CHULA VISTA, Calif., Nov. 20, 2012 /PRNewswire/ -- Medex Inc. (OTC Pinksheets: MDXX) is pleased to announce that it has recently completed a corporate reorganization conducted over the past 6 months and is now fully compliant and current in all its corporate public disclosures and financial filings.
The Company has completed a full audit of its businesses and restructured and streamlined its operations to focus on its most profitable divisions. Management has also been actively engaged in discussions and negotiations involving partnership and joint venture opportunities with other established businesses in an effort to gain market share within the sector. Medex plans to report on these developments in upcoming corporate announcements.
The company is also in the process of updating and amending its website and has shortlisted a number of Investor Relations firms in an effort raise its corporate awareness and communicate effectively with investors and shareholders. The company's updated corporate information can be found at http://www.otcmarkets.com/stock/MDXX/company-info.
Medex President and CEO, Paul Protzman commented, "we are pleased to report that the company has streamlined its operations with a renewed focus on our core business strengths as well as identifying and making progress on a number of exciting new corporate initiatives. We have received substantial investment and partnership interest from established industry players and we look forward to reporting on these developments going forward."
Medex operates in the multi-billion dollar health care industry as the aging of America continues to place significant demands on the US Government to adequately provide for the elderly. As Americans live longer, the number of elderly is dramatically increasing every year and increasing the demand for more medical products and services. While baby boomers continue to reach retirement age, the number of Americans age 55 and older will dramatically increase from 60 million today to about 108 million by 2030, or approximately 31% of the population. Notably, the next generation of retirees will be the healthiest, longest living, best educated, and most affluent in history. Medex plans to capitalize on the explosive growth of this demographic trend by focusing on new niche markets created for small companies that service the medical and daily-living needs of the aging population.
About Medex Inc.
MedEx, Inc. is a publicly traded; California based medical support and services Company. It distributes quality Medicare – Accredited medical equipment and supplies to consumers, medical professionals and insurance carriers. The company's vision is to be a pre-eminent medical and equipment supply Company by providing products for people with disabilities, recovering from surgery, in rehabilitation facilities, nursing homes, assisted living centers and the elderly. For additional information please visit the company's website at http://www.21stsynergymedical.com/
1 800 245 7791 Ext. #3
Safe Harbour Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1955. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will," or "should," "expected," "anticipates," "draft," "eventually," or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.