banner

BioMedical Technology Solutions Signs $2 Million Letter of Intent

BioMedical Technology Solutions Holdings, Inc. (OTCBB:BMTL)

BioMedical Technology Solutions Holdings, Inc. (OTCBB:BMTL)

BioMedical Technology Solutions Holdings, Inc. (“BMTS”) (OTCBB:BMTL) is pleased to announce the signing of a Letter of Intent (“LOI”) with a new international distributor, JATA Technology Solutions Ltd., with a targeted performance goal for the sale of 250 to 500 Demolizer® II units throughout the calendar year 2011. At standard pricing, the value of the contract will represent revenues in excess of $2 million for BMTS; more than doubling orders in 2010. The distributor intends for distribution to be focused initially on the largest country in Africa, where insufficient biomedical waste management has reached epic proportions and demand is strong for a solution.

The LOI provides incentives for the distribution firm to increase purchases throughout the year while maintaining guidelines for minimum purchases at specific intervals. Additionally, the agreement sets forth guidelines for 2012 and future years with minimum orders of 500 units as well, securing future revenues for BMTS.

The country of Africa is in the midst of a concerted effort to curtail improper disposal of biomedical waste. Incineration is one of the few options for sharps destruction in Africa with most incinerators poorly maintained and, in many cases, not operational. As a result, biomedical waste is often burned openly causing hazardous conditions or simply dumped leaving people vulnerable to the dangers of untreated sharps waste that can be scavenged, repackaged and reused or spread disease from needlestick injuries. What has been called a “health catastrophe,” the poor practices for sharps waste management leads to the senseless spread of blood-borne diseases including HIV.

The Demolizer® II offers an ideal solution to this ever-growing problem. Sharps are treated and destroyed at the clinic using a safe, non-incineration technology. The treated waste is safe for final disposal or recycling. Through adoption of this important technology, clinics can take responsibility for proper waste treatment and prevent the unnecessary spread of disease.

We are extremely excited about this Letter of Intent as it is the international breakthrough that we have been working towards for our company and shareholders,” stated Don Cox, CEO of BioMedical Technology Solutions. “Our team has been working diligently to secure contracts for 2011 and we believe that this is just the start of a significant market penetration as awareness about the benefits of the Demolizer® II continues to spread both domestically and internationally. With the execution of this LOI, not including new and recurring orders that we are anticipating, BMTS will have the best revenue-generating year in its history and will help us achieve a fair market valuation.

Tom Von Bank, National Sales Director of BMTS, commented,

Proper biomedical waste disposal is a growing concern globally and a focus of African nations to institute change for the safety of their people and environment. This order is large, but still only represents a small portion of our new client’s distribution base. The potential is vast in this multi-billion dollar industry and we will continue to work closely with our new partner to expand distribution throughout Africa and other countries.

About BioMedical Technology Solutions Holdings, Inc.

BioMedical Technology Solutions Holdings, Inc., located in Englewood, Colorado, sells the Demolizer® II through its wholly owned subsidiary BioMedical Technology Solutions, Inc. BMTS’ patented Demolizer® Technology converts infectious biomedical waste into non-infectious material. BMTS’ products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US. For more information, visit www.bmtscorp.com or call 303-653-0100.

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

Tactical Air Defense Services Buying Air 1 Flight Support

Tactical Air Defense Services Buying Air 1 Flight Support(0)

Tactical Air Defense Services, Inc. (Pinksheets: TADF) said Friday morning that it has signed a Letter of Intent to acquire 100 percent of Air 1 Flight Support, Inc. a privately-held provider of aircraft maintenance, refueling and support services headquartered in Denison, Texas, in an all-stock transaction. Tactical Air Defense Services is certified by the U.S.

Electronic Control Security Lands Prime Government Contract

Electronic Control Security Lands Prime Government Contract(0)

Shares of Electronic Control Security, Inc. (OTCBB: EKCS) have soared ahead in Friday morning trading after the company said that it has received a prime contract award from the Department of the Navy, Space and Naval Warfare Systems Center Atlantic (SPAWAR). The Clifton, New Jersey-based provider of integrated entry control and perimeter security systems said

Brightcove Shares Nosedive on Weak 2013 Guidance

Brightcove Shares Nosedive on Weak 2013 Guidance(0)

Coming up on its one-year anniversary of being a public entity, shares of Brightcove, Inc. (NASDAQ: BCOV) printed all-time lows after delivering its fourth-quarter and full 2012 year earnings and a weak outlook for 2013. The provider of cloud-based video streaming services reported total revenue for the fourth quarter of 2012 of $24.3 million, an

Balqon Lithium Battery System Installed in Hybrid Yacht

Balqon Lithium Battery System Installed in Hybrid Yacht(0)

Investors are used to hearing about lithium battery technologies for use in automobiles, but Balqon Corporation (OTCBB: BLQN) is taking them from the street to the water. On Friday, the Harbor City, California-based developer of electric vehicles, drive systems and lithium battery storage systems said that it has delivered and installed its HIQAP high energy

NCAL Bancorp and Grandpoint Capital Terminate Merger Agreement

NCAL Bancorp and Grandpoint Capital Terminate Merger Agreement(0)

NCAL Bancorp (OTCQB: NCAL) and Grandpoint Capital, Inc. said in a joint announcement Tuesday that the two companies have terminated their definitive agreement to merge. Under the agreement, which was entered into in June 2012, Grandpoint was to acquire NCAL Bancorp and its subsidiary National Bank of California. Los Angeles, California-based NCAL and Bank of

read more
banner


Stay Informed

Receive the OTCS Newsletter *




*

* required

Dana-Farber to Host Cellceutix Trials

Cellceutix Corporation (CTIX)
Cellceutix Corporation has filed its Investigational New Drug application with the FDA. Dana-Farber and Beth Israel Deaconess Medical Center will be hosting the clinical trials for Kevetrin, Cellceutix's novel cancer drug. Read more news and get a stock quote.

Diabetes Rate Growing Exponentially

According to the International Diabetes Federation, more than 500 million people will be diagnosed with diabetes in the next two decades, a more than 50 percent increase from today. Technologies are available presently to help manage the frequency, complications and costs associated with diabetes. Read the complete article to learn more.

Contacts and information

Have an opinion or news that you want to share?

Social networks

Most popular categories

Disclaimer/Disclosure
© 2011 Viper Enterprises, LLC. All rights reserved.