SOURCE: Market Pulse

October 22, 2007 08:45 ET

Market Pulse Breaking News Alert for Monday, October 22, 2007: ZMS -- Zecotek Medical Systems Appoints U.S. Distributor for Its New Line of Fiber Lasers; First Trial Order Received From Major Customer!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - October 22, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: Zecotek Medical Systems Inc. (TSX-V: ZMS), Google Inc. (NASDAQ: GOOG), CyberSource Corp. (NASDAQ: CYBS) and PMC-Sierra Inc. (NASDAQ: PMCS).

Investors need to be watching Zecotek Medical Systems Inc. (TSX-V: ZMS) this AM! Zecotek Medical Systems is a bio-photonics company that develops high-performance crystals, photo-detectors, medical lasers, optical imaging and 3D display technologies for commercial applications in the medical diagnostics and high-tech industry. The company has three distinct operating divisions: medical imaging, medical lasers and 3D display and labs located in Canada, Singapore and Russia. Zecotek has developed two significant bio-photonic technologies with the potential to revolutionize the $15 billion medical diagnostics industry. With core competencies in lasers, optoelectronics and crystal growth, Zecotek's Singapore Lab is focused on introducing creative laser solutions to this growing industry. The annual revenue generated by the US medical laser systems market alone, has more than doubled in the past five years and reached $2.5 billion in 2006. ZMS has successfully developed a compact, color 3D display prototype that offers multiple viewers with true volumetric visualization and exhibit depth and parallax over a wide viewing angle. The unique applications of photonics continue to emerge. Those which are established as economically important applications for semiconductor photonic devices include optical data recording, fiber optic telecommunications, laser printing (based on xerography), displays, and optical pumping of high-power lasers. The potential applications of photonics are virtually unlimited and include chemical synthesis, medical diagnostics, on-chip data communication, laser defense, and fusion energy to name several interesting additional examples. Zecotek has a proven track record of securing licensing agreements with industry leaders. The company is creating shareholder value by commercializing novel, patented and patent-pending bio-photonic technologies directly and through strategic alliances and joint ventures with multinational OEMs, distributors and other industry leaders. ZMS has partnered with the University of Washington to develop a proprietary PET/MRI scanning device, which has the potential to set a new standard in medical imaging. Northrop Grumman has signed a 20-year exclusive agreement to license ZMS' LFS scintillation crystal material. Zecotek recently announced that it has signed a letter of intent with Fujikura Ltd. of Japan to negotiate terms of a proposed business partnership which would feature the manufacture and distribution of certain technologies and products, including Zecotek's new line of fiber lasers and a detector block consisting of Zecotek's proprietary solid-state photo detectors and LFS scintillation crystals. ZMS is poised to become a significant player in the bio-photonics and medical diagnostics industry! Zecotek Medical Systems just had excellent news out in a press release before today's opening bell announcing the appointment of Market Tech, Inc. as their exclusive U.S. sales representative for Zecotek's new line of fiber laser products! Investors should be watching this one closely!

Zecotek Medical Systems Inc. (TSX-V: ZMS) today announced the appointment of Market Tech, Inc. as their exclusive U.S. sales representative for Zecotek's new line of fiber laser products. Market Tech is a privately held corporation based in Scotts Valley, CA which provides distribution and sales representation for a variety of photonics manufacturers. With the appointment of Market Tech, Zecotek has received its first order for the GLF-540-0.2 Green Fiber Laser series from a major U.S.-based customer.

"Market Tech has a first-rate reputation and track record with key U.S.-based customers and provides an excellent complement to our portfolio of fiber lasers," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek. "We are delighted that they have already initiated the first purchase order with a major U.S. customer."

"Zecotek's fiber lasers will be highly attractive to a broad range of customers including OEM manufacturers who are looking for different powers at specific wavelengths," said Phillip Crowley, President & CEO of Market Tech, Inc. "We look forward to working with Zecotek."

Zecotek is developing a rich portfolio of new-generation fiber lasers and sub-systems. Zecotek's first fiber laser product, the GLF-540-0.2 Green Fiber Laser, operates in the whole green spectral range and offers significant competitive advantages over existing solid-state and gas lasers, with higher energy efficiency, a more compact design, and delivery of high power with superior beam quality.

About Market Tech

Market Tech, Inc. is a privately held California Corporation based in Scotts Valley, CA. The company provides distribution and sales representation for a variety of photonics manufacturers. Market Tech's product focus is in lasers, optics, fiber-optics, sensors and optical instrumentation for applications in Life Science, Medical, Telecom and Research markets. All Market Tech sales staff have an engineering background in either lasers, instrumentation or optics. Market Tech has extensive experience in sales and marketing of Laser, Optical Instrumentation and Fiber Optic products. For more information on Market Tech please visit http://www.markettechinc.net.

About Zecotek

Zecotek Medical Systems is a photonics technology company developing high-performance crystals, photo detectors, medical lasers, optical imaging and 3D display technologies for commercial applications in the medical diagnostics and high-tech industry. Founded in 2003, the company has three distinct operating divisions: medical imaging, medical lasers and 3D display and labs located in Canada, Singapore and Russia. Zecotek commercializes its novel, patented and patent-pending bio-photonic technologies directly and through strategic alliances and joint ventures with multinational OEMs, distributors and other industry leaders. For more information, please visit www.zecotek.com.

Stocks in the news and acting well as of late include: Google Inc. (NASDAQ: GOOG), CyberSource Corp. (NASDAQ: CYBS) and PMC-Sierra Inc. (NASDAQ: PMCS).

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