Dehaier Extends Exclusive Distribution Authorization With Timesco
February 18 2014 - 9:00AM
Dehaier Medical Systems Ltd. (Nasdaq:DHRM)
("Dehaier" or the "Company"), an emerging leader in the
development, assembly, marketing and sale of medical devices and
homecare medical products in China, today announced that it
received the exclusive distribution right renewal from Timesco in
related to CLX laryngoscope products. Pursuant to the renewal
agreement, Dehaier will continue to have the exclusive right to
direct sale, distribute and bid of optima range products, including
CLX and Eclipse blades and handles in mainland China through 2014.
Dehaier's President and CEO, Mr. Ping Chen, stated, "Since we
have initiated our cooperation with Timesco in 2003, as its
exclusive distributor in China, we have been maintaining a sound
partnership with Timesco. The CLX series products offer broad
visual field and better vision upon its patented light source,
fulfill all sorts of demands of clinical demands through
diversified models and specifications, which can be recognized as
one of the most widely-used laryngoscopes in China. CLX
Laryngoscope series is one of our flagship products which have a
quite stable, significant market share and for a long time ranked
within top three in China. Dealers and consumers respond very well
and Dehaier has occupied competitive leadership in the market of
laryngoscope. Going forward, we will continue to build out our
distribution network and the agent platform for our ever growing
medical device products."
About Timesco
Founded in 1964, Timesco of London is a medical supplies company
that designs, manufactures, and sells surgical and non-surgical
medical and dental instruments. Its specialties include products
for laryngoscope, surgery, podiatry, and primary care as well as
emergency health care, midwifery, and more. The Company has
been recognized as one of the most progressive surgical and medical
companies in the U.K. Their goal is to serve the healthcare needs
of all consumers in all cultures throughout the world. To develop
new, innovative medical technologies that will save or improve the
quality of life, whilst meeting the highest standards of quality
and product safety at all times.
About Dehaier Medical Systems Ltd.
Dehaier is an emerging leader in the development, assembly,
marketing and sale of medical products, including respiratory and
oxygen homecare medical products. The company develops and
assembles its own branded medical devices and homecare medical
products from third-party components. The company also distributes
products designed and manufactured by other companies, including
medical devices from IMD (Italy), Welch Allyn (USA), HEYER
(Germany), Timesco (UK), eVent Medical (US) and JMS (Japan).
Dehaier's technology is based on six patents, ten software
copyrights and proprietary technology. More information may be
found at http://www.dehaier.com.cn
Forward-looking Statements
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, fulfillment of bids and contracts,
changes in technology, economic conditions, the impact of
competition and pricing, government regulation, and other risks
contained in reports filed by the company with the Securities and
Exchange Commission. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the company,
are expressly qualified by the cautionary statements and any other
cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
CONTACT: Dehaier Medical Systems Limited
Surie Liu
+86 10-5166-0080
lius@dehaier.com.cn
Dehaier Medical Systems Limited
Tina He
+86 10-5166-0080
hexw@dehaier.com.cn
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