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SOMANETICS SIGNS AGREEMENTS WITH MEDICAL SPECIALTY DISTRIBUTORS IN EUROPE AND CANADA

 SOMANETICS SIGNS AGREEMENTS WITH MEDICAL SPECIALTY DISTRIBUTORS
 IN EUROPE AND CANADA
 TROY, Mich., April 29 /PRNewswire/ -- David P. Weaver, vice president of sales and marketing for Somanetics Corporation (NASDAQ: SMTS) announced the signing of two distributors in Europe and one in Canada to market the Somanetics INVOS(R) 3100 Cerebral Oximeter and the related disposable SomaSensor(TM). The Cerebral Oximeter and SomaSensor monitor, directly, continuously and noninvasively, oxygen saturation of the blood in portions of an adult's brain during various medical procedures. The Cerebral Oximeter is intended for use in a hospital's operating room, intensive care unit, emergency room and recovery room. The distributors, who signed exclusive agreements which also cover other products that may be developed or licensed by the company, are specialty dealers of anesthesiology and cardiovascular products.
 TEKMED Instruments, S.P.A. in Milan, Italy, was established in 1989 and has annual sales of approximately $8 million. TEKMED, which will represent Somanetics throughout Italy, has 12 direct sales representatives and an additional coverage of 38 sales people through agents and subdistributors.
 Klinerva bv, located in 's-Graveland, the Netherlands, was established in 1988 and has two direct sales representatives, and will cover the Netherlands.
 Trudell Medical in London, Ontario, was established in 1922 and has approximate annual sales of $35 million. Its 35 sales representatives will represent the entire nation of Canada for Somanetics.
 Somanetics Common Shares are publicly traded on NASDAQ under the symbol SMTS. Its Units trade under the symbol SMTSU and Class A and Class B Warrants trade under the symbols SMTSW and SMTSZ, respectively.
 -0- 4/29/92
 /CONTACT: Mary Ann Robb of Somanetics Corporation, 313-689-3996/
 (SMTS) CO: Somanetics Corporation ST: Michigan IN: MTC SU:


JG -- DE020 -- 4395 04/29/92 12:43 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
Words:290
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