EX-99.1 2 cpc_8kex99-1.txt EXHIBIT 99.1 PRESS RELEASE Source: CPC of America, Inc. CPC OF AMERICA ACQUIRES MINORITY INTEREST IN MED ENCLOSURE, LLC Wednesday February 16, 10:10 am ET SARASOTA, Fla., Feb. 16 /PRNewswire-FirstCall/ -- CPC of America, Inc. (OTC Bulletin Board: CPCF - News) today announced that it has acquired a minority interest in Med Enclosure, LLC. CPC had formed Med Enclosure, LLC in 1999 as a vehicle for the development of a patented internal puncture closing device and technique known as "MedClose." As of October 2004, CPC held an 80.3% membership interest in that company, with the 19.7% minority membership interest held by a single non-affiliated party. In November 2004, CPC acquired from the minority member a 12% membership interest, and in February 2005, CPC acquired the remaining 7.7% membership interest. Med Enclosure, LLC is now the 100%-owned subsidiary of CPC.