BodyTel Enters Into First International Distribution Agreement.JACKSONVILLE, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. -- BodyTel Scientific Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BDYT), a developer of wireless telemedical devices, announces today that it has, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. BodyTel Europe GmbH, entered into an international distribution agreement with FourMed Medical Supplies, a well known distributor of medical supplies in the Middle east. Beginning in the first quarter of 2008, BodyTel's new partner, FourMed Medical Supplies (www.fourmed.com ), intends to begin offering BodyTel's blood glucose monitoring blood glucose monitoring Sugar monitoring Lab medicine The periodic testing of serum glucose in Pts known to have DM. See Bedside glucose monitoring, Beta cell implants, Diabetes, Glucometer, Glycosylated hemoglobin, Non-Invasive glucose monitoring. and diabetes management This article is about the management of diabetes mellitus. For more on the disease itself see diabetes mellitus. Diabetes is a chronic disease with no cure as of 2007. It is associated with an impaired glucose cycle, altering metabolism. system, GlucoTel[TM], as well as the PressureTel[TM] blood pressure device and the WeightTel[TM] weight scale, once available, in eight Arabian countries, with the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. as its core market (the "Territory"). Pursuant to the terms of the distribution agreement BodyTel granted FourMed the right to exclusively market the products of BodyTel in the Territory for a term of one year. FourMed is also responsible for all distribution, compliance and marketing costs relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the sale of the products in the Territory. "FourMed has excellent know-how in the targeted markets, as well as extensive experience in selling diabetes products. We're convinced that our new partner will play a key role for BodyTel in the coverage of the entire Arabian market," said Michael Berrendorf, Sales Director EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. of BodyTel. "FourMed Medical Supplies is extremely happy and proud of the opportunity to introduce BodyTel's products which will help our patients and medical professionals in their quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the better diabetes management. This innovative blood glucose monitoring and diabetes management system will add great value to our region as it has one of the world's highest incident rate of diabetes. With our understanding and long term experience, we want to be the leading provider of BodyTel's telemedical products in the entire Arabian area," said Mutasem Al Titi, 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 FourMed. Stefan Schraps, BodyTel's CEO, agreed, saying, "Our products, together with FourMed's impressive sales capabilities, have the potential to become the standard throughout the entire Middle East. We're delighted with this new partnership." BodyTel's first market-ready product is the GlucoTel[TM] blood glucose blood glucose Diabetology The principal sugar produced by the body from food–especially carbohydrates, but also from proteins and fats; glucose is the body's major source of energy, is transported to cells via the circulation and used by cells in the presence meter. It is part of the GlucoTel[TM] system, a complete telemedical blood glucose monitoring and diabetes management system, supporting patients and doctors in the treatment of diabetes and its corollary diseases. GlucoTel[TM] electronically measures the blood sugar level and then sends it via Bluetooth to the patient's cell phone. After that, the data is automatically transmitted to an online database via internet connection and stored on a long-term basis. To facilitate better diabetes management, the patient and any authorized persons authorized person Lab medicine A person–eg a physician, who orders tests and receives test results on persons for whom payment is sought under Medicare. See CLIA 88. , e.g. healthcare professionals or caregivers, can access the data via internet at any time using a secure login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. . About BodyTel BodyTel is a German-American telehealth company that specializes in telemedical monitoring and management systems for chronic diseases. The company combines its know-how in telecommunications, internet and medical technology/diagnostics to create new products and services for the changing needs of global health. BodyTel products are designed not only to simplify home monitoring by patients, but also to ease the communication of 'measured body values' to healthcare professionals or other caregivers by bridging the gap between the patient and the caregivers instantaneously and in real-time. BodyTel's products - GlucoTel, PressureTel and WeightTel are each at different stages of development and approval processes. BodyTel holds a 50% interest in GlucoTel Scientific Inc. which holds the rights to the GlucoTel[TM] blood glucose meter technology. Further information can be found at www.bodytel.com. Forward Looking Statements Statements in this news release that are not historical are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Forward-looking statements in this news release include: that BodyTel's new partner, FourMed Medical Supplies intends to begin offering BodyTel's products in eight Arabian countries, and that our products, together with FourMed's impressive sales capabilities, have the potential to become the standard throughout the entire Middle East. It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include, but are not limited to those concerning the timing of regulatory approval or commercialization of its products or the achievement of any other clinical, regulatory or product development milestones or other risk factors and matters set forth in the Company's Annual Report on Form 10-KSB for the year ended February 28, 2007 and the Company's periodic reports filed with the SEC. These reports are available on our investor relations Investor relations The process by which the corporation communicates with its investors. website at www.bodytel.com and on the SEC's website at http://www.sec.gov. BodyTel undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events. |
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