Synova Healthcare Enters into Exclusive Distribution Agreement with QuantRx(R) Biomedical Corporation.MEDIA, Pa. -- Synova Healthcare, Inc., a subsidiary of Synova Healthcare Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: SNVH), has entered into an exclusive distribution agreement with QuantRx(R) Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Corporation, a medical technology company with products targeting worldwide health needs. Under the terms of the agreement, Synova has the exclusive right to market for a minimum of five years a novel product for the treatment and relief of hemorrhoids hemorrhoids (hĕm`əroidz) or piles, dilatations of the veins about the anus (external hemorrhoids) or those higher up inside it (internal hemorrhoids). in the United States. According to the National Digestive Diseases Information Clearinghouse The National Digestive Diseases Information Clearinghouse (NDDIC) is an information dissemination service of the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). The NIDDK is part of the National Institutes of Health, which is under the U.S. (NDDIC NDDIC National Digestive Diseases Information Clearinghouse ), half the U.S. population will experience hemorrhoids by the age of 50. Currently, there are more than 12.5 million people suffering from hemorrhoids, with an OTC market estimated at $300 million in the US. "For women, hemorrhoids are particularly prevalent during the third trimester of pregnancy," said Stephen E. King, Chairman 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 Synova Healthcare Group. "This partnership with QuantRx(R) represents a key strategic initiative for Synova, as we expect the introduction of this unique hemorrhoid hemorrhoid or pile Mass formed by distension of the network of veins supplying the anal canal. It may develop from infection or increased abdominal pressure (as in pregnancy or heavy lifting). Mild hemorrhoids may require only ointments, laxatives, and baths. product to further Synova's efforts to continually bring innovative products to market aimed at addressing the healthcare needs for every stage of a woman's reproductive life." About Synova Healthcare Group, Inc. Synova Healthcare Group, Inc., through its subsidiaries Synova Healthcare, Inc. and Synova Pre-Natal Healthcare, Inc., is focused on the development, distribution, marketing and sale of non-invasive medical diagnostic tests that allow consumers and healthcare professionals to rapidly and accurately diagnose and monitor the onset of certain medical conditions. The Company's efforts are currently concentrated in the women's healthcare sector. Its goal is to supplant traditional, more invasive, and costly diagnostic testing techniques, such as blood or serum assays, by offering rapid, non-invasive test alternatives. The Company's products afford consumers discreet use from home, and allow clinicians to offer streamlined healthcare services by providing rapid and accurate test results from within their offices. For further information, please visit the company's website at www.synovahealthcare.com. About QuantRx(R) Biomedical Corporation QuantRx(R) Biomedical Corporation is a medical technology company with products targeting worldwide health needs. QuantRx(R) Biomedical Corporation has developed a broad spectrum of intellectual property targeted to its three proprietary business lines: the patented inSync(R) miniform Interlabial PAD (ILP ILP Inductive Logic Programming ILP Instruction-Level Parallelism ILP Individual Learning Plan ILP Independent Labour Party ILP Independent Living Program ILP Institut Latihan Perindustrian (Malaysia) ), Rapid--Sense(R) technology, and the PADKit(R) Sample Collection System. According to QuantRx, the company also holds significant positions in FluorPharma, a molecular imaging company and GUSA GUSA Glasgow University Sports Association (UK) GUSA Georgetown University Student Association , a Microarray Detection for DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. technology. This Press Release may contain certain forward-looking statements within the meaning 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. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Such risk factors are discussed in the Company's Registration Statement on Form SB-2 (File No. 333-123498), as amended, as declared effective by the Securities and Exchange Commission on May 22, 2006, as well as in other periodic reports and filings with the Commission. There can be no assurance that such factors will not affect the accuracy of such forward-looking statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information set forth in this Press Release including such forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy; nor will there be any sale of securities of Synova Healthcare Group, Inc. in any state where such offer, solicitation or sale would be unlawful before registration or qualification under the securities laws of those states. |
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