ALARIS Medical Announces Exclusive North American Distribution Agreement with VENETEC International.SAN DIEGO--(BUSINESS WIRE)--June 22, 1998-- Catheter Securement Devices Complement Company's SmartSite Needlefree Products ALARIS Medical Inc. (Nasdaq:ALRS ALRS Admiralty List of Radio Signals ALRS Alerting Service (aviation) ALRS Apache Leap Research Site ALRS Alternate Launch & Recovery Surface ALRS Automated Logistics Retrieval System ALRS Automatic Line Router Switch ) Monday announced that its ALARIS Medical Systems Inc. subsidiary has entered into a distribution agreement with VENETEC International to distribute VENETEC's StatLock catheter securement devices in the United States and Canada on an exclusive basis. This agreement follows a September 1997 agreement with VENETEC to distribute StatLock devices in key health care markets outside North America, including European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community countries, Australia and the Middle East. VENETEC's products, all sold under the StatLock brand name, are used for catheter securement, replacing the need for taping or suturing of the intravenous (IV) line or catheter to the patient. The securement systems are used with various catheters, including peripheral IV catheters, peripherally inserted central catheters (PICC PICC Peripherally-inserted central catheter Critical care An IV catheter inserted in the superior vena cava for long-term infusion of bolus or continuous delivery of therapeutics or TPN–drugs, fluids, nutrients, chemotherapy. Cf Catheter. ), central venous catheters (CVC See CSC. ), midline mid·line n. A medial line, especially the medial line or plane of the body. midline, n the line equidistant from bilateral features of the head. , arterial, epidural epidural /epi·du·ral/ (-dur´il) situated upon or outside the dura mater. ep·i·du·ral adj. Located on or over the dura mater. n. and Foley catheters. ALARIS Medical will offer a full range of StatLock products in both adult and pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. versions for use with these catheters. ALARIS Medical President and Chief Executive Officer William J. Mercer said: "Our vision is to grow the business through a combination of internal R&D, in-licensing agreements, and strategic acquisitions and alliances. VENETEC benefits from our well-established intravenous therapy customer base and sales and marketing infrastructure, and ALARIS Medical Systems adds a complementary product line to its medical device portfolio." "Like our SmartSite system, StatLock devices are easy to use, cost effective and most importantly, provide additional IV site protection for both the patient and the caregiver. We believe StatLock devices can reduce costly and common vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing complications," said Robert S. White, corporate vice president, Business Development. "We're pleased to extend our partnership with ALARIS Medical to the U.S.," said Dr. Steven Bierman, founder of VENETEC and inventor of StatLock. "This agreement gives VENETEC greater market penetration, and the ALARIS Medical global sales force is a dynamic addition to our StatLock team's sales efforts." Founded in 1995, VENETEC International is the manufacturer of StatLock Securement Devices. Bierman invented StatLock after a real-life emergency room crisis involving IV dislodgment. The company currently has over two dozen domestic and international patents covering a vast array of catheter securement devices. The company produced over one million dollars in sales in 1997. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , VENETEC International is based in Mission Viejo, Calif. ALARIS Medical, through its operating company operating company A business that engages in transactions with outsiders. , ALARIS Medical Systems Inc., is known for its IMED IMED International Medical Education Directory and IVAC IVAC Islington Voluntary Action Council (England, UK) IVAC Insert Valid Access Card (satellite TV hacking) IVAC International Video & Audio Convention IVAC Idle Air Control Valve brand names of intravenous infusion therapy systems. The company's principal line of business is the design, manufacture and marketing of intravenous infusion therapy products, periodic patient monitoring instruments and related disposables. ALARIS Medical's products are distributed to more than 120 countries worldwide. In addition to its San Diego world headquarters and manufacturing facility, the company also operates manufacturing facilities in Creedmoor, N.C.; Basingstoke, Hampshire, U.K.; and Tijuana, Mexico. Additional information on ALARIS Medical can be found at www.alarismed.com. This news release contains forward-looking statements which are based largely upon the company's expectations for demand and acceptance of new and existing products, technologies and opportunities, regulatory approvals and market and industry segment growth. Actual results could vary materially from these expected results due to a variety of factors, including, without limitation, changes in the market, competition, government regulation and foreign operations. Such risk factors are detailed in the Securities and Exchange Commission filings of ALARIS Medical including Form 10-K for the year ended Dec. 31, 1997, and the Registration Statement on Form S-4, as amended, of ALARIS Medical Systems, IVAC Overseas Holdings Inc. and IMED International Trading Corp., dated Sept. 9, 1997.
CONTACT: ALARIS Medical Inc., San Diego
Barbara Burkett, 619/458-7038
or
The Financial Relations Board, 310/442-0599
Stacy Roughan, general info,
Moira Conlon, investors,
Lisa Baker, analysts,
Michaelle Burstin, media
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