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

Business Editors


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.
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Publication:Business Wire
Date:Jul 10, 2001
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