Printer Friendly

Healthbridge, Inc. Announces Entering Into Letter of Intent for Acquisition of European Patented Systems for Disinfecting and Sterilizing Infectious Waste Material.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--July 10, 2001

Healthbridge, Inc. (the "Company") (OTCBB:HLBR) announced today that it has entered into a Letter of Intent with the German firms of B.I.M.E. Gesellschaft fuer and Hutter Wimbock Umwelttechnik GmbH for the acquisition of all of the intellectual property, the corresponding patents and know-how relating to the German patented systems "Valides" and "Medides" for the disinfecting and sterilizing of infectious waste material.

The Letter of Intent provides for the issuance of shares of the Company of a value of $800,000 U.S. and a cash payment of $200,000 U.S. The acquisition is subject to the execution of a definitive formal agreement and the satisfactory due diligence by the Company of the "Valides" and "Medides" systems.

This press release contains forward-looking statements regarding Healthbridge, Inc. and its future sales related activities. Actual results could differ materially from those described or implied in this press release as a result of a number of factors. These include, but are not limited to, the future growth of these markets, any adverse actions by the Company's partners, competitive products, other economic factors affecting the Company's markets, the degree of acceptance that new products achieve, and seasonal changes.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 10, 2001
Words:208
Previous Article:Scott-Levin Announces States Take Aim at Direct-to-Consumer Drug Ads.
Next Article:Blue Cross of California Announces Restructured Physician Quality Initiatives.


Related Articles
Healthbridge, Inc. Announces Financial Statements.
Waste Systems International, Inc. Licenses Medical Waste Technology.
Infection Control Across the Board.
Healthbridge Announces Significant Business Developments.
Healthbridge Announces First Sale of 'Valides' Waste Sterilization and Disposal System.
Healthbridge Announces Appointment of New Director.
Osler and the infected letter.
Medical trash is company's treasure: Bioservices Group Inc. has revamped an old technology to create a safe, effective and efficient hazardous waste...
Healthbridge to Acquire Providence Exploration.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters