EDMONTON, Alberta, Dec. 8 /PRNewswire-FirstCall/ -- Medical Services International Inc. is pleased to announce it has received an order from a Dubai based company for 1,000,000 VScan test kits to be delivered from January 31, 2006 to December 31, 2006. This order will generate revenues for the Company in excess of US $2,900,000 during this period. All orders during the year are to be guaranteed by irrevocable Letters of Credit. The Letters of Credit are being issued by a western bank approved by the company with no secondary banks involved.
According to the Dubai company, based on anticipated changes to the regulations allowing visitors in the country, there is a possibility that this order will be increased significantly. Medical Services is confident that its production facilities can handle any increased volume. The majority of the kits ordered will be the VScan HIV kits. The ease of use and accuracy especially with whole blood was the reason the Company received the order.
About VScan
The VScan rapid test kit is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kit cannot be sold in Canada.
Medical Services International Inc. trades in the United States on the NQB Pinksheets under the symbol “MSITF”. For further information, please contact Robert Talbot at (780) 430 6363 or media contact Bill Whitehead at (416) 822 5883 or http://www.medicalservicesintl.com or http://www.minerva-biotech.com .
NOTE: Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.
Medical Services International Inc.
CONTACT: Robert Talbot, +1-780-430-6363, or media, Bill Whitehead,+1-416-822-5883, both of Medical Services International Inc.