Longport, Inc. Signs Distribution Agreement with Maximum Medical Inc.; Distributor Initially Purchases 6 Demonstration Scanners
June 07 2005 - 7:30AM
Business Wire
Longport, Inc. (OTC BB: LPTI), a medical technology specialist in
high resolution ultrasound imaging, today announced that it has
signed a distribution agreement with Maximum Medical Inc, of
Savanna, GA. Maximum Medical is an established medical marketing,
sales, and service company specializing in wound care that has a
sales force of more than 35 sales representatives operating from
their offices in Orlando, FL, Savanna, GA, Dallas, TX, and Houston,
TX. (See www.maxmed-usa.com) Initially, Maximum Medical has placed
an order for six demonstration EPISCAN systems and are expected to
require an additional two demonstration units in the third quarter
of 2005 as they roll out their EPISCAN sales and marketing program.
Maximum Medical will be launching this program at the Wound Ostomy
and Continence Nurses Society (WOCN) 37th Annual Conference in Las
Vegas, between June 12th and 16th. This congress is expected to
attract some 4,000 delegates. Longport staff will be supporting
Maximum Medical at the WOCN Conference. John Calabrese, Director of
Sales and Marketing with Longport, said, "We believe this will be a
very profitable relationship for both companies, and one that gives
Longport greater market penetration. Maximum Medical is an
established supplier of medical devices to clinics, hospitals, and
nursing homes, and we will benefit from their existing
relationships as well as the strength of the sales team in
developing new business." Greg Stewart, National Director of Sales
and Operations with Maximum Medical, said, "We believe the addition
of Longport's EPISCAN I-200 to our current product line truly makes
us a total wound care and prevention company that promotes better
patient care to our customer base. Welcome to the future of wound
care!" About Longport, Inc. Longport, Inc. of Glen Mills,
Pennsylvania, is a medical technology company that specializes in
high resolution ultrasound imaging. After several years and a
multi-million dollar investment in the technology, Longport has
secured patents, copyrights, and FDA permission to market. The
Company's technology has been used to engineer a unique high
resolution ultrasound imaging system. For further information
please contact Longport, Inc. at 1-800-289-6863 or visit our
website at www.longportinc.com. Forward-looking Information and the
Private Securities Litigation Reform Act of 1995 Certain statements
in this press release, including statements concerning product
development milestones and anticipated events, are "forward-looking
statements" within the Private Litigation Reform Act of 1995.
Forward Looking Statements are based on the opinions and estimates
of management at the time the statements are made and are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those anticipated in the forward-looking
statements. The words "believe," "expect," "intend," "anticipate,"
variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that
the statement is not forward-looking. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict.
Factors that could affect Longport's actual results include, among
others, uncertainties as to the Company's ability to manage
potential problems, delays or anticipated expenses, including
problems, delays or expenses involving manufacturing. Readers are
cautioned not to place undue reliance upon these forward-looking
statements that speak only to the date of this release. Reference
is made to Longport's 2004 annual report on Form 10-K filed with
the Securities and Exchange Commission for a more definitive
description of such factors. Longport, Inc. undertakes no
obligation to update publicly any forward-looking statements to
reflect new information, events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events.
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