AORTECH ENGAGES NEW DISTRIBUTOR IN GERMANY
AORTECH ENGAGES NEW DISTRIBUTOR IN GERMANY ST. PAUL, Minn., Jan. 10 /PRNewswire/ -- AorTech, Inc.
(NASDAQ: AORT) announced today that it has engaged Munich-based Cardiologic, GmbH. as exclusive German distributor for its line of cardiovascular products. Cardiologic is headed by Frank Groenwegen, a former European sales manager for St. Jude Medical, Inc.
Greg Ruehle, AorTech's president, stated, "We are very pleased to announce our agreement with Cardiologic. While this is not an instant solution to the sales and inventory problems we experienced in Germany earlier this year, it goes a long way toward stabilizing the whole issue." The company also reported that the ramp-up of sales in Latin America and several other countries is occurring at a rate faster than earlier anticipated. AorTech, Inc., manufactures and distributes implantable cardiovascular devices, including the Ultracor prosthetic heart valve and the Arcas/AorTech Annuloplasty Prosthetic Ring. AorTech also distributes cardiovascular electrophysiology monitoring equipment developed by Biomedical Design Group, Inc., of St. Paul. -0- 1/10/92 /CONTACT: Gregory J. Ruehle, president and CEO of AorTech, 612-481-1208 or Tom de Petra of de Petra & Associates, Inc. 612-338-7630, for AorTech/ (AORT) CO: AorTech, Inc. ST: Minnesota IN: MTC SU:
AL -- MN004 -- 8551 01/10/92 10:12 EST
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|Date:||Jan 10, 1992|
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