HOUSTON, May 26, 2005 (PRIMEZONE) -- HealthRenu Medical Inc. (OTCBB:HRUM) today announced that the company has received a financing commitment from Cornell Capital Partners, LP, a New Jersey-based private equity fund. Under the terms of the funding agreement, Cornell commits to provide up to $10 million under a Standby Equity Distribution Agreement (“SEDA”) over a 24-month period. These funds can be drawn at the company’s discretion based upon funding requirements, subject to an effective registration with the SEC.
