Business Wire - October 16, 2002
The Baltics is an area where we have previously not had any involvement, however a potential new partner has emerged and has expressed an interest in a range of marketing opportunities for our VScan(TM) HIV Rapid Test Kit. We believe this could be the start of an exciting opportunity for the Company.
"A number of the countries comprising the Baltics have implemented various forms of mandatory HIV testing, consequently it is reasonable to expect that the total yearly volume could eventually grow to exceed more than 4,000,000 kits per year for this region," Stated William Whitehead, Jr., Vice President Marketing and Communications.
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."
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 Robert Talbot, 780/430-6363 or Bill Whitehead, Jr., 416/822 5883 Corporate Website: www. MedicalServicesIntl.com
SOURCE: Medical Services International Inc.
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