SOURCE: Southwestern Medical Solutions, Inc.

November 01, 2005 16:00 ET

SWMS in Talks to Extend Marketing & Distribution Reach

TAMPA, FL -- (MARKET WIRE) -- November 1, 2005 -- Southwestern Medical Solutions, Inc. (OTC: SWNM) is pleased to announce that it has begun talks with a major southeastern U.S. and Caribbean medical laboratory supplier.

SWNM Working Out Nuances With Major Medical Supplier

SWNM has had a series of entry-level negotiations with a major medical supplier to the southeastern U.S. and Caribbean with a view to extending its distribution of Labguard™, and other prospective SWMS products, through a formal arrangement. This medical laboratory distributor has customers that reach over 200 laboratories, and it has expressed great enthusiasm in the product, testing results, and pricing. Continuation of these talks will commence upon agreements being reached with other U.S. and international medical distributors who are interested in the licensing rights of the product through OEM.

Labguard™ Meets Critical Needs For Independent Laboratories

Importantly, technical advances in the Labguard™ system allow it to be custom fitted to meet the needs of even the smallest clinical laboratory without great expense. This will facilitate the provision of critically needed testing and diagnosis in areas of the world where the cost of conventional systems has been a barrier to their use.

The Labguard™ system represents a new generation of diagnostic testing that will greatly enhance the accuracy of the tests performed, the safety of the administrators, and reduce the possibility of any tampering of specimens. SWNM is poised to bring this product to market through its many distributor alliances including international markets and OEM license of the product to two of the largest laboratory distributors in the U.S. Once the Labguard is off and running, and sales are realized, the Company will then direct its efforts toward the market launch of its proprietary safety needle device, the exciting Protect-A-Pal™, which the Company views as offering a major improvement in safety and ease-of-use over conventional needle safety systems -- at a much lower cost to end users!

Forward-Looking Statements

The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the Company to which this release pertains. The actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update information contained in any forward-looking statement.

Contact Information

  • Contact: Richard Powell
    Phone: 1-877-576-0936
    E-Mail: Email Contact
    Website: www.swmdmedical.com

    Southwestern Medical Solutions, Inc.
    Corporate Address:
    13014 N. Dale Mabry
    Tampa, FL
    33618