TAMPA, Fla., Dec. 1, 2004 (PRIMEZONE) -- Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) is pleased to report that as part of its partnership and co-development agreement with Glacier Medical LLC, it now owns the exclusive right to market and/or distribute the Protect-A-Pal(tm) globally.
Given the critical need for an economic, convenient and effective needle-safety device throughout the global healthcare system, the management of Southwestern Medical Solutions, Inc. is extremely optimistic that the Protect-A-Pal(tm) has the potential, when ultimately brought to market, to make rapid and extensive inroads into the billion-dollar needle (and needle-safety!) industry.
Laws Enacted to Protect Healthcare Workers
Laws now require safety needle devices be available to all healthcare workers - Through the help of state laws and OSHA requirements, healthcare facilities are now mandated to offer choices to the caregiver for safe needle systems. Although millions of safety needles of one type or another are used every day, they all entail a much higher cost than traditional syringe/needle configurations, thus discouraging their use in many settings. Through pre-clinical blind study evaluations, the Company's Protect-A-Pal(tm) safety needle system was chosen every time over other systems for the following reasons: A) It's the easiest to use; B) It provides the greatest level of protection; C) It's the most affordable; D) It works with any traditional syringe/needle configuration available today.
Having completed successful prototype testing, minor modifications to the Protect-A-Pal(tm) safety device are being carried out to adapt the technology to several unique applications in the healthcare field.
Southwestern Medical Has The Solution - The Company's proprietary Labguard system for on-site collection & 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. Numerous applications of the Labguard system to address specific market needs, such as non-invasive HIV testing, are currently in the design, prototype and/or testing stages. As well, the Company is advancing the Protect-A-Pal(tm) needle-safety device toward final prototype in preparation for mass production.
FOR FURTHER INFORMATION: Please Contact: Richard Powell Southwestern Medical Solutions, Inc. Phone: 1-877-576-0936 E-Mail: SWML@ureach.com Corporate Address: 13014 N. Dale Mabry, Tampa, FL. 33618 Website: www.swmsinc.com
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 company. The company disclaims any obligation to update information contained in any forward- looking statement.