Moseda Technologies Inc.
TSX VENTURE : MSD

Moseda Technologies Inc.

October 08, 2015 08:00 ET

Moseda Technologies Announces Distribution Agreement With a Top 10 Pharma and Diagnostics Company

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 8, 2015) - Moseda Technologies Inc. (TSX VENTURE:MSD) ("Moseda" or the "Company"), a technology company focused on developing progressive mobile health (the "mHealth") and telemedicine solutions for institutional and home healthcare, is pleased to announce that the Company has signed a distribution agreement (the "Agreement") with a top 10, multi-national pharma and diagnostics company.

The Agreement appoints Moseda as a distributor of products in Canada. Pricing for the subject products is negotiated and may be updated once per year, on January 1st. In the event of price changes a minimum of 60 days advance notice will be provided to Moseda.

"We are excited to introduce these products to our target markets in pharmacy, long term care, retirement homes and home care. Offering a tried and tested product from a trusted and globally recognized name will allow us to better serve existing customers and further expand the adoption of our mHealth and telemedicine applications in the market," said Nicholas Murray, CEO of Moseda.

The Company plans to launch sales in Q4-2015.

ON BEHALF OF THE BOARD

Nicholas Murray, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Moseda Technologies Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

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