Business Wire - July 30, 2002
M & A Concepts Ltd. will be responsible for the registration of the products with the appropriate regulatory authorities in Nigeria. This business opportunity is a direct result of the efforts of Medical Services' Director of Export Development, George Menassa. In regards to the above, Medical Services International Inc. has also received an official invitation to travel to Nigeria to meet with the appropriate government officials.
Once the products are registered, M & A Concepts Ltd. will implement a marketing program that Medical Services believes will generate significant orders for the VScan(TM) Test Kits. Registration is expected to take approximately 90 days. Nigeria has a population of 160 million people and is moving to develop testing programs that will help stop the spread of HIV as well as help with the prevention of HIV.
Robert Talbot, President of Medical Services International Inc., says: "M & A Concepts Ltd. is part of a large, well-established organization in Nigeria with over 7,000 employees and its own medical facilities. Once the registration is completed, we anticipate participating in several programs related to large-scale testing for HIV."
About Medical Services International Inc.
Medical Services International Inc. is a medically related holding company comprised of two core businesses. The company operates medical facilities on Anguilla, B.W.I., that supply medical diagnostic services and dialysis. The facility combines the recreational aspects of a Caribbean destination with the availability of North American-quality medical services. The diagnostic test division was created in response to a worldwide demand for less costly, rapid technically simplified test methods to test for infectious diseases. The company has developed its VScan(TM) Rapid Test Kits for the detection of HIV 1 & 2, Hepatitis B and C and Tuberculosis. The company is currently in negotiations with major healthcare concerns to supply these tests to the worldwide market.
Medical Services International Inc. has also acquired a strategic interest in a call center operator (Teltek International Limited) based in the British West Indies. The call center operation operates full-service call centers with the latest customer relationship management technology specializing in providing call center out-sourcing solutions and out-bound telemarketing services to major U.S. multi-national corporations.
Medical Services International Inc. trades in the United States on the NQB Pink Sheets under the symbol "MSITF."
For further information, please contact Robert Talbot at 780/430-6363, or Bill Whitehead, Jr. at 416/822-5883; Corporate Website: www. MedicalServicesIntl.com.
Note: Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, new economic conditions, risk in product technology developments, market acceptance of new product and continuing product demand, level of competition and other factors described in the company reports, prospectus and other filings with the Securities and Exchange Commission.
CONTACT: Medical Services International Inc. Robert Talbot, 780/430-6363 Bill Whitehead, Jr., 416/822-5883
SOURCE: Medical Services International Inc.
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