Wake up and smell the roses.....
Pyng Medical increases network to 12 U.S. distributors
2006-05-01 09:45 ET - News Release
Mr. Kevin O'Neill reports
PYNG MEDICAL ANNOUNCES DRAMATIC INCREASE IN USA DISTRIBUTORS
Pyng Medical Corp. has dramatically expanded its North American distribution network to capture sales opportunities resulting from recent emergency cardiac care guideline changes. These guideline changes were released in November, 2005, by the International Liaison Committee on Resuscitation (ILCOR). This committee is a worldwide medical consortium that focuses on best practices for cardiac and stroke care. Before the November guideline changes, adult intraosseous intervention, including the FAST1, was implemented based on local practice and had no international sanction or approval. Now, with the guideline changes, the FAST1 has been recognized as a Class IIa intervention device, which practically assures that adult intraosseous intervention, including the FAST1, will become a standard of care in cardiac arrest ... the leading killer in the developed world.
Pyng previously had three distributors in the United States with approximately a total of 65 sales professionals. With an aggressive reorganization of the Pyng's distribution model, it now has 12 U.S. distributors having in excess of 140 sales professionals. Two of these U.S. distributors are owned by two of the leading distributors into the hospital market. With the guideline changes previously mentioned, adult intraosseous access will also become a major intervention in hospital emergency departments and Pyng is poised to enter that market with the addition of these new distributors.
Dr. Richard Clinchy, Pyng's director of business development, commented: "Pyng Medical now has all the major emergency medical services distributors in the USA as partners selling the FAST1. This huge increase in our sales force coupled with planned marketing initiatives will significantly increase our sales results."
Among these planned initiatives is the first, Pyng Medical's newsletter targeted at better communicating news regarding Pyng Medical to investors, partners and clients. Interested parties may subscribe here at the company's website.
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