an ISO company
| Torrance, CA September 15, 2005 |
News Release Index |
| EYE DYNAMICS SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT WITH LARGEST SUPPLIER OF MEDICAL EQUIPMENT TO LATIN AMERICA AND THE CARIBBEAN | |
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Eye Dynamics, Inc. (OTCBB: EYDY), a leading provider of health and safety products,
announced today that it has signed an exclusive sales and marketing agreement with
MD International, Inc., (MDI) the leading exporter of medical equipment to
Latin America and the Caribbean. MDI supports over 600 partners and sells its products
to international agencies such as the World Health Organization, UNICEF and the
Pan American Health Organization. MD International's categories cover specialties in the
areas of general medicine, ENT obstetrics/ gynecology, ophthalmology, physical therapy,
cardiology, surgery, critical care, anesthesiology and imaging.
"We are very pleased to reach this agreement with MD International to market, sell and support Eye Dynamics' line of medical products for ENG applications in the region." said Ron Waldorf, CEO of Eye Dynamics. "Beyond products and technology, MDI provides professional consultation to help healthcare professionals make decisions about what kinds of technology are needed to provide better healthcare, where the technology should be located and how to get the technology implemented. MDI has targeted the sale of $200,000 of the systems annually of our Video ENG product in their territories. As a result, we believe MDI is the ideal partner in the Latin American and Caribbean region to support our strategic goal of broadening our sales opportunities to a global customer base." Eye Dynamics and MDI will debut their relationship at OTO-EXPO, the largest international convention of ear, nose & throat physicians scheduled at the Los Angeles Convention Center, September 25-28. To take advantage of this unique opportunity, marketing events and training programs are to be conducted at Eye Dynamics' Booth #1443. "We are pleased to bring Eye Dynamics and their expanding product line to medical professionals and patients in Latin America and the Caribbean," said Carl de Vaal, MDI. "Eye Dynamics has the leading technology today for Video ENG applications and has some exciting product development plans for the future. The market opportunity in these regions is significant and we believe by first educating the market on the solutions and then providing the ongoing support and training, together we can bring Eye Dynamics' leading health and safety products to our customer base." About Eye Dynamics, Inc. Eye Dynamics is in the business of developing and manufacturing proprietary products and services to the institutional, medical and government markets. The company is a leader in the Video ENG medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope™, the company's latest product, is designed for the 'fitness-for-duty' screening of workers. SafetyScope™ is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect driving under impairment (DUI) used by law enforcement throughout the United States. Law enforcement as well as Department of Defense applications are active research & development programs for the company. As previously announced, Eye Dynamics has signed a Definitive Merger Agreement with OrthoNetx (Superior, CO www.orthonetx.com), a leading provider of medical devices for osteoplastic surgery and 'human data consent' technology for medical device and clinical applications. The acquisition will be completed as a stock transaction and is subject to certain customary conditions including certain regulatory approvals. About MD International MD International, based in Miami, Florida, and founded in 1987, represents more than 30 medical manufacturers. The company has subsidiaries in Mexico City, Mexico and Sao Paulo, Brazil, and sales offices in Panama City, Panama, Bogotá, Colombia, Santiago de Chile, Chile, Buenos Aires, Argentina and San Juan, Puerto Rico. MD International provides medical products through more than 600 distributors in 36 countries, and sells directly to more than 100 hospitals and government institutions. The company was awarded the 2003 Small Business Exporter of the Year Award from the Export-Import Bank of the United States. For more information please visit www.MDInternational.com Safe Harbor for Forward Looking Statements This news release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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