One World Ventures Approved for Diabetes Testing System Distribution in Mexico
May 06 2010 - 9:29AM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI) announced that its
manufacturing subsidiary Tutamen has applied for and received
approval for exclusive distribution of the Eukare® blood glucose
monitoring system in Mexico. The application for importation of the
system was made with Mexico's Federal Commission for Protection
Against Health Risks (COFEPRIS) and has been approved by the
Mexican Secretariat of Health. The system is a critical part of the
ongoing battle against Type II diabetes which has reached epidemic
levels in Mexico. The Eukare® system is Food and Drug
Administration (FDA) approved in the U.S. and ISO and CE compliant.
Diabetes in Mexico will have risen 40% by the year 2012, killing
over 100,000 Mexicans during that year, according to Jose Angel
Cordova Villalobos, Health Secretary, Mexico. The disease is the
number one cause of nonobstetric hospitalization in Mexico.
With this approval, One World will create a medical devices
division of the company that will focus on the manufacturing and
delivery of medical devices to areas where there is opportunity to
provide for the underserved. Presently, the major pharmaceutical
conglomerates with a much higher cost structure are the primary
providers of diabetes testing supplies in Mexico.
"The Eukare System allows us to distribute a quality medical
device in a more cost effective manner to people who desperately
need the care," CEO Steve Prior said. "We've passed all product and
packaging approvals and are ready to move to the next step."
"We are very excited to be establishing yet another income
stream for the company and anticipate annual sales of the product
to exceed $2 million," Prior explained. "It has been an arduous
process getting these approvals. We anticipate shipping into Mexico
very soon now that we are complete."
Safe Harbor Statement:
Any statements contained herein related to future events are
forward-looking statements and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on
forward-looking statements. One World Ventures, Inc. undertakes no
obligation to update any such statements to reflect actual
events.
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Contact: One World Ventures, Inc. USA Tel (+1) 702-789-1088
investors@1worldventures.net www.1worldventures.net
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