VANCOUVER, B.C., April 4, 2003 (PRIMEZONE) -- Michael Jacobs, Chairman of Pyng Technologies Corp. (TSX Venture Exchange:PYT) (OTCBB:PYNGF) ("Pyng"), reports that subsidiary Pyng Medical Corp. had record sales for the second quarter ended March 31st 2003.
Sales for the quarter were $388,804 which represents almost a 100 percent increase over the same period last year of $196,000. Invoiced sales for the first 6 months of this fiscal period in 2003 were $636,181 which is $42,000 more then was invoiced in the entire 12 month period of fiscal 2002.
The sales for this fiscal quarter follow the record quarter sales of $247,377 ending in December of 2002. Continued sales booked into the third quarter combined with robust exposure through magazine, and newspaper articles which have appear recently in the Wallstreet Journal, Vancouver Sun, Vancouver Province, Ottawa Citizen, and television exposure CTV News, CBS, and others yet to be released including CBC and Wallstreet Transcript will help Pyng Medical Corp. gain further exposure for the F.A.S.T. 1 System in emergency medicine.
Pyng Medical is very pleased to announce that Pyng Medical has engaged Ms. Rohini Hira as a Marketing Management Consultant.
Rohini has extensive experience in senior management and leadership in marketing and new business development in the healthcare sector for the US, European and Canadian markets. Her experience encompasses both large corporations (Merrel Dow, Merck Frosst, & Baxter) and also high-growth start-ups. Her focus is on channel development and management, marketing strategy development and implementation and business development for the F.A.S.T. 1. Ms. Hira will work closely with Pyng executive and marketing advisors with a focus on ramp up of civilian sales.
For information, please visit our website at www.pyng.com or call 604-303-7964 or 1-800-349-7964 or fax 604-303-7987.
On behalf of the Board,
Michael W. Jacobs, President, Pyng Technologies Corp.
The Toronto Venture Exchange has neither reviewed nor approved of the contents of this news release. Safe Harbor Statement: This release may contain certain forward-looking statements including without limitation, projections, assumptions, expectations, product development objectives, commercial introduction, and potential advantages of the F.A.S.T.1 System. Actual events or results may differ from the Company's expectations as a result of risk factors discussed in Pyng Technologies Corp. reports on the file with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's report on Form 20F for the year ended September 30, 2002.