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Microcap & Penny Stocks : EQUIDYNE CORP: IJX (AMEX) -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (172)	11/20/2001 12:05:06 PM
From: Skywatcher	Respond to of 179

Equidyne to Distribute INJEX Through 250 Stop & Shop Pharmacies SAN DIEGO, Calif.--(BW HealthWire)--Oct. 11, 2001--EQUIDYNE CORPORATION (AMEX:IJX - news) announced today that the company has finalized an agreement with Royal Ahold NV and its subsidiary, the Stop & Shop Supermarket Company, to distribute and co-market the INJEX(TM) Needle-Free Drug Delivery System developed and manufactured by Equidyne, through approximately 250 Stop & Shop stores located throughout five states. Stop & Shop is the largest food retailer in New England, employing more than 60,000 associates and operating more than 319 stores throughout Connecticut, Massachusetts, New York, New Jersey and Rhode Island. Its parent company, Royal Ahold NV, based in the Netherlands, is one of the largest food retailers in the world with supermarket companies in the United States, Europe, Latin America and Asia and annual sales of US$35 billion. ``This agreement represents a major step toward expanding our retail distribution of INJEX(TM) in the U.S. diabetes market,'' said Dr. James Gavin, Chairman of Equidyne. ``Stop & Shop has superior brand-name recognition and is backed by one of the world's largest food retailers. We are pleased to add a company of this stature to our team of retail marketing partners.'' Under the agreement, Super Stop & Shop locations with retail pharmacies will stock the INJEX(TM) product line in their stores. The stores also will participate in a program to promote INJEX(TM) during National Diabetes Month. The stores will host approximately 20 Diabetes Awareness Programs on Saturdays in October and November in stores located in Massachusetts, Connecticut and Rhode Island. ``By making the INJEX(TM) Needle-Free Delivery System available at Stop & Shop Pharmacies, we will be providing our diabetes customers, who may be uncomfortable with needle injections of insulin, the opportunity to try this clinically proven product,'' stated Andy Olem, R.Ph., Diabetes Care Coordinator at Stop & Shop. As part of Stop & Shop's continuing efforts to support people with diabetes, in-store programs such as diabetes food and pharmacy tours, diabetes alert day screenings and diabetes care days are offered regularly to educate people with diabetes on managing and controlling their disease. CC