SOURCE: Home Health International Inc.
VERO BEACH, FL--(Marketwire - Jun 28, 2012) - Home Health International Inc. (PINKSHEETS: HHII), a DME distributor and home health services provider, announced today that it has reached an agreement with a global network of medical equipment suppliers.
Home Health International is currently finalizing a contract with a global network of medical equipment suppliers. The supplier network is comprised of 16 manufacturers of name-brand medical equipment. The manufacturers are located in Korea, Taiwan, Thailand, China, and Malaysia.
Product importation is critical to remaining competitive in the U.S. medical equipment market. According to the FDA, imports represent more than 35% of the $106 billion U.S. medical equipment market. While imported medical equipment often comes with a lower price tag, product quality is never sacrificed. Foreign manufacturers must meet applicable United States medical device regulations in order to import devices into the U.S. even if the product is authorized for marketing in another country.
By importing products directly from the manufacturers, Home Health International will realize significant cost savings over sourcing these products from domestic third-party wholesalers. These cost savings will allow Home Health International to capture greater profit margins on each product while maintaining highly competitive prices. Furthermore, Home Health International will be able to strengthen and diversify its product portfolio.
About Home Health International Inc.
Home Health International Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company received shareholder and board approval to amend its Articles of Incorporation to change its name to Home Health International Inc. This change was approved by FINRA and became effective on March 26, 2012.
This press release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Home Health International Inc. undertakes no obligation to update such statements.