DECN's Pharma Tech Subsidiary Places Significant Order for 50,000 Units of Genstrip 50 for Immediate Delivery to Select U.S. ...
June 03 2014 - 9:20AM
Marketwired
DECN's Pharma Tech Subsidiary Places Significant Order for 50,000
Units of Genstrip 50 for Immediate Delivery to Select U.S. and
International Distributors
Genstrip 50 Now Being Manufactured Under Pharma Tech's Rigorous
Quality Plan
LOS ANGELES, CA--(Marketwired - Jun 3, 2014) - Decision
Diagnostics Corp. (OTCQB: DECN), the manufacturer, quality plan
administrator and the exclusive worldwide sales, service and
regulatory processes agent for the popular GenStrip™ 50, the unique
Green Glucose Test Strip, specifically designed to work with the
Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of
glucose testing meters, today announced that it awaits the pending
delivery of 50,000 fifty-count boxes of its Genstrip 50 order. This
represents the first order to be manufactured and fulfilled under
the governance of the company's new comprehensive quality plan.
Additional orders will be processed and shipped as additional
volume becomes available.
Keith Berman, Principal Executive Officer of Decision
Diagnostics, commented, "Since acquiring the Genstrip intellectual
property our focus has been the achievement of an initial
manufacturing run, it's thorough testing and its packaging within
our redesigned box while under the guidance of our new and
comprehensive Quality Plan and System. Last week our
Pennsylvania contract manufacturer completed the quality testing of
that first manufacturing run of approximately 50,000 fifty-count
boxes. Each of those newly manufactured Genstrip boxes adheres to
the rigorous standards stipulated in our Procedure Manual and
Quality Program. These Strips will shortly begin to fill the
growing demand pipeline created by our domestic customers,
international distributors and on-line direct patient
purchasers.
Robert Jagunich, Chairman of Decision Diagnostics, commented,
"The very good news that we would like to share is that few
Genstrip customers opted to return or exchange the earlier product
version. We strongly believe that this suggests continued
product acceptance and patient confidence. We also believe that it
portends significant domestic growth and, also, rapid international
expansion."
Mr. Berman concluded, "In the coming days we will be issuing an
update detailing the plans and the successes of Mark Krakauer, who
is spearheading our initiatives in the private label and value
added channels. Additional information will also be circulated
regarding our International growth; a highlighted area of company
focus and concentration. International sales of diabetes supplies
are fast outpacing domestic growth by almost 2:1 and have, as a
result, consumed a significant increase in the company's attention
and resources."
Forward-Looking Statements:
This release contains forward-looking statements about our
business or financial condition that reflect our assumptions and
beliefs based on information currently available. We can give no
assurance that the expectations indicated by such forward-looking
statements will be realized. There may be other risks and
circumstances that we are unable to predict. When used in this
release, words such as "believes," "expects," "forecasts,"
"intends," "projects," "plans," "anticipates," "estimates," "will"
and similar expressions are intended to identify forward-looking
statements, although there may be certain statements not
accompanied by such expressions.
For further information about the Pharma Tech GenStrip, please
visit the company's Web Sites: http://www.decisiondiagnostics.com
or http://www.pharmatechdirect.com.
GenStrip™ test strips are a product of Pharma Tech Solutions,
Inc., and are not manufactured, distributed, endorsed, or approved
by nor associated with LifeScan, Inc. a Johnson & Johnson
company, manufacturers and distributors of the OneTouch Ultra
family of meters and OneTouch Ultra test strips.
Contact:
Decision Diagnostics Corp. Keith Berman (805) 446-2973
info@decisiondiagnostics.com
Decision Diagnostics (CE) (USOTC:DECN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Decision Diagnostics (CE) (USOTC:DECN)
Historical Stock Chart
From Nov 2023 to Nov 2024