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medical monitors announcement

  1. Sally_Will

    4,483 Posts.

    Anyone have thoughts on some of the points announced late today by MDM?

    MDM signs with USA Investment Group for USA and Europian expansion of ECG AND Blood Pressure Technologies.

    *MDM advises that an MOU has been signed with an established USA Investment Group.

    *MDM has granted exclusive licensing rights for the Americas and the European Union (including the UK)
    An ECG monitoring service will be established in these territories, and will include device promotion and sales.

    *The Directors wish to emphasise that the US venture will not require any future funding from MDM.

    *The company has announced has identified , and is in advanced negotiations with, a highly experienced sales and marketing team in the US that will rapidly advance the monitoring business plan in the second quarter 2004.

    *The us market for ambulatory ECG monitoring services is highly profitable and is estimated to be in excess of USD$150 million per annum.

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