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Medical Services
Awarded Additional $25 Million
Contract for its VScan HIV Test Kits
April 10, 2005
Medical Services International Inc. (OTC: MSITF)
announced today that it has been awarded a
US$25 million contract from the Federal Government of Nigeria for
its VScan HIV 1&2 Test Kits.
The Government of Nigeria recently issued a tender notice for
eligible companies to submit proposals to supply its health sector
with HIV test kits. This procurement contract was an upshot of the
$120 million loan recently awarded to Nigeria from the World Bank
for improvement of the Country's Health, Educational and
Agricultural Sectors. Of the $120 million, 25 million has been
allocated for the supply of HIV/AIDS test kits. The fact that the
VScan HIV test kit was recently awarded full NAFDAC registration and
approval in Nigeria was instrumental in Medical Services receiving
this contract.
In the
last 45 days Medical Services has been awarded contracts in China
and Nigeria for its VScan HIV test kits totaling $50.5 million.
Coupled with the potential additional contracts currently being
negotiated for in China -- with an estimated value of $3.5 million
-- and those anticipated contracts in China for the Company's other
VScan test kits, Medical Services is looking forward to significant
growth and its strongest fiscal year by far in 2005-2006.
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". |