Medical Services International Inc. Receives Regulatory Approval For Sale of its VScan Rapid HIV Test Kit Business Wire
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Medical Services International Inc. Receives Regulatory Approval For Sale of its VScan Rapid HIV Test Kit

Business Wire - November 18, 2002


EDMONTON, Alberta--(BUSINESS WIRE)--Nov. 18, 2002--Medical Services International Inc. (Pink Sheets:MSITF) is pleased to announce that it has finalized the distribution agreement announced on Oct. 23, 2002, with Minerva Baltika appointing them as the company's exclusive distributor for the VScan(TM) Rapid Test Kit in the Baltics.

The Company is also pleased to announce that the company's lead product the VScan(TM) HIV Rapid Test Kit has been tested by the Health Ministry in Latvia and the registration has been approved making the VScan(TM) HIV Rapid Test Kit available for immediate sale. The registration process is being initiated in the remaining two Baltics States and in the additional markets granted to Minerva Baltika. Once completed the company will have access to a market of approximately 400 million people.

The agreement with Minerva Baltika initially covered only the Baltics (Latvia, Lithuania, Estonia) but has now been expanded to include the additional markets of: Russia, Belarus and the Ukraine. The initial term of this agreement is five years, with an option for another 5 years.

As part of this agreement, Minerva Baltika is also moving forward to build an assembly facility, which will have an initial capacity of 3 million test kits per year. Medical Services International Inc. will be providing the necessary technical expertise to bring this facility into production. It is estimated that the assembly plant will be in production by the end of January 2003. Until then Medical Services International Inc. will supply the Test Kits as required. With the completion of registration and access to a market of 400 million people, it can be expected that Minerva Baltika will easily reach its minimum requirements to maintain its distribution agreement.

"The fact that our Test Kits have received government registration and approval is now available for immediate sale, validates all of the independent testing which has shown the versatility and accuracy of our VScan(TM) Rapid Test Kits. We are confident that registration will be completed in additional countries before the end of the year." stated Robert Talbot, President.

About VScan

The VScan(TM) HIV Test Kit is a cost-effective, easy-to-use complete test kit designed for the initial, rapid screening of HIV. The test kit produces visible results in under 15 minutes, which are easy to interpret without any medical or skilled personnel. In addition, the kit requires no electricity or refrigeration and can be safely stored at room temperature. This allows the kit to be used in a variety of environments and settings. A built-in control mechanism ensures the integrity of the kit.

About Medical Services International Inc.

Medical Services International Inc. is a medically related holding company with its head office in Edmonton, Canada. 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 & C and Tuberculosis. The Company is currently in negotiations with major healthcare concerns to supply these tests to the worldwide market. The test kits cannot be sold in Canada.

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

www.MedicalServicesIntl.com

SOURCE: Medical Services International Inc.


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