NEW YORK, NY--(Marketwire - February 17, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) has initiated operations under its joint venture with U.S. News Marketing Co., a division of U.S. News Co. Implementation of business under the joint venture has proceeded ahead of schedule, and the revenue stream has commenced.
Initial customer reception has been strong, and the Company will release revenue estimates in the near future. The terms of the joint venture provide Healthnostics with 60 percent of gross revenues.
U.S. News Marketing selected the consulting division of Healthnostics for its expertise in the regulations, operations, and culture of publicly traded companies.
About Healthnostics
Healthnostics, Inc. is a medical products manufacturer, system manufacturer, product distribution, and consulting company. Healthnostics' subsidiary, Worldwide Wipes Co., is a major manufacturer and distributor of medical and general swabs.
For further information please visit Healthnostics www.healthnostics.com, and Worldwide Wipes Co. www.wipesco.com.
And visit us on Facebook at www.facebook.com/Healthnostics.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
