LED Medical Announces New Dealer Agreement Between Subsidiary LED
Dental and Two Distributors in Southeast Region of US
BURNABY, BRITISH COLUMBIA--(Marketwired - Apr 15, 2014) - LED
Medical Diagnostics Inc. ("LED Medical" or the "Company")
(TSX-VENTURE:LMD)(OTCQX:LEDIF)(FRANKFURT:LME) is pleased to
announce that its wholly-owned US operating subsidiary, LED Dental
Ltd. ("LED Dental") has entered into non-exclusive partnerships
with Atlanta Dental Supply Company ("Atlanta Dental") and Nashville
Dental, Inc. ("Nashville Dental") for distribution of the Company's
VELscope® Vx Enhanced Oral Assessment System and product line
within the United States market.
"It is an honor to partner with both Atlanta Dental and
Nashville Dental for distribution within the Southeast," said Lamar
Roberts, president of LED Dental. "Both of these dealers have
extensive networks that will maximize the potential for the
VELscope® Vx product line while providing cutting-edge technology
to their customers."
"We are excited to offer the market-leading adjunctive oral
mucosal examination tool to our client base," said Todd Brown, vice
president of equipment for Nashville Dental, Inc. "The VELscope® Vx
is saving lives by discovering a wide range of oral abnormalities,
including oral cancer, sooner. This technology is in high-demand in
the dental industry, and we're proud to add it to our
portfolio."
Use of the VELscope® Vx aids in the detection of an array of
oral abnormalities, often before they become apparent to the
unassisted eye. It is also the only tissue fluorescence device with
photo/video documentation capabilities through the viewing
mechanism, a key function for referrals and patient records. The
device's distinctive blue-spectrum light causes the soft tissues of
the mouth to naturally fluoresce. Healthy tissues appear in
distinct patterns that are visibly disrupted by trauma or disease,
such as neoplastic lesions, chemical irritation, side-effects from
medication, thermal damage, as well as fungal, viral or bacterial
infections.
"We support the VELscope® Vx as an important, potentially
life-saving device," said Tom Richardson, vice president of sales
for Atlanta Dental. "LED Dental has established itself as the
market leader for tissue fluorescence visualization, and we're
proud to partner with them. The VELscope® Vx is a welcome addition
to our portfolio of outstanding equipment."
The VELscope® Vx product line will be represented in five states
through Atlanta Dental's team of 160 employees and five states
through Nashville Dental's team of 108 employees. Today, VELscope®
systems are used to conduct more examinations for oral cancer and
other oral diseases than any other adjunctive device. To date, more
than 13,000 VELscope® Vx systems are in use globally, and dental
practitioners have performed more than 25 million exams with the
technology.
"Atlanta Dental and Nashville Dental are companies whose core
values of innovation, teamwork and service embody our own," said
Dr. David Gane, CEO of LED Medical Diagnostics Inc. "They are the
true pioneers of dental supply sales in the Southeast region of the
U.S., and their clientele has been well served by them for
generations. Having a partner who is entrenched within the
communities they serve and who continues to increase their service
levels and product offerings is exactly the type of relationship we
were seeking for expansion of the VELscope® market."
About Atlanta Dental Supply Company
Atlanta Dental is a 100-percent employee-owned, full service
distributor of dental supplies, equipment, software and technology,
backed by uncompromised service and support. Office design and
practice management services are also available. Atlanta Dental
offers "breeze" in-office ordering software and exceptional value
on all products and services. For more information on Atlanta
Dental, visit www.atlantadental.com.
About Nashville Dental, Inc.
Nashville Dental is a family-owned and operated dental supply
company founded in 1897 in Nashville, Tennessee. The company has a
long history of partnership with dental practices, offering
comprehensive product and service packages for new, established and
retiring dental offices. Nashville Dental operates out of eight
locations throughout Tennessee, Kentucky, Alabama, and West
Virginia. For more information on Nashville Dental, visit
www.nashvilledental.com.
About LED Dental Ltd.
Based in Atlanta, Ga., LED Dental Ltd. is a wholly-owned US
subsidiary of LED Medical Diagnostics Inc. Backed by an experienced
leadership team dedicated to a higher level of service and support,
LED Dental offers advanced diagnostic imaging equipment that
seamlessly integrates into dental practices. The Company is
committed to providing dental practitioners with the best
technology available by identifying and adding strong products to
its growing portfolio. Additionally, the company manufactures the
award-winning VELscope® Vx Enhanced Oral Assessment System, the
first system in the world to apply tissue fluorescence
visualization technology to the oral cavity. Available through
major dental supply distributors, the VELscope® Vx is used to
conduct more screenings for oral cancer and other oral diseases
than any other adjunctive device. For more information, call
888.541.4614 or visit
www.leddental.com.
About LED Medical Diagnostics Inc.
Founded in 2003 and headquartered in Burnaby, British Columbia,
Canada, LED Medical Diagnostics Inc. is a leading developer of
LED‐based visualization technologies for the medical industry. The
Company is currently listed on the Toronto Stock Exchange (TSX‐V)
under the symbol "LMD," the OTCQX under the symbol "LEDIF," as well
as the Frankfurt Stock Exchange under the symbol "LME." For more
information, visit www.ledmd.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
This press release contains statements which, to the extent
that they are not recitations of historical fact, may constitute
forward-looking information under applicable Canadian securities
legislation that involve risks and uncertainties. Such
forward-looking statements or information include statements
regarding, but not limited to the Company's future growth strategy
for the United States, its distribution strategy and product
offerings, potential expansion of the Company's technology to other
medical applications or markets, or the potential introduction of
new technologies by the Company. Persons reading this press release
are cautioned that such statements or information are only
predictions, and that the Corporation's actual future results or
performance may be materially different. Factors that could cause
actual events or results to differ materially from those suggested
by these forward-looking statements include, but are not limited to
competition risks, distributor risks, product development risks
such as regulatory, design, intellectual property and other factors
described in the Corporation's reports filed on SEDAR including its
Annual Information Form and financial report for the year ended
December 31, 2012. These and other factors should be considered
carefully and readers should not place undue reliance on such
forward-looking information. All forward-looking statements made in
this press release are qualified by this cautionary statement and
there can be no assurance that actual results or developments
anticipated by the Company will be realized. The Company disclaims
any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
LED Medical Diagnostics Inc.Mark KomonoskiInvestor
RelationsOffice: 403.255-8483 or Toll-Free: 877.255.8483Mobile:
403.470.8384mark.komonoski@ledmd.comMedia Contact:Chris
Koch404.502.4438chris.koch@leddental.com
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