Thompson & Knight Assists Inova Labs in Private Placement of Stock

Houston (May 24, 2010) – The global law firm of Thompson & Knight LLP has assisted Inova Labs, Inc. (“Inova Labs”) in the issuance and sale of 909,091 shares of Series A Preferred Stock and Warrants for another 81,100 shares of Series A Preferred Stock. The private placement went to investment funds affiliated with Three Arch Partners, a health care-focused fund based in Silicon Valley, California.

W. Christopher Schaeper and Julie A. Mediamolle, both members of the Firm’s Corporate and Securities Practice Group in Houston, represented Inova Labs on the transaction. The money raised through the private placement will be used for nationwide and international sales expansion of the Inova’s LifeChoice® portable oxygen concentrator product line, continuation of next stage developments, and working capital. An added benefit of this expansion will be the addition of an estimated 75 jobs to the Texas market over the next year.

Headquartered in Austin, Texas, Inova Labs focuses on medical device development, manufacturing, and worldwide distribution. Specifically, the company is the developer, manufacturer, and owner of the LifeChoice Oxygen Concentrator. Due to its compact size, light weight, and five-hour battery time, the innovative device allows patients to be more active and independent. For more information on Inova Labs, please visit www.lifechoiceoxygen.com.

About Thompson & Knight

Established in 1887, Thompson & Knight is a full-service firm providing legal solutions to public and private companies, governments, and individuals in all areas, including commercial and tort litigation, finance, banking, securities, mergers and acquisitions, taxation, intellectual property, corporate governance, creditors rights, real estate, labor, white collar defense, and environmental matters, among others. We are particularly recognized for our depth of experience and capabilities on behalf of clients in the energy industry, both domestically and around the world. Thompson & Knight has approximately 350 attorneys with offices in Texas and New York and international offices and associations in the Americas, North Africa, Europe, and Asia.

For additional information:
Becky S. Jackson
Chief Client Services Officer
Thompson & Knight LLP
1722 Routh Street, Suite 1500
Dallas, TX 75201-2533
214.969.1478

This release was published on openPR.