innovative product array encompasses every aspect of sexual behavior; from condoms to erectile dysfunction devices; from their basic chemical formulation to their disposal after use. The universal problems of population growth, protection for sexually transmitted infections, and the deterioration of sexual functioning as a concomitant to age and disease will continue to provide to potential purchasers who can benefit from use of each of the company's products.
Company Background
Condax LLC was organized in December 1995 to commercialize a single patent for technology covering a bellows-shaped condom applicator that was invented by the founder in 1990. Except for a small private placement early in the Condax's history, the funds necessary to develop and/or purchase all company products derived from the founder or from research grants funded by The National Institutes of Health. In 2005 several different companies were reorganized and consolidated bringing all similar products under one new corporate identity called Condax Medical Products LLC (CMP). The consolidation substituted former investor interest in only one specific product for a plan where all investors own an interest in all CMP products.
To date, the company has been awarded 6 peer-reviewed NIH research grants that total approximately $7 million. This funding helped develop the ULTIMATE™ and CONDAX™ condom applicators and the LEVITRON™ air-infused condom. All of the other product development was either funded by the founder or by other companies that CMP purchased.
The Company has focused all its resources in a single niche: safe products that promote safer-sexual behavior. Its unique and innovative product array, all US patent protected or patent-pending, encompass all aspects of condoms; from their formulation to their disposal after use. Sensing that there are an increasing number of men who are either unable to produce or have difficulty in sustaining erectile functioning, the company has also pursued a related avenue of interest by developing products to serve the growing erectile dysfunction market.
The company sub-contracts all of its manufacturing, packaging, and testing services to experienced companies that practice GMP and are ISO certified and will produce products in the United States, India and Malaysia.
CMP Balance Sheet (December 31, 2010)
Assets
Cash and Equivalents................... $3,035,000
Office Furnishings/Computers........ $15,000
Molds for Applicators.................... $125,000
Molds for Condom........................ $55,000
Prototypes.................................. $7,000
Finished Inventory....................... $4,000
Unfinished Inventory.................... $25,000
Intellectual Property*................... $2,500,000
Good Will.................................... $310,000
Total Assets.............................. $6,076,000
Liabilities
Patent Preparation........................ $6,000
FDA 510(K) Preparation................ $2,000
Total Liabilities............................. $8,000
Paid in Capital.............................. $6,060,000
Total Liability and Equity........... $6,076,000
*List of Active US Patents:
No. 4,961,734 - Condom Applicator & Packaging
No. 5,549,196 - Condom Applicator & Packaging
No. 5,885,205 - Condom Exerting Lateral Pressure on Penis
No. 5,456,354 - Package Dispenser for a Plurality of Gloves
No. 5,584,390 - Package Dispenser for Plurality of Garments
No. 5,590,764 - Package Dispenser for Plurality of Garments
No. 5,662,214 - Package Dispenser for Plurality of Garments
No. 5,803,245 - Condom Package with Closure Cap
No. 5,896,983 - Package Dispenser for One or More Condoms
No. 6,193,753 - Erectile Penile Prosthesis
No. 6,569,083 - Male, Hermaphroditic and Female Condoms
No. 10,016,219 - Folding Condom Applicator and Packaging
MARKET ANALYSIS for CMP PRODUCTS (Contact: info@condaxmedicalproducts.com)
CMP - PRODUCT BENEFITS
Totally Unique Products
ULTIMATE™ and ZEUS™ and CONDAX™ condom applicators, reduce the average time of application from 10-12 seconds ( including all steps) to under 2 seconds, and allow the condom to be donned using one hand. All CMP products offer a self-disposal packaging feature making use of the products even more convenient.
CMP will offer the entirely new concept of support and expansive condoms with its LEVITRON™ line of air-infused products with and without self-condom ends.
For those men suffering substantial ED symptoms the augmented support of CMP's ERECTEX™ penis support system will provide a real alternative to prescriptive and invasive product solutions.
Women will find that CMP's FEMEX™ and PERFECT CHOICE™ female condoms will permit them to take full control over both the protection from pregnancy and sexually transmitted infections.
Real Differences in Condom Feel
CMP's conventional latex condom line will be treated with our chemical additive, ConSLIP™, which makes the exterior of the condom more slippery when exposed to natural fluids. Therefore, the need of separate lubrication will be decreased and partners will be protected against irritation stemming from insufficient lubrication. The inside of the condoms will be treated with our SNUGFit™ chemical additive, which will allow them to achieve a better hold on to the penis.
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Certificate of Recognition awarded by U.S Department of Health and Human Services
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