BodyTel Scientific, Inc. Enters Into First International Distribution Agreement
Published: Jan 22, 2008
JACKSONVILLE, Florida--(BUSINESS WIRE)--BodyTel Scientific Inc. (OTCBB: BDYT), a developer of wireless telemedical devices, announces today that it has, through its wholly owned subsidiary BodyTel Europe GmbH, entered into an international distribution agreement with FourMed Medical Supplies, a well known distributor of medical supplies in the Middle east. Beginning in the first quarter of 2008, BodyTel’s new partner, FourMed Medical Supplies (www.fourmed.com ), 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 eight Arabian countries, with the United Arab Emirates as its core market (the “Territory”). Pursuant to the terms of the distribution agreement BodyTel granted FourMed the right to exclusively market the products of BodyTel in the Territory for a term of one year. FourMed is also responsible for all distribution, compliance and marketing costs relating to the sale of the products in the Territory.