NORTH BAY VILLAGE, Fla.--(BUSINESS WIRE)--June 22, 2006--Gary Macleod, Chief Executive Officer, of NIMS announced that “Non-Invasive Monitoring Systems, Inc. recently entered into an agreement with General Medica de Imagenes CxA (GEMEDICA)” with an official address at Calle 8 #5 El Cacique, Santo Domingo, Dominican Republic to distribute NIMS’s (OTCBB:NIMU - News) patent protected AT-101 Motion Platform and future home version of the AT-101 throughout the Dominican Republic.
Macleod stated: “Gemedica has a substantial and highly effective marketing and sales presence in the medical device distribution sector in the Dominican Republic and Latin America.” Gemedica is a full line distributor of General Electric Medical Systems (Imaging equipment), GE-Marquette (Monitors and Cardiac products), Medrad (Injectors), Given Imaging, Radiometer (Blood gas analyzers), Cook (Catheters) and NONIN Medical (Spo2 monitors).
Mr. Macleod stated that, “This agreement reflects our Strategy to license our proprietary products to the global marketplace and we look forward to building a long-term working relationship with Gemedica.”
Dr. Marvin Sackner, Chairman of NIMS, further stated that the AT-101 is a unique example of devices now being used in Vibratory Medicine. In contrast, with other devices currently being marketed, the subject on the AT-101, lies comfortably on a mattress and receives passive muscular vibration.
Non-Invasive Monitoring Systems, Inc.'s (the “Company” or “NIMS”) primary business is the research, development, manufacturing and marketing of a non-invasive, whole body, periodic acceleration, therapeutic vibrator, which has been designated as the AT-101. In addition, the Company has developed computer assisted, non-invasive diagnostic monitoring devices and related software designed to detect abnormal respiratory, cardiac, and other medical conditions from sensors placed externally on the body’s surface. These diagnostic devices have been sold to SensorMedics Division of ViaSys (NYSE) for cash and royalties on sales and to privately held VivoMetrics in Ventura CA for royalties on sales and an equity position.
General Medica de Imagenes CxA (GEMEDICA) with an official address at Calle 8 #5 El Cacique, Santo Domingo, Dominican Rep., is a company founded in 1991 to serve the medical profession in the Dominican Rep., Haiti and Caribbean Islands with interest in equipment for imaging, and service to hospitals and clinics.
With offices in Santo Domingo, D.R. and Miami, U.S.A., GEMEDICA is strategically poised within the medical community. Gemedica is well trained at factories of the companies they represent, and the executive and sales force have over 68 years of experience in Latin America with companies like General Electric, E.I. Dupont and others.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company’s filings with the Securities and Exchange Commission.
Contact: Non-Invasive Monitoring Systems, Inc., North Bay Village Gary Macleod, 305/861-0075 gmacleod@nims-us.com
Source: Non-Invasive Monitoring Systems, Inc.
