DiaSys and Finggal Link Co., Ltd. Sign an Exclusive Two-Year Sales and Service Agreement for Japan.Business Editors/Health/Medical Writers WATERBURY Waterbury, industrial city (1990 pop. 108,961), New Haven co., W Conn., on the Naugatuck River; settled 1674, inc. as a city 1853. The city, once famous for its brass industry, is a financial and commercial center of W Connecticut. , Conn.--(BUSINESS WIRE)--March 26, 2003 DiaSys Corporation (AMEX AMEX See: American Stock Exchange :DYX DYX Dyslexia ), a global health-care products company, today announced that it has entered into an exclusive two-year Sales and Service Agreement with Finggal Link Co., Ltd., a subsidiary of Nanbu Nanbu may refer to
Marshall Witzel, DiaSys' 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. said "The expansion of our international distribution network to include Japan is a significant achievement for the new management team of DiaSys. Finggal Link is the ideal partner to implement DiaSys' new aggressive program of expansion and new product development into a previously untapped market." Masaaki Nagoune, President of Finggal Link Co., Ltd and Nanbu Irika Corporation said: "We are glad to act as the exclusive distributor for DiaSys' unique medical laboratory equipment and consumables for Japan." He further said, " Though we are a small firm, we are the new form of Japanese distributor, providing superior service and support and the ability to react swiftly to ever changing market needs." Mr. Nagoune further stated: "We are also excited to work with DiaSys to develop new products that showcase our expertise in data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , imaging, and network interface capabilities." Richard Sledziona, DiaSys' Director of Sales for Pacific Asia said, "We are delighted to welcome Finggal Link to our expanding family of international distributors. Japan currently represents the second largest medical marketplace in the world, and Finggal Link fits our ideal distributor profile perfectly. We are presently working together to register our products for sale in Japan and expect to commence active sales promotion in April, 2003. About Finggal Link: Finggal Link is the fully-owned subsidiary on Nanbu Irika. Nanbu Irika operates in the Northeast district of Japan as a comprehensive healthcare distributor with an annual turnover of US$49 million. Finggal Link distributes carefully selected, superior products on a nation wide basis, and also develops image analysis and network systems for hospital networks. About DiaSys: DiaSys Corporation designs, develops, manufacturers and distributes proprietary medical laboratory equipment, consumables and test kits to healthcare laboratories worldwide. Headquartered in Waterbury, CT, 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 and in Pacific Asia through its strategic business partner based in Guangzhou, China. "DiaSys" "Parasep" and "Urisep" are registered trademarks of DiaSys Corporation. The foregoing press release includes "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. Such 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. |
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