Thursday June 11, 9:47 am Eastern Time
Company Press Release
SWISSRAY Awarded Contract From the Department of Veterans Affairs
NEW YORK--(BUSINESS WIRE)--JUNE 11, 1998--SWISSRAY INTERNATIONAL, INC. (NASDAQ: SRMI - news)
today announced that on May 22, 1998, one of its wholly owned subsidiaries, Swissray Medical Systems, was awarded a
contract from the Department of Veterans Affairs estimated at $400,000 for the base year for its Diagnostic x-ray systems, the
AddOn-Multi-System, with the VA reserving its option to extend the term of the contract up to March 31, 2001. The
AddOn-Multi- System is the first ever FDA approved multifunctional direct digital radiography (ddR) system to be offered
worldwide. It delivers plane x-ray examinations on the recumbent, seated and upright patient in a direct digital way. This system
produces superior image quality, improved efficiency, productivity, and overall cost reduction. The AddOn-Multi-System is
today's benchmark for direct digital radiography.
Ueli Laupper, Vice President of Swissray International, Inc., stated, ''We are very pleased to have received the official award
from the Department of Veterans Affairs. The VA healthcare system includes 171 medical centers and 362 outpatient,
community and outreach clinics throughout the United States. With more than 80,000 medical center beds, the VA treats nearly
a million patients a year, and registers nearly 23 million visits to VA's outpatient clinics for the same period, which represents an
enormous customer potential. With the official contract award, we now can actively pursue sales to the VA hospitals, many of
which have already expressed an interest in our AddOn-Multi- System.''
As an innovative developer and manufacturer of X-ray technology and systems, Swissray International, Inc. is a pioneer of
direct digital radiography (ddR) technology, Swissray is, with its unique product line, the leader in direct digital X-ray systems.
For more information about the Company and its AddOn-Multi-System(TM) visit the Swissray web site at
swissray.com.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other
factors not under the Company's control which may cause actual results, performance achievements of the Company to be
materially different from the results, performance or expectations implied by these forward-looking statements. These factors
include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.
L.G. Zangani, LLC provides financial public relations services to the Company. As such L.G. Zangani, LLC and/or its officers,
agents and employees, receives various forms of remuneration.
Contact:
UELI LAUPPER,
Vice President International Sales & Marketing
(212) 545-0095
or
LEONARDO G. ZANGANI, Investor Relations
(908) 788-9660
JEANNE FERRARI, Investor Relations
(908) 788-9660 |
