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Advanced Global Industries Corporation Enters Into A Letter Of Intent To Acquire Synova Healthcare Inc.


10/19/2005 5:09:37 PM

BELLINGHAM, Wash., Dec. 27 /PRNewswire-FirstCall/ -- Advanced Global Industries Corporation announced today that it has entered into a non-binding letter of intent to acquire all of the issued and outstanding shares of Synova Healthcare, Inc. of Media, PA.

Synova has developed a non-invasive medical diagnostic test for women to determine the onset of specific medical conditions. The products will improve human health and quality of life by providing early and accurate awareness of these medical conditions.

Mr. Stephen King, CEO of Synova says, "The acquisition of Synova by Advanced Global is another milestone for our Company. The move will allow us access to capital markets so we can continue to develop and market our products. We are delighted to be aligning ourselves with successful investing banking groups such as G.M. Capital Partners Ltd. of Zurich Switzerland and Oceana Partners LLC of New York City in this transaction."

Mr. Knight, President of Advanced Global Industries stated, "I am delighted to enter into this LOI for the benefit of our shareholders. Synova's healthcare products are timely and well situated in the Healthcare industry. We see many opportunities to acquire additional technologies or operating companies that are highly complementary to the core products of Synova."

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward looking statements.

Corporate Headquarters Advanced Global Industries Corporation 114 W. Magnolia Street #446 Bellingham, WA 98225 Telephone: 800-661-7830 Fax: 888-639-4097 Investment Information: J.A. Michie, Managing Director G.M. Capital Partners, Ltd Usteristrasse19, CH-8023 Zurich, Switzerland Tel: 41.44.226.5000 Fax: 41.44.226.5009 In North America: 800-647-9877 jamichie@gmcapital.com

Advanced Global Industries Corporation

CONTACT: J.A. Michie, Managing Director of G.M. Capital Partners, LtdSwitzerland, 41.44.226.5000 or fax, 41.44.226.5009, or North America,800-647-9877, or jamichie@gmcapital.com


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