SOURCE: Avitech LifeSciences Inc.

November 07, 2007 09:00 ET

Avitech LifeSciences Inc. in Negotiations With California Based Wholesale Distributor to Market Company's All Natural Weight Loss Reduction Formulation, Avi-Slim™

DENVER, CO--(Marketwire - November 7, 2007) - Avitech LifeSciences Inc.(PINKSHEETS: AVLF) has begun preliminary negotiations with a California based wholesale distribution firm to market Avitech's all natural weight loss reduction formulation Avi-Slim™. The firm contacted Avitech in early October requesting samples of the weight loss reduction product. Samples of the product have been sent as requested. The wholesale distribution firm will conduct an evaluation on the products effectiveness and potential retail marketability.

Weight loss products represent a multibillion dollar market in North America and abroad. Avitech continues to receive positive feedback from satisfied customers using the weight loss reduction formulation Avi-Slim™. The California based firm has strong market distributorship presence throughout California, Texas and also has market representation in Mexico.

"This is an excellent opportunity for Avitech to further expand the company's product visibility. Although the initial interest is in the weight loss formulation, we are confident this group will take interest in some of our existing line of Avi-Essence products. I am extremely pleased with the no nonsense approach this firm has taken with us in these negotiations and expect a positive outcome very shortly," stated Avitech's Director of Sales and Marketing, Terri Miller.

The company also reported that after further review Avitech has concluded that the Direct Response opportunity mentioned in the June 12, 2007 press release is not economically viable for the Company at this juncture.

For more information on Avitech's wholesale distributorship program and products please visit our website at www.avitechls.com

About Avitech LifeSciences Inc.

Avitech LifeSciences Inc. is a firm focused on health and life sciences industry. Avitech helps entrepreneurs accelerate their business development by investing early in the company's development and taking an active role in its day to day operations by acting as collaborative partners with the companies we bring on board. Although Avitech LifeSciences Inc. primary mandate is health and life sciences sector the company's mandate will allow it to look at all investments to increase shareholder value

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    Heidi Youtsey
    President
    Avitech LifeSciences Inc.
    Tel: (303) 865-7601