LA-SEYNE-SUR-MER, France, Oct. 26 /PRNewswire-FirstCall/ -- Heritage Worldwide, Inc. (BULLETIN BOARD: HWWI) , a large worldwide provider of breast implants, today announced that one if its subsidiaries, Poly Implant Protheses, SA (“PIP”), has obtained approval from the Australian Therapeutic Goods Administration (“TGA”) to market gel-filled breast implants in Australia.
“We are expanding the number of countries in which we market our products. The entry into the Australian market is significant progress for us,” commented Jean-Claude Mas, chief executive officer of Heritage Worldwide. “Australia, with more than 20,000,000 people and a GDP higher than France, provides a healthy platform for our products and a springboard to enter into other Asia-Pacific countries. We estimate that approximately 6,000 women in Australia have breast implant surgery each year. We have worked hard with Medical Vision Australia Pty. Ltd, our distributor in Australia, to secure the approval of the TGA.”
“We believe that PIP’s products, with its asymmetric shapes, aligns the lateral aspects of the augmented breast in symmetry with the body’s natural curvature and the shape of the chest with the same high quality standards PIP has developed over the years,” said Stan Racic, director of Medical Vision Australia Pty. Ltd.
About Heritage Worldwide, Inc.
The Company is incorporated in the State of Delaware. The Company and its subsidiaries develop, manufacture, and market breast and other body implants and body support products worldwide. The Company maintains its production facility and headquarters in the Toulon metropolitan area in Southern France. It also has a distribution facility in Spain.
About Medical Vision Australia Pty. Ltd.
Medical Vision Australia is headquartered in Evandale, South Australia, with distribution operations throughout Australia and New Zealand. The Company provides specialty medical products and expert product knowledge. The Company is privately-held.
Safe Harbor Statement
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by us. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” similar expressions, and variations or negatives of these words. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements speak only as of the date hereof and are based upon the information available to us at this time. Such information is subject to change, and we will not necessarily inform you of such changes. These statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statement as a result of various factors.
Important factors that may cause such a difference for Heritage Worldwide include, but are not limited to, competitive pressures and other factors such as the introduction or regulatory approval of new products by our competitors and pricing of competing products and the resulting effects on sales and pricing of our products, disruptions or other problems with our sources of supply, significant product liability or other claims, difficulties with new product development and market acceptance, patent conflicts, product recalls, United States Food and Drug Administration (FDA) delay in or approval or rejection of new or existing products, changes in government regulation, use of hazardous or environmentally sensitive materials, our inability to implement new information technology systems, and other events.
Our Annual Report on Form 10-K and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Heritage Worldwide, Inc.
CONTACT: Claude Couty, Chief Financial Officer, Heritage Worldwide,Inc., +011-33-4-94-10-78-08, or ccouty@pipfrance.fr
