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MEDICAL POLYMERS SIGNS SAUDI ARABIAN DISTRIBUTION AGREEMENT; ANNOUNCES EPA FILING

 AUSTIN, Texas, Oct. 18 /PRNewswire/ -- Medical Polymers Technologies (Vancouver: MPS.V) today announced the signing of its second distribution agreement, representing the company's first overseas relationship. The agreement was reached with Al Hikma Medical Supplies & Services, Co. of Jeddah, Saudi Arabia, a leading distributor of medical products in the Kingdom of Saudi Arabia and the Gulf Rgion.
 Al Hikma will initially distribute the company's PDS Clean(TM) with anticipated first-year sales exceeding $250,000. The agreement also includes provisions allowing Al Hikma to market other products of Medical Polymers, including PDS Steril(TM). The sales of PDS Steril in the Gulf Region do not require U.S. regulatory approval and therefore could result in the company's first sales of this product during the current fiscal year.
 "This relationship is our first overseas agreement. We feel confident in our ability to continue expanding the market for our products internationally. Al Hikma's strong presence in the medical community of Saudi Arabia brings an important strategic alliance to Medical Polymers," stated Lee Cooke, chairman and president of Medical Polymers.
 Also, Medical Polymers announced that it has taken the next step to bringing PDS Steril to market in the United States. The company has filed a submission with the Environmental Protection Agency (EPA) to market its PDS Steril in the U.S. as a disinfectant. Action by the EPA is anticipated by fall 1994.
 Medical Polymers Technologies, Inc. is an emerging growth firm which has developed a new proprietary delivery system called Polymer-based Delivery System(TM) (PDS(TM)).
 Its patent pending Polymer-based Delivery System can transport many different types of water-soluble and water-dispersible molecules and offers potential application to a variety of markets including: pharmaceutical, dental, hospital, clinical supply, veterinary and health and beauty aids. The company recently introduced its first product line, PDS Clean, an oil-free formulation for cleaning and lubricating dental handpieces.
 -0- 10/18/93
 /NOTE TO EDITORS: This security may not be blue-skyed in your state. It is recommended you check with your state's securities commissioner./
 /CONTACT: Mark D. Buckner, CFO of Medical Polymers Technologies, 512-795-0440; or Gale Strenger, 708-564-5610, Mark Perlgut, 212-580-4141, or Earle Brown, 813-796-1452, all of The Investor Relations Company, for Medical Polymers/
 (MPS.)


CO: Medical Polymers Technologies ST: Texas IN: MTC SU:

KR -- DE018 -- 3360 10/18/93 11:41 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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