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DiaSys Enters Costa Rican Market Through Distribution Agreement with Largest Clinical Diagnostics Distributor in the Country; Company Enters Additional Market in Latin America.


WATERBURY, Conn. -- DiaSys Corporation (AMEX AMEX

See: American Stock Exchange
:DYX DYX Dyslexia ) a global diagnostics products company, announced today that it has entered into a distribution agreement with Tecnodiagnsostica, the largest distributor of clinical diagnostic products in Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. . Founded in 1985, Tecnodiagnostica is the exclusive distributor in the country for Beckmann Coulter Inc., Olympus, bioMerieux, Meridian Diagnostics Inc. and other leading providers of diagnostics products. Costa Rica represents the second key market in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  that DiaSys has entered in the past week. Previously, the Company announced that it had entered Latin America through a distribution agreement with Repreclin S.A.

"Costa Rica represents an important opportunity for us," said Jose Puig, DiaSys Corporation's Sales Manager for Latin America. "We believe based on the significant infrastructure already in place through Tecnodiagnostica that we can rapidly increase sales of our products. The market for parasite and urine testing is particularly well suited for our products. Based upon the success that the company has achieved representing other leading providers of diagnostics products, we feel that the combination of our innovative product lines and their distribution will enable us to rapidly penetrate the market."

Tecnodiagnostica has close to 700 diagnostic instruments installed in the country. The Costa Rica Social Security agency performs over one million parasite tests annually, and close to three million urine tests per year.

DiaSys Corporation designs, develops, manufactures and distributes proprietary medical laboratory equipment, consumables and infectious disease Infectious disease

A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions.
 test kits to healthcare and veterinary laboratories worldwide. Headquartered in Waterbury, Connecticut, the Company operates in Europe 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.
 based in Wokingham, England. DiaSys, Parasep and Urisep are registered trademarks of DiaSys Corporation.

This press release contains forward-looking statements within the meaning of, and made pursuant to, the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of 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  of 1995. The forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or events, or timing of events, relating to the Company to materially differ from those expressed or implied by such forward looking statements. DiaSys refers interested parties to its most recent Annual Report on form 10-KSB and other SEC filings for a complete description of, and discussions about, the company.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 11, 2004
Words:372
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