|
Medical Services
Signs Additional Contracts in S.E. Asia
June 13, 2005
Medical Services International Inc. (OTC: MSITF)
wishes to announce that it has agreed to ship a minimum of 10,000
VScan HIV test kits per month to Vietnam for the next 12 months.
This will generate revenue of approximately $400,000 US dollars. The
Company will begin shipping the VScan test kits in July 2005. The
kits will be shipped from the Shanghai facility. The Company has
been informed that the number of test kits could be increased to as
much as 15,000 kits per month.
Based on confirmed contracts in S.E. Asia, the Company will ship
VScan HIV test kits with a total value of $9.3 million US dollars
with an estimated net profit of $3.8 million US dollars into S.E.
Asia for the fiscal period of July 1, 2005 to June 30, 2006. This
amount does not include sales from the other VScan test kits that
have currently been submitted for regulatory approval in S.E. Asia
and does not include sales by distributors in other regions where
the VScan HIV test kits have been approved by regulatory bodies
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". |