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Medical
Services
Continues to Sign Marketing
Agreements
August 31, 2005
Medical Services International Inc. (OTC: MSITF)
is pleased to announce that it continues to be
approached by companies seeking an introduction into
China for marketing of their technology. Medical
Services has been able to demonstrate that its
substantial contacts in China are real and valuable and
can be a substantial benefit to any company seeking
access to the Asian market.
As a result of these significant contracts in China
as well as our relationship with the Nutmeg Group LLC,
Medical Services has entered into a Distribution/
Marketing agreement with Tiger Team Technologies
Corporation whereby for its services, Medical Services
receives an upfront non refundable marketing fee of
US$100,000 as well as a non refundable fee of US$100,000
for each succeeding 12 month period where Medical
Services represents Tiger Team. In addition to the fees
paid, Tiger Team has agreed to pay a 5% commission on
all the revenues derived as a result of Medical Services
connections, network or efforts.
Tiger Team is a leading developer of a unique process
of transforming business operations of medical service
providers and companies transacting business over the
internet through state-of-the-art communication hardware
and software technologies. Tiger Team has developed
Auditrac in accordance with US federal mandated HIPAA
compliance requirements. This translates to total
patient privacy and security which is key to reducing
the liability and medical premiums placed on health care
providers. The Company seeks to pursue an aggressive
growth strategy targeted at corporate and individual
practices and other entities transacting business across
the internet by leveraging this exclusive transmission
process across market segments providing state of the
art practice solutions for internet and intranet
transmissions. After reviewing all aspects of this
technology our Asian contacts became very excited about
Auditrac's potential.
Medical Services continues to supply VScan HIV 1 and
2 to customers in China. As the quality of its test kits
become known, Medical Services distribution network is
expanding. We have now been invited by regulatory
authorities to Shangdong Province to discuss our VScan
products, particularly the HIV test kit. Acceptance in
this province will continue to expand the market for the
VScan HIV test kit in China. Our existing contracts are
for three years and have a value of 25 million US
dollars. The company fully expects to expand our
contracts to increase that amount by at least US$10
million.
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". |