TEMECULA, Calif., May 26 /PRNewswire-FirstCall/ -- Nicholas Investment Company, Inc. today announced that its subsidiary, SINO UJE, Ltd., has achieved initial sales of Ulrich GmbH & Co. injector systems in to Chinese hospitals in the Shanghai area as part of the exclusive distribution agreement announced in March 2004. The initial sales signal the successful launch by SINO of the Ulrich contract injector business in China with a comprehensive, nationwide dealer network and the completion of all training and support work necessary to support this important product line.
SINO received the initial orders for the Ulrich brand of injectors used for CT and MRI examinations in April, and Ulrich representative, Klaus Brandt, recently traveled to China to oversee installation of the systems in Shanghai-area medical facilities. Additional orders for Ulrich injectors have subsequently been taken by SINO UJE, and interest in the product line has been strong.
Chris Bickel, President of SINO UJE and Nicholas COO, commented, “Ulrich is the world leader in the design and manufacture of injector systems for medical imaging applications, and we are pleased to now have its products fully integrated into our sales and distribution network. The Ulrich technology provides clear advantages over existing domestic and internationally-supplied injector systems available in China, the most important of which is the elimination of the risk of patient-to-patient contamination as a result of Ulrich’s patented designs and proprietary technology.
“SINO UJE projects continued growth in the sale of Ulrich systems, as well as a number of other product lines, and we look forward to creating additional value in the Nicholas portfolio through the expansion of our distribution network in the China market,” added Mr. Bickel.
About the Company
Nicholas Investment Company, Inc. is a closed-end fund whose core focus is to seek out strategic investments in a number of growth industries. The company has acquired 100% of Javelin Holdings, Inc. (http://www.javelinholdings.com/), a small business consulting and investment banking firm, and 95% of SINO UJE (http://www.sinouje.com/), a non-stocking distributor that sells and services western-manufactured high-tech products to markets throughout China. For more information on the Company and its Fund Portfolio or to sign up for the Company’s mailing list, please visit, http://www.nicholasinvestments.com/
All statements included in this release, including statements regarding potential future plans and objectives of Nicholas Investment Company, Inc. are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Nicholas Investment Company, Inc.'s control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially depending on many factors. Nicholas Investment Company, Inc. cautions that historical results are not necessarily indicative of the future performance.
Nicholas Investment Company, Inc.
CONTACT: Andrew Beyer of Nicholas Investment Company, Inc.,+1-909-587-9100, info@nicholasinvestments.com
Web site: http://www.sinouje.com/
Web site: http://www.javelinholdings.com/
Web site: http://www.nicholasinvestments.com/
