Meridian Enters into a $6,000,000 Sales Contract for New Lipo-Laser Product.VANCOUVER, British Columbia -- Meridian Co., Ltd. ("Meridian") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MRDAF), is very pleased to announce it has entered into an exclusive distributorship agreement with a Korean medical equipment distributor, HealthTech Valley Co., Ltd. ("HealthTech") for its new product, the Lipo-Laser on June 30, 2005. HealthTech has exclusive marketing and distributorship rights for the Lipo-Laser in Korea and has agreed to purchase US$6,000,000 of this product from Meridian as well as prepay US$500,000 within 45 days after signing the agreement. HealthTech has launched a massive advertising campaign through three major national daily newspapers in Korea. HealthTech plans to extend its full-page advertisement to all national daily papers in July 2005. Lipo-Laser is a modified version of the Lapex-2000 which recently received US 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. The Lipo-Laser was developed specifically to target the growing obesity market. The product uses a multi-beam probe which irradiates a powerful red laser (635 - 680nm) on adipose adipose /ad·i·pose/ (ad´i-pos) 1. fatty. 2. the fat present in the cells of adipose tissue. ad·i·pose adj. Of, relating to, or composed of animal fat; fatty. (fat cell) tissue using a completely non-invasive method. According to articles from American Society of Plastic Surgeons The American Society of Plastic Surgeons (ASPS) is the largest plastic surgery specialty organization in the world. Founded in 1931, the society is composed of surgeons certified by the American Board of Plastic Surgery or or by the Royal College of Physicians and Surgeons of , when low level red laser irradiates adipose tissues, the fat cell contents can be liquefied and released from the cell membranes. In practice, plastic surgeons are using red laser irradiation during liposuction Liposuction Definition Liposuction, also known as lipoplasty or suction-assisted lipectomy, is cosmetic surgery performed to remove unwanted deposits of fat from under the skin. . This method has earned recognition that it effectively reduces surgery and recovery time, post surgery pain and bruising. The Lipo-Laser's non-invasive treatment is considered one of the most innovative methods to liquefy liquefy /liq·ue·fy/ (lik´wi-fi) to become or cause to become liquid. adipose tissue, and the demand for this type of treatment is expected to grow rapidly, not only in the plastic surgery profession, but in any clinical setting that treats obesity, such as spas and wellness centers. Meridian applied for the patent for the Lipo-Laser probe in June, 2005. Meridian, along with its U.S. subsidiary and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. corporate & distribution office, are extremely enthusiastic about the potential of this product and is looking forward to working with Healthtech. ABOUT MERIDIAN Meridian is an established leader in the research/development, manufacturing, and sales of integrative medical diagnostic equipment. The company sells its products and equipment to a wide array of customers in the global health care industry. The company presently holds a total of 18 worldwide patents on its technology, and has received FDA, as well as other international regulatory approvals for many of its products. Meridian is committed to the ongoing global research and advancement of integrative medical products that contribute to the better health of humanity. Meridian Co., Ltd. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :MRDAF) |
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