Medical Services Receives Regulatory Approval in Saudi Arabia
November 15 2006 - 11:47AM
PR Newswire (US)
EDMONTON, Alberta, Nov. 15 /PRNewswire-FirstCall/ -- Medical
Services International Inc. (OTC:MSITF) is pleased to announce that
it has received regulatory permission to sell its VScan HIV test
kit in Saudi Arabia. Testing completed by regulatory agencies shows
that once again the VScan test kit exceeded 99% accuracy in terms
of sensitivity and specificity. The Company is currently
negotiating several large orders with distributors in the Middle
East. Market studies and information obtained from regulatory
agencies shows that the market in the Middle East will exceed
1,000,000 test kits per year. In regard to Europe, the VScan HIV
test kit is currently approved by regulatory agencies in Russia,
Ukraine, Balkans and India. The Company through its distributor has
applied for approval in the European Union (CE). Once approval in
the European Union is obtained, the Company will have extensive
coverage all over Europe, Asia and the Middle East. VScan test kits
are currently being shipped into 17 countries in the above noted
areas. With the anticipated CE approval that number will increase
significantly. Worldwide, the Company is currently shipping into 29
countries. Within the next year, the Company expects to increase
the number of countries it is shipping VScan test kits to greater
than 60. About VScan The VScan rapid test kit is a single use,
disposable, accurate, cost effective, easy to use, test for the
screening of HIV1&2, Hepatitis B&C, Tuberculosis (TB),
Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The
kits cannot be sold in Canada. Medical Services International Inc.
trades in the United States on the NQB Pinksheets under the symbol
"MSITF." For further information, please contact Robert Talbot at
(780) 430 6363 or http://www.medicalservicesintl.com/ or
http://www.minerva-biotech.com/ . NOTE: Certain statements in this
press release are "forward-looking statements" within the meaning
of the Private Securities Act of 1995. Such statements involve
known and unknown risks, uncertainties and other factors that may
cause results to differ materially. Such risks, uncertainties and
other factors include but are not limited to new economic
conditions, risk in product development, market acceptance of new
products and continuing product demand, level of competition and
other factors described in Company reports and other filings with
regulatory bodies. DATASOURCE: Medical Services International Inc.
CONTACT: Robert Talbot of Medical Services International Inc.,
+1-780-430-6363 Web site: http://www.medicalservicesintl.com/
http://www.minerva-biotech.com/
Copyright