SALT LAKE CITY--(BUSINESS WIRE)--June 5, 2006--Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB), a leading innovative producer of ultrasound devices for the ophthalmic and medical industries, today announced it has entered into exclusive discussions with a leading Chinese medical engineering and research firm aimed at developing Paradigm’s next generation of ultrasound products for the medical industry. Terms were not disclosed.
