SOURCE: BioMedical Technology Solutions Holdings

December 15, 2010 09:00 ET

BMTL Expands Reach to the Physician Market Through a New Distribution Agreement With GroupSource

ENGLEWOOD, CO--(Marketwire - December 15, 2010) -  BioMedical Technology Solutions Holdings, Inc. ("BMTS") (OTCBB: BMTL) is pleased to announce the signing of a distribution agreement with GroupSource for the sale of its Demolizer® II System. 

GroupSource is a Lenexa, Kansas, based corporation founded in 1996. As a group purchasing organization focused on the physician market, GroupSource uses collective leverage to help its members reduce hard dollar costs for supplies and services with over 100 contracts from nearly all of the medical-related supply/services contracts required by a physician practice to general office supplies, credit card processing and telecommunications. GroupSource has been endorsed by many organizations who serve as advocates for the physician community including the North Carolina Medical Society, Louisiana State Medical Association, South Carolina Medical Society and the Colorado Medical Society, and others representing over 130,000 physicians. 

Ross Conner, CEO for GroupSource, stated, "We are excited to announce our newest contract with BMTS. Using the latest innovations in waste management, the Demolizer® II offers our members the opportunity to better manage and significantly reduce the costs associated with medical waste. We are especially excited about the return on investment this solution and our contracted rates offer our members."

"With a 93% retention rate, GroupSource has one of the highest customer loyalty rankings in the industry, which adds significantly to our strategic marketing efforts by generating greater awareness of the Demolizer® II system nationally," said Tom Von Bank, BMTS' National Director of Sales. Further stating, "GroupSource also has a long-standing and very strong relationship with Henry Schein, one of our largest national distributors. In fact, Henry Schein is the leading supplier to the GroupSource network. This is important since we realize a three-fold better closing ratio when working through strong distribution partners compared to direct sales. We expect the synergistic relationship between BMTS, GroupSource and Henry Schein to greatly enhance our reach into the physician marketplace."

About BioMedical Technology Solutions Holdings, Inc.
BioMedical Technology Solutions Holdings, Inc., located in Englewood, Colorado, sells the Demolizer® II through its wholly owned subsidiary BioMedical Technology Solutions, Inc. BMTS' patented Demolizer® 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 303-653-0100.

About the Demolizer® II
The Demolizer ® 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® 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® 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.

Contact Information

  • Contact:
    Don Cox
    (303) 653-0100