BioMedical Technology Solutions Holdings Signs Distribution Agreement with Interlink Capital Strategies
ENGLEWOOD, CO, May 18, 2010 (MARKETWIRE via COMTEX) – BioMedical Technology Solutions Holdings, Inc. ("BMTS") (BMTL 0.17, 0.00, 0.00%) is pleased to announce the signing of an exclusive international distribution agreement with Interlink Capital Strategies for the sale of its Demolizer(R) II in Africa and the Central Asia republics. The agreement calls for the sale of 250 systems in the first year with a minimum of 50 systems per quarter to maintain exclusivity.
As part of its recent activities in Sub Saharan Africa, Interlink has teamed with two important faith-based organizations, which have been actively involved in health crisis in the region. As recently as last year, Celebration Ministries and CitiHope International, were instrumental in mobilizing millions of dollars of medical support to stop the spread of cholera in Zimbabwe. Based on the success of that initiative and with the involvement of the Coca Cola Foundation of Africa, among others, Interlink is well positioned to distribute the Demolizer(R) II and related technologies on a broad scale to further control infectious disease outbreaks through effective onsite sharps waste treatment.
Don Cox, President and CEO of BMTS Holdings, Inc., said, "This is a great accomplishment for our company. Through our relationship with Interlink and their partners, namely Celebration Ministries, CitiHope International and the Coca Cola Foundation, we will achieve a long held goal of our organization -- to help prevent the reuse or improper disposal of contaminated sharps in Africa and other important regions. Proper sharps waste management is one of the important issues that must be addressed to effectively control important bloodborne diseases including HIV/AIDS."
About Interlink Capital Strategies
Interlink Capital Strategies (www.interlinkdc.com), established in 1994, is a Washington DC-based consulting firm specializing in emerging market finance and business development. Our managers are experts in developing business opportunities and/or financing them, with a particular expertise of tapping into funding from sources supporting activity in regions of the world such as Africa. Interlink Capital Strategies (and an affiliate, Interlink Trade Finance) specializes in creating partnerships, structuring appropriate business plans, and then producing the quantitative and qualitative project information to develop these business opportunities and arrange financing. The original company was founded by Tim Bridgewater and Neil Bush (former President Bush's brother) to focus on business between the U.S. and Southeast Asia. Today Interlink has political ties on both sides of the aisle and the focus has broadened to include Latin America, Africa, Middle East, Eastern Europe and the former Soviet Union countries.
About BioMedical Technology Solutions Holdings, Inc.
BioMedical Technology Solutions Holdings, Inc., located in Englewood, Colorado, sells the Demolizer(R) II through its wholly owned subsidiary BioMedical Technology Solutions, Inc. BMTS' patented Demolizer(R) Technology converts infectious biomedical waste into non-infectious material. BMTS' products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US. For more information, visit http://www.bmtscorp.com/ or call 866-525-2687.
About the Demolizer(R) II
The Demolizer (R) II is the GREEN alternative to biomedical waste disposal. The device is the only patented, portable, and self-contained system able to process both sharps and typical red bag biomedical waste onsite. The processed waste is rendered sterile and discarded as common trash eliminating up to 100% of the cost associated with its disposal. The Demolizer(R) II meets or exceeds all EPA and CDC guidelines and is approved or meets treatment requirements in 48 states after review by 80 governmental agencies. The device uses no chemicals or liquids, plugs into a normal outlet through a surge protector, and automatically records and prints state required documentation. The Demolizer(R) II provides a safer, more environmentally GREEN method for biomedical waste disposal.
Safe Harbor for Forward Looking Statements
The statements contained in this press release may include certain projections and forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements involve a number of risks and uncertainties. Such statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given however, that these events will occur or that such expectations will be achieved and that actual results could differ materially from those described. Actual results of future operations of BioMedical Technology Solutions Holdings, Inc. may differ materially from those indicated by these forward looking statements as a result of various important factors.