Misonix Announces New Distribution Agreement for Baltic Countries
(NasdaqGM: MSON), a surgical device company that designs, manufactures and markets innovative therapeutic ultrasonic products worldwide for spine surgery, skull-based surgery, neurosurgery, wound debridement, cosmetic surgery, laparoscopic surgery and other surgical applications has entered into a new, three year, exclusive distribution agreement with Apex Medicus, based in Vilnius, Lithuania, for the distribution of the SonaStar@ Ultrasonic Surgical Aspirator and the BoneScalpelT Ultrasonic Bone Cutter. The agreement provides Apex Medicus with the right to sell throughout Estonia, Latvia and Lithuania. Included in the agreement are annual minimum purchase requirements. Product training is complete and open market sales have begun.
Apex Medicus is well established in neurosurgery and skull-based surgery and has earned a reputation for successfully introducing high tech products to the Baltic countries. Their commitment to product support and education is consistent with the Company's core values.
The SonaStar is used by neurosurgeons and general surgeons for quick and efficient removal of both hard and soft tumors while sparing most vessels. OsteoSculptT bone sculpting technology can be employed with the SonaStar to safely remove osseous structures, thus providing access to the surgical site.
The BoneScalpel is a tissue specific osteotomy device capable of making precise cuts through bone and hard tissue while largely preserving delicate soft tissue structures. It offers the convenience and speed of a power instrument without the danger associated with rotary sharps.
"We are very pleased to add Apex Medicus to our distribution organization in Europe; their presence fills one of our remaining coverage gaps. We now have a well-rounded distribution operation throughout the Continent with highly regarded partners in their respective markets. We are now well positioned to effectively penetrate these markets and establish Misonix as a leading surgical instruments provider," said Michael A. McManus, Jr., President and Chief Executive Officer of Misonix. "We look forward to the opportunities ahead with great anticipation." About Misonix Misonix, Inc. designs, develops, manufactures and markets therapeutic ultrasonic medical devices. Misonix's therapeutic ultrasonic platform is the basis for several innovative medical technologies. Addressing a combined market estimated to be in excess of $3 billion annually; Misonix's proprietary ultrasonic medical devices are used for wound debridement, cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical applications. Additional information is available on the Company's Web site at www.misonix.com.
Safe Harbor Statement With the exception of historical information contained in this press release, content herein may contain "forward looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include general economic conditions, delays and risks associated with the performance of contracts, risks associated with international sales and currency fluctuations, uncertainties as a result of research and development, acceptable results from clinical studies, including publication of results and patient/procedure data with varying levels of statistical relevancy, risks involved in introducing and marketing new products, potential acquisitions, consumer and industry acceptance, litigation and/or court proceedings, including the timing and monetary requirements of such activities, the timing of finding strategic partners and implementing such relationships, regulatory risks including approval of pending and/or contemplated 510(k) filings, the ability to achieve and maintain profitability in the Company's business lines, and other factors discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company disclaims any obligation to update its forward-looking relationships.
Investor Relations Contacts Misonix Contact: Lytham Partners, LLC Richard Zaremba Robert Blum, Joe Dorame, Joe Diaz 631-694-9555 602-889-9700 email@example.com firstname.lastname@example.org SOURCE Misonix, Inc.
-0- 05/22/2012 /Web Site: http://www.misonix.com (NASDAQ-NMS:MSON) / CO: Misonix, Inc.; Apex Medicus ST: New York Lithuania Latvia Estonia IN: HEA MEQ SU: LIC PDT PRN -- LA11404 -- 0000 05/22/2012 12:00:00 EDT http://www.prnewswire.c