Medical Services Sells Part Interest in Resort
20 Septembre 2006 - 2:00PM
PR Newswire (US)
EDMONTON, Alberta, Sept. 20 /PRNewswire-FirstCall/ -- Medical
Services International Inc. (OTC:MSITF) is pleased to announce that
it has agreed to sell a 25% interest in its Resort in Anguilla BWI
for an all cash transaction with seasoned real estate investors of
$2,250,000 US. Closing of the sale is expected to occur in October,
2006. The funds received will be used for short and long term
commitments related to the marketing of the VScan product line. It
is felt that this will allow the Company to expand and implement
its marketing plans related to the VScan products in Europe on a
more aggressive timeline. The Company anticipates that the expanded
marketing program will result in additional sales and profits from
the VScan product line. The Company continues to increase its
distribution network for the VScan products as well as apply for
regulatory approvals in additional countries as it becomes apparent
that there is a demand for the VScan products. About VScan The
VScan rapid test kit is a single use, disposable, accurate, cost
effective, easy to use, test for the screening of HIV 1&2,
Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile,
Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in
Canada. Medical Services International Inc. trades in the United
States on the NQB Pinksheets under the symbol "MSITF." For further
information, please contact Robert Talbot at (780) 430 6363 or
http://www.medicalservicesintl.com/ or
http://www.minerva-biotech.com/ . NOTE: Certain statements in this
press release are "forward-looking statements" within the meaning
of the Private Securities Act of 1995. Such statements involve
known and unknown risks, uncertainties and other factors that may
cause results to differ materially. Such risks, uncertainties and
other factors include but are not limited to new economic
conditions, risk in product development, market acceptance of new
products and continuing product demand, level of competition and
other factors described in Company reports and other filings with
regulatory bodies. DATASOURCE: Medical Services International Inc.
CONTACT: Robert Talbot of Medical Services International Inc.,
+1-780-430-6363 Web site: http://www.medicalservicesintl.com/
http://www.minerva-biotech.com/
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