VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Zecotek Medical Systems Inc. (TSX VENTURE:ZMS)(FRANKFURT:W1I) today announced that Zecotek Laser Systems Pte. Ltd. has closed on the previously announced letter of intent to acquire product and intellectual property assets from Inversion Fiber Co. Ltd. (Inversion) and Tekhnoscan JS Company (Tekhnoscan). Under the terms of the Agreements, Zecotek Laser Systems has acquired exclusive rights to a complementary portfolio of laser products, additional production capability and a proven team of world-class engineers. Inversion and Tekhnoscan each receive a minority five percent share of Zecotek Laser Systems. Zecotek Laser Systems also receives ongoing revenues generated from the sale of current and future products in development, as well as future revenue generated by existing or future intellectual property which may be created under the joint venture. All other fixed assets and liabilities remain under current Russian ownership.
