Advanced Medical Technologies Enters Into an Agreement to Market Its WaterStar System and Evaluate Manufacturing Opportunities in Israel.Business Editors BOCA RATON, Fla.--(BUSINESS WIRE)--May 29, 2001 Advanced Medical Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADMD (ADministrative Management Domain) A public e-mail service. See X.400. ADMD - Administration Management Domain ) has entered into an agreement with New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based PAZ Paz , Octavio 1914-1998. Mexican writer whose essays, including The Labyrinth of Solitude (1950), and volumes of poetry, such as Sun Stone (1957), often explore the Mexican identity. He won the 1990 Nobel Prize for literature. HealthCare Management ("PAZ") and Integrated Regional and Environmental Planning Corp ("IREP IREP Interactive RadioEpidemiological Program IREP Interim Reliability Evaluation Program IREP Intermediate Repair Enhancement Program "), a Carmel Yosef, Israel based company. The two companies, working together, will form a new jointly owned company focusing on the development, manufacturing, and distribution of ADMD's proprietary WaterStar system in Israel, several other middle east and African countries. PAZ HealthCare Management, headquartered in New York, manages numerous assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities, hotels, and real estate projects throughout New York State. The Company has extensive contacts in the Middle East and Africa. Integrated Regional and Environmental Planning Corp.("IREP") is recognized as a leading environmental planning and consulting company in Israel. The Israeli government has retained IREP to strategize long term solutions to combat the severe water shortages throughout Israel. "As the Israeli population continues to grow, the need for sufficient drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. has become crucial to the future growth and development of the population and industry in Israel and other middle-eastern countries." explained Aharon Zohar, President of Integrated Regional and Environmental Planning Corp. "We strongly believe that ADMD's WaterStar System will have an immediate positive impact the extreme water shortage in Israel and the middle-east." Donald J. Brumlik, President & 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 Advanced Medical Technologies, stated "The arrangement with PAZ Mgmt and IREP enable us to expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex enter both the Israeli and Middle Eastern marketplaces. We anticipate that significant revenues will be generated from this region, because the water supply is extremely limited." Additionally, under the terms of this agreement, a solar powered WaterStar model will be designed and eventually manufactured. This will enable Advanced Medical Technologies to place WaterStar systems in remote areas of the world, where purified water is often needed the most. Full details of this development project will be disclosed at a future time. About Advanced Medical Technologies Inc. (OTCBB:ADMD) Advanced Medical Technologies Inc. is a Nevada corporation engaged in the development, manufacturing and marketing of a scientifically proven technology that condenses sterile drinking water from existing moisture in the atmosphere. Developed over 15 years with a significant investment of in money and man-hours, Advanced Medical Technologies' WaterStar(TM) portable air-to-water conversion system offers a convenient and cost-effective alternative to filtered and bottled water, and addresses current health, environmental and safety issues surrounding chlorinated chlorinated /chlo·ri·nat·ed/ (klor´i-nat?ed) treated or charged with chlorine. chlorinated charged with chlorine. chlorinated acids some, e.g. municipal tap or private well water. Unlike water filtration devices currently available on the market, an embedded computer chip continuously monitors the performance of ultraviolet sterilization treatments and powerful electrostatic and carbon filters to ensure the water quality is always 100% pure. This Press Release, with respect to the financial and operational impact of the projected financial results contains forward-looking statements that involve a number of risks and uncertainties. There are numerous factors that could cause actual results to differ materially from those indicated by such forward-looking statements. |
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