DiaSys Corporation Announces $2.7 Million Award in Venezuela
for the Company's Parasitology Products
WATERBURY, Conn.--(BUSINESS WIRE)--Dec. 5, 2005--
DiaSys Corporation (AMEX:DYX) a global healthcare products company,
announced today that the Venezuelan Social Security Administration awarded its
distributor, Repreclin Lab, $2.7 million over the next three years to purchase
DiaSys' fully integrated parasitology workstations and consumable products.
Repreclin Lab, which was founded in 1988, also represents Instrumentation Laboratory
and Beckman Coulter.
"The award is the largest in the history of the Company. It validates
DiaSys' new sales strategy in Latin America. The Company's development of the
fully integrated parasitolgy system was completed in the first calendar quarter
of this year and has now begun to show meaningful results. It is the only
system of it's kind and is without competition. We look forward to the
continued roll out of the product line throughout Latin America this year as we
position for sales initiatives into rest of the world markets," said
Gregory Witchel, Chief Executive Officer.
Jose Puig, Sales Manager Latin America stated, "We are excited about
the opportunity in Venezuela for the DiaSys product line and our future
opportunities for sales in the country. Sales of the new fully integrated
parasitolgy workstations and consumables will be extended throughout the Latin
American territory during 2006."
DiaSys Corporation designs, develops, manufactures and distributes
proprietary medical laboratory equipment, consumables and infectious disease
test-kits to healthcare & veterinary laboratories worldwide. Headquartered
in Waterbury, Connecticut USA, the Company operates in Europe through its
wholly owned subsidiary based in Wokingham, England and in Pacific Asia through
its strategic business partner located in Guangzhou, China. DiaSys, Parasep and
Urisep are registered trademarks of DiaSys Corporation. DiaSys Corporation
designs, develops, manufactures and distributes proprietary medical laboratory
equipment, consumables and infectious disease test-kits to healthcare &
veterinary laboratories worldwide. Headquartered in Waterbury, Connecticut USA,
the Company operates in Europe through its wholly owned subsidiary based in
Wokingham, England and in Pacific Asia through its strategic business partner
located in Guangzhou, China. DiaSys, Parasep and Urisep are registered
trademarks of DiaSys Corporation.
This press release contains forward-looking statements within the meaning
of, and made pursuant to, the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company or events, or timing of
events, relating to the Company to materially differ from those expressed or
implied by such forward looking statements. DiaSys refers interested parties to
its most recent Annual Report on Form 10-KSB and other SEC filings for a complete
description of, and discussions about, the Company.
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