Lifestream Technologies signs agreement to enable launch of revolutionary healthcare-related technology.SANDPOINT, Idaho--(BUSINESS WIRE)--April 8, 1996--Lifestream Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LFST) announced Monday Monday: see week. that they have signed a strategic distribution agreement with Interactive Health Evaluation Systems Inc. (IHES IHES Institut des Hautes Études Scientifiques (Institute of Advanced Research in Mathematics and Theoretical Physics in France) IHES International House Eastern Spain (Barcelona, Spain) ) of Dallas. IHES has developed a novel technology (patents pending) which will permit information from Lifestream's patented CHOLESTRON(tm) cholesterol/HDL test unit to be downloaded onto an Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the uplink (1) Transmitting from an earth station to a satellite. Contrast with downlink. (2) A port on a network device that is used to connect to another network device rather than a client or server. See MDI port. . This interface with the Internet will supply physicians with immediate and meaningful data on-site relative to the patient being tested. In association with the agreement, Lifestream Technologies acquired a 20% equity stake in IHES. Further details outlining the merging of the two technologies will be released to the public upon the conclusion of all patent filings, expected by mid- mid- pref. Middle: midbrain. 1996. Christopher Maus, president of Lifestream, stated, "The health organization and pharmaceutical companies which have carefully reviewed this technology have all indicated major interest, and believe that the marriage of these two technologies could dramatically accelerate the change now occurring within the healthcare industry." President of IHES, Craig Coad, added: "Currently, the inability of physicians to provide immediate and meaningful feedback to their patients directly relates to the lack of on-site cholesterol and HDL (Hardware Description Language) A language used to describe the functions of an electronic circuit for documentation, simulation or logic synthesis (or all three). Although many proprietary HDLs have been developed, Verilog and VHDL are the major standards. testing. This missing link has limited the physician in the active promotion of preventative healthcare. Lifestream's on-site application of their unique technology coupled with our innovative and timely technology is just the solution." Lifestream Technologies Inc. was formed to develop, manufacture and market a line of health diagnostic instruments to domestic and international markets. The company is engaged in the development of its professional and consumer product line -- initially the CHOLESTRON(tm) on-site blood cholesterol and HDL measuring device, which provides for low cost, rapid, on-site testing not previously available to the healthcare community. This basic technology will also be expanded to multiple applications. CONTACT: Lifestream Technologies Inc. Christopher Maus, 208/263-5433 or Continental Capital & Equity Corp. Juan Ferreira, 407/875-1110 www.insidewallstreet.com |
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