TAMPA, Fla., Jan. 18, 2005 (PRIMEZONE) -- Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) is pleased to announce that it is nearing completion of preparations and agreements for Stage One manufacturing of its first generation Labguard(TM) medical devices.
EXCELLENT RELATIONSHIP WITH MAJOR PACKAGING PROVIDERS
The evaluation of several pre-approved facilities for packaging the device into its final pre-shipping state recently brought management to the conclusion of its choice. Richard Powell, SWNM Vice President of New Product Development commented, "We were very impressed to partake in this process with such professional organizations and to see the high level of enthusiasm shared by them to be involved with our Labguard(TM) product line. It is not often that a company has the opportunity to be the supplier of packaging for such large volume products; for example the packager for a major soft drink company ... and to see their willingness to reconfigure their facilities to meet our needs was encouraging indeed."
SWNM will under license work with its new packaging supplier to move product through the phases of sterility, insertion of IFU's, to final closure of its medical grade wrapper and packing into its box and case lots for shipping. This process can be an expensive stage for any company to undergo, especially meeting federal guidelines. Following a thorough analysis of medical packaging providers, SWNM is now poised to bring a professional product and package to market within its budget, thus providing the medical community with a leading-edge product that offers many desirable advantages over conventional devices, and at an attractively affordable price to all.
Southwestern Medical Has The Solution - The Company's proprietary Labguard(TM) 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(TM) has 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(TM) system will usher in the second generation of on-site collection and analysis technology. Solutions, Inc.
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.