HealthMed Services, Ltd. Signs Letter of Intent for Development and Marketing of New Silicone Adhesive Healthcare Product
July 21 2011 - 8:30AM
Marketwired
HealthMed Services, Ltd. (PINKSHEETS: HEME) is pleased to announce
that it has signed a Letter of Intent with Tabue Technology, LP, to
form a joint venture to further the product development and
marketing of a new line of compression, medical contouring and
wound care products utilizing a silicone adhesive construct for
personal healthcare and medical applications.
"This product appears to be markedly superior to the adhesive
bandages and other dressings currently being sold," said Henry J.
Smith, President of HealthMed Services. "In fact, I tested the
product on myself before I decided to join this joint venture. In
addition to being manufactured as an adhesive bandage, the fabric
can be used as a temporary support bandage for the wrist, elbow and
knee. It will also find numerous uses for immobilizing medical
products such as catheters," added Dr. Smith.
Tabue Technology, LP, is continuing to develop this adhesive
fabric for various cosmetic and personal healthcare uses. "We
decided to form a joint venture with HealthMed Services to aid in
the development of medical applications for this product because of
its expertise in developing medical products and compliance with
health regulations," stated Jenny Buettner, Managing Partner of
Tabue Technology, LP. Ms. Buettner added, "We believe that this
collaboration will ensure that the medical applications for these
products move forward in a timely and efficient manner."
About HealthMed Services, Ltd.
HealthMed Services, Ltd. has acquired the intellectual property
rights to two important medical technologies. In the field of Organ
Transplantation the Company is developing a device for keeping
isolated donor organs alive for extended periods of time outside
the body. This will allow the donor organ to be transported across
the country to allow better donor and patient matching. Also the
better the donor organ can be preserved the better will be the
outcome of the organ transplantation. In the field of Diabetes
Testing the Company has developed a saliva test for monitoring
glucose control in diabetes. Diabetics will be able to mail a
saliva sample to a laboratory that will perform the test and record
the result. Patients will be able to access their results in
private using the internet.
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
development, costs and results of our exploration program at our
properties and any anticipated future production. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with cleaning fluid and
development stage exploration companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report, quarterly reports or current reports
filed from time-to-time with OTC Markets, Inc.
Contact: Richard E. Floegel 619-248-6868
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