TAMPA, Fla., Dec. 7, 2004 (PRIMEZONE) -- Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) is pleased to announce that, in an accelerated program to be carried out jointly by Southwestern Medical Solutions, Inc. and Glacier Medical LLC, the patented technology that is the basis of the Protect-A-Pal medical safety device will be adapted to fulfill critical needs in a variety of unique and urgent applications in the healthcare field.
Patented safety devices that address a range of needle or 'sharps' sticks/accidents risks in the medical/healthcare field will include those for syringes, intravenous needles and hypodermic needles. Concurrent with the development, outsourcing, and commercialization of the safer, patented, Protect-A-Pal(tm) needle-safety device, Southwestern Medical Solutions Inc. will also be planning marketing strategies and a media campaign, as well as building a marketing force and preparing for ultimate product launch.
Protect-A-Pal
In light of the alarming prevalence of accidental needle-stick injuries to workers (primarily doctors and nurses) in the Healthcare industry -- and the high health risks that such needle-stick accidents pose -- the Protect-A-Pal(tm) has been received with open arms by the healthcare community in pre-clinical trials. Lauded by users for its simplicity, ease-of-use, and high safety factor, the new system is unique in that it can be adapted for use on a variety of needle systems, including syringes, intravenous needles and hypodermic needles.
Southwestern Medical Has The Solution -- The Company's proprietary Labguard on-site collection and diagnostic testing technology represents a revolutionary approach that ensures greater safety and convenience for diagnostic testing administrators at an attractive, market-competitive price. Currently in the final prototype stage, Labguard has already attracted expressions of strong interest from several major medical-device distribution companies, both in the U.S. and abroad. Management believes that the launch of Southwestern Medical Solutions' promising Labguard system will usher in the second generation of on-site collection and analysis technology. Longer term, the Company intends to develop and/or acquire other proprietary medical devices and technology that represent significant advancement in their respective fields, and to also continue developing strategic distribution alliances that will enhance its presence in the medical technology fields worldwide.
The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the he company disclaims any obligation to update information contained in any forward- looking statement.