Covalon Technologies Inc. Announces Worldwide Agreement with Smith & Nephew plc

MISSISSAUGA, ONTARIO -- (MARKET WIRE) -- March 19, 2007 -- Covalon Technologies Ltd. (the "Corporation" or "Covalon") (TSX VENTURE: COV) announced that it has entered into a 5 year world-wide distribution agreement with Smith & Nephew (NYSE: SNN)(LSE: SN),, a world leader in wound care. Smith & Nephew will be the exclusive world-wide distributor for all Covalon's collagen-based wound care products, including the ColActiveâ„¢ range.

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