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Medical Services
International Expands into Taiwan
January 26, 2005
Medical Services International Inc. (Pinksheets: MSITF) is pleased to that it has
expanded into Taiwan. The Company has reached a distribution agreement
with a large pharmaceutical company headquartered in Taiwan. The fact
that the Company has received regulatory approval in the People's
Republic of China, India and Vietnam and has significant test data
from S.E. Asia was instrumental in negotiating a deal that is very
favorable to the Company. In order to maintain its distributorship the
pharmaceutical company must purchase a minimum of 1,000,000 HIV test
kits in the first year of the contract. Each subsequent year of the 3
year contract, the distributor must purchase in excess of 1,500,000
HIV test kits per year. The HIV test kits for this operation will be
supplied from the Company's Shanghai facility. The company expects to
begin shipping to Taiwan in the next 45 days.
There has also been significant interest in Taiwan for both the
Tuberculosis (TB) test kit and the Dengue Fever test kit. Negotiations
are currently on going related to these test kits.
About VScan
The VScan rapid test kit is
a single use, easy to use, test for the screening of HIV 1&2,
Hepatitis B&C, Tuberculosis (TB), Dengue Fever and West Nile. The kits
cannot be sold in Canada.
For further information contact:
Robert Talbot at 780-430-6363 or
Bill Whitehead, Jr., 416-822-5883
Medical Services International Inc. trades in the United States on the
NQB Pinksheets under the symbol "MSITF". |