FRISCO, Texas, April 24 /PRNewswire/ -- Today OxySure(TM) Systems, Inc. announced that it has entered into a lease agreement with Sinacola Commercial Properties Ltd. for 16,200 square feet of space in the City of Frisco. The Company also obtained an incentive package totaling $567,000 from Sinacola and the Frisco Economic Development Corporation (“FEDC”) for investment in infrastructure and related improvements to its new Frisco facility. Pending the completion of the build-out of the facility by early summer of 2007, the Company plans to utilize the building as its new corporate headquarters and to consolidate its manufacturing assembly operations. The building, which is known as the Frisco Center Building is conveniently located along the North Dallas Tollway and in the path of the explosive northward growth of Frisco. OxySure(TM) was represented by Studley, Inc. in the transaction.
(Photo: http://www.newscom.com/cgi-bin/prnh/20051215/OXYSURELOGO )
Mike Simpson, Mayor of the City of Frisco stated: “The City of Frisco is very excited to have OxySure(TM) locate their new headquarters in our city. When we began to expand our North Texas Enterprise Center for Medical Technology (NTEC), our goal was to help entrepreneurial companies stay in our city as they developed their products and expanded their company. OxySure(TM) has some outstanding products that will make significant impacts in the medical field and we are proud to have such a dynamic company expanding in Frisco.”
Jim Gandy, President of Frisco Economic Development Corporation stated: “We are delighted a tri-party deal was reached to facilitate the expansion of OxySure(TM) Systems’ corporate headquarters and operations in Frisco. As a graduate company of Frisco’s North Texas Enterprise Center for Medical Technology (NTEC), it is particularly satisfying to see the continued success and growth of a home-grown Frisco company. We are most appreciative of the support and efforts of Sinacola Commercial that were instrumental in closing this deal.”
“OxySure(TM) is very pleased to be able to plant its roots in a supportive and progressive city like Frisco,” said Julian Ross, Chairman & CEO of OxySure(TM) Systems, Inc. “The building we will occupy is brand new, and will allow us to combine our headquarters with a state-of-the-art manufacturing and R&D facility. We are grateful to Mayor Simpson, the FEDC and its Board and the Frisco City Council for their continued support as we grow and expand our operations.”
About OxySure(TM)
OxySure(TM) Systems, Inc. is a Frisco, Texas-based medical technology company focused on the design, manufacture and distribution of specialty medical and respiratory products. The company has developed a third generation catalytic process and methodology to generate medically pure (USP) oxygen from proprietary inert powders. The company owns numerous patents pending on this technology which makes the provision of medical oxygen safer, lighter and less expensive than traditional oxygen provision systems. OxySure’s easy to use products improve access to emergency oxygen that affects the survival, recovery and safety of individuals in several multi-billion dollar markets involving both established and expansion customer markets: (1) Individuals at risk for cardiac, respiratory or general medical distress needing immediate help prior to emergency medical care arrival; and (2) those requiring immediate protection and escape from exposure situations or oxygen-deficient situations in industrial, mining, military, or other public settings. http://www.OxySure.com
About Frisco Economic Development Corporation
The Frisco Economic Development Corporation (FEDC), a not-for-profit, tax exempt Texas Corporation, was established in 1991 by the Frisco City Council. Governed by a highly regarded five-member board of directors appointed by the City Council, the FEDC is the business development agency for the City of Frisco. The FEDC’s primary mission is to promote and encourage development through the attraction and formation of new businesses that provide quality employment opportunities for the citizens of Frisco and expand the tax base of the City.
The FEDC is known for its progressive and unique initiatives, rapid responsiveness, progressive business incentives, and quality services provided to its clients. The FEDC’s many recognized successes has generated thousands of new jobs in Frisco and facilitated an expansion of the tax base by over $1B annually for the last 5 years.
The FEDC offices are located at 6801 Gaylord Parkway, Suite 200. For more information visit the FEDC web site at http://www.FriscoEDC.com .
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051215/OXYSURELOGOAP Archive: http://photoarchive.ap.orgPRN Photo Desk, photodesk@prnewswire.comOxySure Systems, Inc.
CONTACT: Jon Staples of OxySure Systems, Inc., +1-214-618-7923, orjstaples@oxysure.com ; or James L. Gandy, CEcD, and President of FriscoEconomic Development Corporation, +1-972-668-5550
Web site: http://www.oxysure.com/
