SALT LAKE CITY--(BUSINESS WIRE)--June 19, 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 signed a definitive agreement with MEDA Co. Ltd. (Tianjin) to jointly engineer and develop Paradigm's next generation of ultrasound and other medical products. MEDA is one of China's leading developers and producers of ultrasound devices.
