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BodyTel Scientific, Inc. (BDYT) Enters into Distribution Agreement for the Benelux Region
2/14/2008 10:06:12 AM
JACKSONVILLE, Fla.--(BUSINESS WIRE)--BodyTel Scientific Inc. (OTCBB: BDYT), a developer and manufacturer of wireless telemedical devices, announces today that it has, through its wholly owned subsidiary BodyTel Europe GmbH, entered into an international distribution agreement with TeleHealth Services b.v., a well known distributor of medical supplies in the Western European Benelux Region. Beginning in the first quarter of 2008, BodyTel’s new partner, TeleHealth Services intends to begin offering BodyTel’s blood glucose monitoring and diabetes management system, GlucoTel™, as well as the PressureTel™ blood pressure device and the WeightTel™ weight scale, once available, in the Benelux Region, which consists of Belgium, The Netherlands and Luxembourg (the “Territory”). Pursuant to the terms of the distribution agreement BodyTel granted TeleHealth Services the right to exclusively market the products of BodyTel in The Netherlands and non-exclusive in Belgium for a term of one year. TeleHealth Services is also responsible for all distribution, compliance and marketing costs relating to the sale of the products in the Territory.
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