AMS Homecare Acquires TOTALtrak, Inc. Technology Distribution Rights.VANCOUVER, British Columbia -- AMS AMS - Andrew Message System Homecare Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHCKF) announced today that it has acquired exclusive distribution rights to sell TOTALtrak, Inc.'s product line to the healthcare industry in Canada. In addition, AMS will have the first right of refusal to acquire the exclusive distribution rights to sell TOTALtrak's product line to the healthcare industry in the United States. AMS Homecare is a leading national provider of mobility products, durable medical products and patient monitoring technology to the aging North American population. "The distribution rights allows the company to continue to assemble a range of monitoring assets to further enhance and expand our IER Systems Division," states Harj Gill, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMS. TOTALtrak (www.totaltrakusa.com) is a high-tech Asset Management Company headquartered in Tampa, Florida, utilizing state-of-the-art radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) and patent pending multiple range identification (MRID) technologies, global positioning technologies and advanced programming to create TOTAL Asset Management Systems. "Our exclusive multiple range identification systems transmit multiple codes from a single tag which identifies the presence, identity, distance and direction of the tagged asset or individual," states Dwayne Martins, CEO of TOTALtrak. AMS recently announced that it has entered into a binding agreement with Wireless 2000 of Burnaby, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname). Burnaby, British Columbia, Canada, is the city immediately east of Vancouver. (www.wireless2000.com) to acquire the exclusive distribution rights to distribute certain of its patent pending Ultra Wide Band technology products into the healthcare, residential elder care, medical offices and hospital markets in North America. Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . More information is available at (www.amshomecare.com). Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements. AMS Homecare Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AHCKF) |
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