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Medical Services
International
Increases
Contracts and Orders in China
March 4, 2005
Medical Services International Inc. is pleased to announce that it has
received additional contracts and orders in China. The Company now has
confirmed orders and contracts to supply 4.8 million VScan HIV test
kits in the next year. This represents approximately 5% of the current
market in China. These test kits will generate revenues of $10,896,000
US in the fiscal period from July 1, 2005 to June 30, 2006. The
Company expects this amount to increase as the accuracy and ease of
use of our test kits becomes common knowledge.
Further revenue will be generated from the China operation as the
Tuberculosis (TB), Dengue Fever and Hepatitis B&C get approved. The
VScan TB test kit has already been submitted for approval. The
remainder of the kits will be submitted for approval by the end of
May, 2005.
The Company also expects to generate significant revenue in the other
areas where the VScan HIV test kit has been approved.
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,
Malaria, Syphilis, and Prostate Cancer. 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". |