| |
Hot off the wire....
I would think that with Mercana out of the picture, NHMC will be able to negotiate a more beneficial agreement than any through Mercana. Any one with other thoughts on this?
======================================================================
WINNIPEG, Manitoba--(BUSINESS WIRE)--Jan. 16, 1997--National
Healthcare (VSE NHM, NASDAQ NHMCF) National Healthcare
Manufacturing Corp. (NHMC) wishes to announce that it has retained
the services of a consulting firm to assist the Company in obtaining
ISO 9001 Certification for its medical device division which
currently manufactures kits and trays for medical and surgical
procedures.
Already having received GMP approval, this certification will
facilitate the immediate introduction of these products into the
European Market. National Care Products (NCP) - a wholly owned
subsidiary of NHMC - enjoys the benefits of ISO 9000 Certification as
it is currently shipping its personal care products to Europe.
Further to the press release of October 22, 1996, the Company has
discontinued discussions with Mercana Industries of Richmond Hill,
Ontario as a result of Mercana's inability to re-negotiate its
exclusive contract with its Japanese suppliers. However, NHMC is
actively pursuing discussions with the Japanese manufacturer and
their representative to purchase the rights of the state of the art
protective textiles which are used to manufacture reusable surgical
gowns and drapes. All new developments will be announced as they
occur.
As a part of NHMC's initial agreement, NHMC advanced $225,000 to
Mercana which was fully secured by Mercana. NHMC has made a demand
for payment of this amount within 7 days which expires Friday,
January 17, 1997.
NHMC owns and operates the world's first and only automated
robotic production facility capable of assembling and packaging
various kits and trays for medical and surgical procedures. Use of
this proprietary technology enables NHMC to produce these medical
devices efficiently, cost effectively, quickly and accurately thus
providing an edge over its competition who currently use manual
labour. NHMC also through its wholly owned subsidiary NCP,
manufactures and distributes NCP personal care products to healthcare
institutions in North America and Europe.
For additional information and/or a copy of the Company's
Investor Communications Package, please contact Alex P. Tsakumis,
Manager, Investor Relations at 1-800-883-8841. On Behalf of the
Board
Neither Nasdaq nor the Vancouver Stock Exchange approve or
disapprove the information of this release.
CONTACT: National Healthcare Manufacturing Corporation
Alex P. Tsakumis, 800/883-8841 |
|
