Envirosafe, Inc. Partners With Medi-Quip International, S.A. and Greenway Corp. S.A. to Form Latin American Manufacturing and Distribution Company.Business/Health Editors REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BW HealthWire)--June 6, 2001 Envirosafe, Inc. (Nasdaq:EVSA-news) has partnered with two Panamanian Companies, Medi-Quip International, S.A. and Greenway Corporation S.A. to form the holding company Envirosafe 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. for the purposes of manufacturing, commercializing and distributing the Envirosafe Product Line. Medi-Quip is a long established business in Panama that markets medical equipment to hospitals, clinics and doctors offices. Jose Calderon, the president of Medi-Quip has been in the medical supplies business for over 30 years. The company has a sales network in 22 countries with sales in 2000 in excess of $5M. Medi-Quip has been testing Envirosafe Products for nearly three years and recently received government approval to manufacture and distribute Envirosafe's Medi-Kwik. This product, an anti-bacterial liquid, is used in the treatment of burns, cuts and abrasions. Additional testing is currently underway in Panama by Dr. Crespo at a number of hospitals for use with burn patients. Kwik-Kill a cold sterilant sterilant a sterilizing agent, i.e. an agent that destroys microorganisms. , produced by Envirosafe is in the final testing and government approval stages in Panama. The significance of the government approvals in Panama is that Panama and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. have a reciprocal trade agreement reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs. that will dramatically shorten the lengthy FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval process for sale of both Medi-Kwik and Kwik-Kill in the U.S. The cold sterilant market in the United States is estimated to be in excess of one billion dollars annually. "The synergy of our companies combined with the established distribution network of Medi-Equip will facilitate long awaited large scale manufacturing and distribution of our products," said Bruce Doran, founder and 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 Envirosafe, Inc. Envirosafe and its partners will hold equal shares of the new holding company and will fund the project in part with a private placement of Envirosafe Stock. Jose Calderon who is president of the new holding company estimates that $5-10M in sales can be achieved in the first two years of business. Envirosafe, Inc. is a leading producer of environmentally safe cleaning products, bio-remediation, animal and medical care products. Envirosafe products are available for commercial, industrial and home use. For more information, visit their web site at http://www.envirosafe2000.com or call 800-227-9744 or via e-mail to info@envirosafe2000.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events and the future performance of Envirosafe, Inc. that involve risks and uncertainties that could cause actual results to differ materially. |
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