Home Health International Inc. (HHII) to Contract With Global Network of Medical Equipment Suppliers
June 28 2012 - 8:00AM
Marketwired
Home Health International Inc. (PINKSHEETS: HHII), a DME
distributor and home health services provider, announced today that
it has reached an agreement with a global network of medical
equipment suppliers.
Home Health International is currently finalizing a contract
with a global network of medical equipment suppliers. The supplier
network is comprised of 16 manufacturers of name-brand medical
equipment. The manufacturers are located in Korea, Taiwan,
Thailand, China, and Malaysia.
Product importation is critical to remaining competitive in the
U.S. medical equipment market. According to the FDA, imports
represent more than 35% of the $106 billion U.S. medical equipment
market. While imported medical equipment often comes with a lower
price tag, product quality is never sacrificed. Foreign
manufacturers must meet applicable United States medical device
regulations in order to import devices into the U.S. even if the
product is authorized for marketing in another country.
By importing products directly from the manufacturers, Home
Health International will realize significant cost savings over
sourcing these products from domestic third-party wholesalers.
These cost savings will allow Home Health International to capture
greater profit margins on each product while maintaining highly
competitive prices. Furthermore, Home Health International will be
able to strengthen and diversify its product portfolio.
About Home Health International Inc. Home Health International
Inc. was incorporated in the State of Nevada on September 13, 2006.
The Company was formerly known as Micro Mammoth Solutions, Inc. and
operated as such until January 25, 2010. On January 26, 2010, the
Board of Directors of the Company approved a Stock Purchase
Agreement between the Company and all of the shareholders of Atlas
Capital Partners, LLC. Following the acquisition of Atlas Capital
Partners the shareholders approved an amendment to the Company's
Articles of Incorporation changing the Company's name from Micro
Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company
received shareholder and board approval to amend its Articles of
Incorporation to change its name to Home Health International Inc.
This change was approved by FINRA and became effective on March 26,
2012.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to risks and uncertainties that could
cause future results to differ materially from the forward-looking
statements. You should consider these factors in evaluating the
statements herein, and not rely on such statements. The
forward-looking statements in this release are made as of the date
hereof and Home Health International Inc. undertakes no obligation
to update such statements.
CONTACT: Home Health International Inc.
info@homehealthintl.com
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