Eye Dynamics and MedTrak Technologies Agree to an Exclusive Manufacturing and Sales Relationship.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--March 31, 2004 Eye Dynamics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EYDY) announced today an exclusive agreement with its private-label distributor, MedTrak Technologies of Scottsdale, Ariz. Under the terms and conditions of the contract, MedTrak agrees to purchase all of its current and future Video ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. products exclusively from Eye Dynamics. In addition, Eye Dynamics grants MedTrak the exclusive marketing rights for all of its Video ENG products throughout 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. . This agreement enhances the future of both companies and consummates an evolving, profitable relationship that has spanned the last six years. "MedTrak has successfully demonstrated their marketing capabilities, as evidenced by our continual growth in sales and profits," said Charles Phillips Charles Phillips refers to:
"We are excited at finalizing this mutually exclusive Adj. 1. mutually exclusive - unable to be both true at the same time contradictory incompatible - not compatible; "incompatible personalities"; "incompatible colors" agreement with Eye Dynamics. We believe Eye Dynamics makes the finest Video ENG products on the market and we now have an opportunity to merchandise all their medical products exclusively throughout the country. I feel this alliance with Eye Dynamics is a win-win situation for both of our companies," said Mel Shadowens, Ph.D., Principal of MedTrak. About Eye Dynamics, Inc. Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and governmental markets. The company is a leader in the Video ENG medical product market, having invented the Video ENG system and brought it to market in 1994. The company's latest products include the EM/1 for law enforcement applications and SafetyScope (TM), designed for the "fitness-for-duty" screening of workers. SafetyScope(TM) is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement throughout the United States. To find out more about Eye Dynamics, Inc. (OTCBB:EYDY), visit our web site at www.EYEDYNAMICS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . 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. for Forward-Looking Statements This news release includes forward-looking statements that are made pursuant to the "safe harbor" 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. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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