NIMS Signs Mexican Distributor and Obtains Mexican Approval for Exer-Rest
06 10월 2010 - 10:00PM
Business Wire
Non-Invasive Monitoring Systems, Inc. [NIMS](OTCBB:NIMU)
announced today that the Mexican Ministry of Health has approved
the registration of NIMS’ Exer-Rest® acceleration therapeutic
platform as a Class I medical device, and that NIMS appointed
Medica Avante as its exclusive Mexican Exer-Rest distributor.
The distribution agreement requires Medica Avante to purchase a
minimum number of Exer-Rest units, which are expected to be sold to
Mexican hospitals, physical therapy facilities, pain centers,
senior living communities and individuals. Medica Avante has
already placed an initial order.
“Over the past several months, Medica Avante had healthcare
professionals evaluate our technology of Whole Body Periodic
Acceleration (WBPA) therapy for chronic neurological disorders and
they were quite satisfied with patient outcomes,” stated Dr. Marvin
A. Sackner, CEO of NIMS. “We are pleased to have Medica Avante
market the Exer-Rest in Mexico.”
“We are very excited to represent NIMS’ latest technology,” said
Roberto Prego-Novo, President of Medica Avante. “With its excellent
scientific support and the need for a drug-free device to aid
cardiovascular health and reduce pain in both active and sedentary
adults, the Exer-Rest has the potential to be a successful
product.”
WBPA therapy produced by NIMS’ Exer-Rest has been demonstrated
to naturally increase the body’s release of beneficial mediators
like Nitric Oxide. The Exer-Rest is an FDA listed medical device
intended as an aid to temporarily increase local
circulation, to provide temporary relief of minor aches and
pains, to reduce morning stiffness and to provide local muscle
relaxation.
Exer-Rest is cleared to market in the USA, Canada, UK, EU and
Mexico.
This press release contains "forward-looking statements," as
that term is defined under the Private Securities Litigation Reform
Act of 1995 (PSLRA). Many factors could cause our actual activities
or results to differ materially from the activities and results
anticipated in forward-looking statements. These factors include
those described in our filings with the Securities and Exchange
Commission, as well as risks and uncertainties associated with,
among other things, the uncertainty of the success, if any, of the
Distribution Agreement between NIMS and Medica Avante, market
acceptance of the Exer-Rest in Mexico, future financial results,
government approval processes, technological changes, and other
uncertainties. We intend that all forward-looking statements be
subject to the safe-harbor provisions of the PSLRA.
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