Frank,
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Thursday December 16, 7:00 am Eastern Time
Company Press Release
SOURCE: Corgenix Medical Corporation
Corgenix Announces New E-Commerce Subsidiary; health-outfitters.com Will Focus on Consumer Healthcare Products and Services
DENVER, Dec. 16 /PRNewswire/ -- Corgenix Medical Corporation (OTC Bulletin Board: COGX - news) announced today that it has established health-outfitters.com, Inc., a new wholly owned subsidiary which will focus on consumer healthcare products primarily through e-commerce. Located at www.healthoutfitters.com, the website will reflect the Company's commitment to provide a wide range of quality healthcare products to consumers.
Doug Simpson, President of Corgenix said, ``Corgenix has been planning a consumer-oriented business for several years. We are very excited about health-outfitters.com, and the enormous market opportunity this brings to our Company. Consumers today are taking a more active role in making personal healthcare decisions, and this is an attractive market for our Company.'
The total e-commerce market is projected to grow from $50 billion in 1998 to over $3 trillion by 2003, with online healthcare product purchases growing to over $50 billion in the same period. The Company's other subsidiary, Corgenix, Inc. will retain the responsibility for professional products, with health-outfitters.com focusing on the consumer side. The website is projected to go online within the next quarter.
Corgenix Medical Corporation is centrally located in metropolitan Denver, with an international marketing office near Cambridge, England. In addition to the consumer focus of the new health-outfitters.com, Inc. subsidiary, Corgenix develops, manufactures and markets specialized diagnostic test kits for vascular diseases, immunological disorders, bone and joint diseases, commercialized for use in clinical laboratories worldwide.
Statements in this release that are not strictly historical are ``forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995, and should be considered as subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated.
For more information contact Chris Wolfe, investor relations coordinator of Corgenix, at (303) 457-4345 ext. 147, or by e-mail at cwolfe@corgenix.com.
SOURCE: Corgenix Medical Corporation
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