Consolidates Sales Activities
June 27 2002 - 5:00AM
UK Regulatory
RNS Number:8161X
Tepnel Life Sciences PLC
27 June 2002
PRESS RELEASE
For Further Information:
Tepnel Life Sciences 0161 946 2200
Ben Matzilevich, CEO
Gron Ffoulkes-Davies, Finance Director
HCC De Facto Group
David Dible / Mark Swallow 020 7496 3300
Tepnel Life Sciences ('Tepnel') Consolidates its Sales Activities
Manchester, UK. 27 June 2002...Tepnel Life Sciences PLC (AIM: TED) announces
today that it has undertaken an internal reorganisation to consolidate the
handling of the global sales of its T1000 Plasmid Purification System and
Nucleon(TM) DNA purification kits. This change reflects the success that the
Company has achieved in appointing distributors to handle these products
globally. Distributors have been appointed in key markets such as Japan, China,
Korea, France and Denmark, while negotiations with potential distributors in
North America and Germany are on-going.
"These distributor deals allied to Tepnel's own direct sales efforts will allow
our newly formed sales team to access over 85% of the available world market for
our most important products," said Ben Matzilevich, Tepnel's Chief Executive
Officer. "As part of this reorganisation I regret to announce the resignation of
Mike Billingham, Commercial Director, who has left the Company to pursue other
business interests."
-ends-
Notes to Editors
Tepnel Life Sciences is a global biotechnology company with a "tripolar"
strategy focused on providing the biomedical industry with high-throughput
automated DNA purification systems, manual DNA purification kits and reagents,
as well as scientific services for nucleic acid purification, drug analysis,
genotyping and genetically modified foods (GMOs).
The Company was founded in 1992 to exploit DNA technology generated at UMIST
(University of Manchester Institute of Science and Technology) and is listed on
the AIM segment of the London Stock Exchange (AIM: TED).
www.tepnel.com
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