DGAP-News: MedX Limited: MedX Expands International Distribution Network in Latin America
(firmenpresse) - MedX Limited / Key word(s): Miscellaneous
27.09.2010 10:02
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MedX Expands International Distribution Network in Latin America
Grants Medical Exercise Centers International, Inc. Distribution Rights to
Market and Sell MedX Exercise and Rehabilitation Equipment in Brazil,
Colombia and Mexico
ORLANDO, Fl - PR NEWSWIRE -- MedX Limited (Frankfurt: 8MX), the
manufacturer and global distributor of MedX(R)-branded medical exercise and
fitness equipment, today announced that it has granted Medical Exercise
Centers International, Inc. (MECI) distribution rights to market and sell
the Company's full line of exercise and rehabilitation equipment in Brazil,
Colombia and Mexico. Established in 2000, MECI owns and operates its own
proprietary network of sports medicine and rehabilitation centers in Spain
and Venezuela and has served as a valued customer and distributor of MedX
products in those markets over the past decade.
Michael Sanchez, Chief Executive Officer of MECI, stated, 'As a former
professional athlete, certified personal trainer and coach of seven water
ski world champions, I have made it my personal and professional business
to carefully research the sports medicine and rehabilitation equipment
market to discern the industry's best, most technologically advanced
solutions available. Quite simply, no competitive offerings have ever been
capable of matching MedX machines in terms of functionality, manufacturing
superiority, enduring reliability and training outcomes. MECI has been
proud to feature MedX machines in our training centers and to serve as an
ardent, vocal advocate and distributor of the MedX equipment line in the
markets we serve. Given our ambitious growth plans in Latin America, we
intend to fully leverage our industry expertise and experience with MedX to
expand our collective share of the medical rehab and physical fitness
markets in this region.'
'An important element of MedX's long term success lies in teaming with the
right distribution partners who are capable of promoting accelerated market
awareness and adoption of MedX's branded line of exercise and medical
machines in key geographic markets around the world,' noted Larry Evans,
President of MedX, Ltd. 'For nearly 10 years, Michael and his team at MECI
have proven to be among our strongest marketing allies outside of the
United States. Consequently, we are delighted that we have the opportunity
to simultaneously enhance our longstanding relationship with their Company
while collaborating with them to increase sales of our equipment in key
high growth markets in Latin America.'
MedX is credited for pioneering an entirely new category in the medical
rehabilitation and fitness equipment sector: Medical Exercise Technology,
which combines functional testing and resistance exercise necessary to
restore and enhance health. MedX holds more than 30 patents on its
products, which are among the most researched of its kind in the world.
More than 75 peer-reviewed medical journal articles have been published
over the past 24 years confirming MedX's ability to significantly decrease
chronic spine-related pain issues, restore spinal function, improve quality
of life and independence, and decrease or eliminate the need for ongoing
spinal care or pain management even after multiple failed attempts atother
forms of treatment.
The proven success of MedX speaks for itself through a 'Who's Who' customer
base comprised of professional sports teams; colleges and universities -
both domestic and abroad; government agencies, including but not limited to
every branch of the U.S. Armed Forces, CIA, Department of Energy, Secret
Service, FBI and the Veterans Administration (numerous locations); Fortune
500 companies, such as General Motors and Tyson Foods; and hundreds of
medical rehabilitation hospitals and leading wellness centers throughout
North America and around the world.
Certain statements contained in this press release, which are not based on
historical facts, are forward-looking statements as the term is defined in
the Private Securities Litigation Reform Act of 1995, and are subject to
substantial uncertainties and risks in part detailed in the respective
Company's Securities and Exchange Commission filings, that may cause actual
results to materially differ from projections. Although the Company
believes that its expectations are reasonable assumptions within the bounds
of its knowledge of its businesses, expectations, representations and
operations, there can be no assurance that actual results will not differ
materially from their expectations. Important factors currently known to
management that could cause actual results to differ materially from those
in forward-looking statements include the Company's ability to execute
properly its business model, to raise additional capital to implement its
continuing business model, the ability to attract and retain personnel -
including highly qualified executives, management and operational
personnel, ability to negotiate favorable future debt facilities and
capital raises, and the inherent risk associated with a diversified
business to achieve and maintain positive cash flow and net profitability.
In light of these risks and uncertainties, there can be no assurance that
the forward-looking information contained in this press release will, in
fact, occur.
27.09.2010 10:02 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 27.09.2010 - 10:02 Uhr
Sprache: Deutsch
News-ID 32256
Anzahl Zeichen: 0
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Kategorie:
Business News
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