More news today through Canada StockWatch.
Footmaxx preferred supplier of Hanger/NovaCare and King of Prussia
Footmaxx Holdings Inc FTMX
Shares issued 34,766,224 Oct 5 close $0.35
Wed 6 Oct 99 News Release
Mr. John Fowler reports
Footmaxx Holdings Inc., a Canadian-owned company and Canada's leading
supplier of corrective foot orthotics, has signed a preferred supplier
agreement with Hanger/NovaCare of Bethesda, Md., and King of Prussia, Pa.,
that calls for Footmaxx to be a preferred supplier of computerized gait and
pressure analysis technology, computerized gait analysis reports and
orthotic products. This agreement is effective immediately.
Hanger/NovaCare operates the world's largest organization of orthotic and
prosthetic facilities. They currently own and/or operate 632 orthotic and
prosthetic facilities. These facilities fabricate custom prosthetic limbs
and devices, as well as custom orthoses. Physicians and medical
practitioners of all specialties and disciplines refer patients to
Hanger/NovaCare.
Currently 50 U.S. Hanger/NovaCare facilities have evaluated and used
Footmaxx systems and orthotics products. This new agreement, naming
Footmaxx as a preferred supplier for Hanger, will facilitate new
opportunities for Footmaxx's technology and products throughout the Hanger
network.
Footmaxx continues to enjoy great success and has now installed over 1,000
systems in the United States and Canada. This successful agreement to
partner with Hanger/NovaCare to supply Hanger/NovaCare facilities confirms
Footmaxx as the frontrunner in orthotic therapy, and is expected to grow
Footmaxx's orthotic business in the important U.S. market.
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