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To: LANCE B who wrote (101696)3/8/2002 9:04:15 AM
From: Tom Allinder  Read Replies (1) | Respond to of 150070
 
Part 2 of the interview is "juicier" than Part 1... and...
Message 17169035

Tom



To: LANCE B who wrote (101696)3/8/2002 10:45:01 AM
From: LANCE B  Read Replies (1) | Respond to of 150070
 
NURO- STARTING TO GET SOME MONEY FROM A 52 MILLION DOLLAR
CONTRACT...


NEUROTECH DEVELOPMENT CORP - Receives 2nd Payment On USD $52,000,000 Contract
New York, New York, Mar 08, 2002 (Market News Publishing via COMTEX) -- On Feb 25, 2002, Neurotech Development Corporation received the second payment of USD $1,100,000 according to the schedule set on the Rende Convalescent Hospital and senior citizen community.

The work on the 3000 bed facility is proceeding as scheduled according to Lawrence Artz, Vice President of Neurotech. This community features senior residences for the aged who require only social activities and close by medical assistance, plus assisted living for those who are primarily ambulatory and need minor assistance, skilled nursing for those who need continuous care, all of which are centered around the primary care geriatric hospital which provides healthcare, rehabilitation, counseling, preventive medicine and continuity of care in familiar surroundings for the elderly.

Neurotech Development Corporation is an international engineering, developer and builder of rapid deployment hospitals, medical clinics and health care facilities in developing countries with a focus on Asia.

Safe Harbor Language

Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements expressed or implied by such forward looking statements to differ. Such factors include but are not limited to changing economic conditions, final cost analysis, failure of the customer to obtain continued financing required by the project, geological tests, political risks, and commercial risks, rules and rule changes with respect to senior residence facilities, polling of assets, and issuance of commercial hospital licenses.

For further information you may contact Neurotech Development Corporation: Lawrence Artz, (516) 671-2400.

CONTACT: TEL: 516/671-2400 Lawrence Artz, Neurotech Development Corp.

MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.

(C) 2002 Market News Publishing Inc.

News provided by
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Additional Headlines

03/08 05:35 Market News Network
NEUROTECH DEVELOPMENT CORP - Receives 2nd Payment On USD $52,000,000 Contract
03/04 07:01 Business Wire