SOURCE: Oncologix Tech, Inc.

October 10, 2013 08:50 ET

Oncologix Continues Expansion; Signs Letter of Intent With Private Pay Healthcare Service Provider

ALEXANDRIA, LA--(Marketwired - Oct 10, 2013) - Oncologix Tech Inc. (OTCQB: OCLG), announced today that it has signed a Letter of Intent to acquire a Private Pay healthcare service provider.

Wayne Erwin, CEO of OCLG, stated, "We have signed a letter of intent with a provider of private pay services to the elderly and to Veterans Administration clients. We expect to announce the details of this transaction within the next 45 days. The Letter of Intent continues our Company strategic mission."

With the recent acquisition of Angels of Mercy, Inc, a leading Personal Care Attendant service provider now complete, we will merge these operations into Angels. The combined synergies will allow Angels of Mercy to become the leading PCA healthcare service provider in the State of Louisiana with over 248 employees and $3.8 million in annual revenues, thereby continuing with the Company's core mission. OCLG is determined to position the Company for long-term growth and profitability built on the strength of its existing operations and new health care service acquisitions.

Oncologix operates medical device and healthcare services companies. For its clients, Oncologix provides FDA approved medical devices and State licensed healthcare services. For its shareholders, Oncologix operates profitable operations that build, maintain and nourish shareholder value. The Company's corporate mission is to be the best small cap medical device and healthcare services company in North America.

This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT INFORMATION
    Wayne Erwin
    CEO
    Email Contact
    (318)769-1958

    INVESTOR RELATIONS
    Jack Eversull
    President
    The Eversull Group, Inc.
    972-571-1624
    214-469-2361 fax
    Email Contact

    Green Arrow Consultants
    (760) 565-7503