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Medical Services'
Shanghai Plant Increases Production Capacity
October 24, 2005
Medical Services International Inc. (OTC: MSITF)
wishes to announce that its Shanghai facility has
had to increase its production capacity from 5.0 million
VScan test kits per year to 6.5 million test kits per
year.
Previously all of the VScan test kits produced in
Shanghai were used to supply customers inside China.
Over the last 45 days, the Company has received multiple
large orders from countries in Southeast Asia that
border or are close to China. The only way to
accommodate these orders is to produce them in the
Shanghai facility. Studies have shown that the increased
production volumes in Shanghai will result in reduced
labor costs per kit, reduced component and raw materials
costs and reduced shipping costs. It is anticipated that
by increasing production in Shanghai, the overall profit
margins of the test kits from the Shanghai facility will
increase by 13.2% or an overall reduction of production
costs of $163,000 USD.
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". |