MedX Health Corp. Enters India - One of the World's Largest and Fastest Growing Medical Device Markets
20 Maggio 2012 - 9:08AM
PR Newswire (Canada)
Distribution Partner HealthX Lasers Launching Clinics Across India
MISSISSAUGA, ON, May 23, 2012 /CNW/ - MedX Health Corp., (TSXV.MDX)
with worldwide revenues in drug free, non-invasive low level laser
light therapy and light imaging systems, announced that their
distribution partner in India, HealthX Lasers
(www.healthxlasers.com), is working with hospitals, physicians,
clinics, therapists, and rehab facilities to establish HealthX
Laser clinics offering MedX lasers to treat a wide range of medical
conditions including smoking cessation and pain management. HealthX
Lasers recently received funding to fully commercialize their
clinic model as well as offer franchise opportunities to
entrepreneurs across India. The full line of MedX Health laser and
light devices for both rehab and sports medicine are now available
in India. "We are pleased to be working closely with Mr. Sandeep
Joshi, President of HealthX Laser as he establishes his clinic and
franchising model across India," said Steve Guillen, President
& CEO, and "with the announcement earlier in the year that the
Chinese FDA has approved our products we expect India and China to
provide dramatic international revenue growth in the future." About
the Medical Device Market in India Espicom Business Intelligence
Ltd., says India's medical device market is exploding! India
combines many opportunities and many challenges for the medical
device industry. India's medical device market is currently the
fourth largest market in Asia and is worth about $3 billion. With a
projected growth 15% over the next five years, one cannot ignore
India's potential and vast market opportunity. India has a huge
population in excess of one billion people and a growing middle
class with access to high quality healthcare. The Indian market for
medical equipment and supplies ranks among the world's top 20 but,
despite strong growth rates, the market remains disproportionately
small with per capita spending of US$2. High quality, high tech
products are sought after, particularly in the private sector
hospitals and medical centers. About MedX Health Corp. MedX is a
twelve (12) year old Canadian company, headquartered in
Mississauga, Ontario (Toronto), and is a global leader in the
design, manufacturing and distribution of quality low level laser
and light therapy technologies for use in numerous medical
settings, including rehab/chiropractic, dental, wound care, and
veterinary medicine, providing patients with drug free and
non-invasive treatment of tissue damage and pain. MedX laser and
light products are FDA approved, Health Canada cleared, and CE Mark
approved for use in North America as well as the European
Union. Recently, MedX acquired MoleMate for the early
diagnosis of skin cancer, and is expanding existing worldwide sales
in the UK and Australia, through the launch of this technology in
the US and Canada. www.simsys-molemate.com For a complete
profile of MedX Health Corp. and its products visit
www.medxhealth.com. This press release does not constitute an offer
of any securities for sale. This press release contains
certain forward-looking statements within the meaning of applicable
Canadian securities legislation. These forward-looking
statements involve certain risks and uncertainties that could cause
actual results to differ, including, without limitation, the
company's limited operating history and history of losses, the
inability to successfully obtain further funding, the inability to
raise capital on terms acceptable to the company, the inability to
compete effectively in the marketplace, the inability to complete
the proposed acquisition and such other risks that could cause the
actual results to differ materially from those contained in the
company's projections or forward-looking statements. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release. MedX Health Corp.
CONTACT: Investors:Steve GuillenPresident and Chief Executive
OfficerMedX Health Corp. investor@medxhealth.comPhone: (905)
670-4428
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