WESTPORT, Conn., Sept. 3, 2014 /PRNewswire/ -- HemCon Medical
Technologies, Inc. ("HemCon"), a wholly owned subsidiary of TriStar
Wellness Solutions(R), Inc. (OTCQB: TWSI) and a leading developer
and marketer of advanced medical products, announced today that
they will be exclusively focusing company resources on marketing
and sales, new product development and technological innovations,
best of class regulatory and quality systems and upgrading all
internal information systems immediately.
Photo - http://photos.prnewswire.com/prnh/20140902/142229
HemCon will be moving from its manufacturing and office
headquarters where it has operated since 2003. The company is
relocating to a human centered work environment designed to foster
greater connectivity between all employees, customers and
stakeholders. The new facility, located in downtown Portland, Oregon, will be fully equipped with
an innovation center laboratory and will provide increased customer
integration into new product development. The company has arranged
for all manufacturing to be outsourced to certified leading medical
contractors in the United States,
and HemCon will remain the specification developer for its
life-saving hemostatic products. HemCon will maintain its existing
distribution network and will continue servicing customers
worldwide. The medical products made by HemCon will continue to
comply with all regulatory and quality standards for both
international and domestic markets.
HemCon offers a comprehensive line of hemostatic products with a
proven track record that quickly control all levels of bleeding.
HemCon's proprietary technologies provide cost-effective hemostatic
solutions to treat low to heavy arterial bleeding, while also
providing antibacterial properties. HemCon's ability to stop
bleeding at all levels of the continuum of care allows hospitals to
add efficiencies to their normal practices as well as greatly
reducing everyday expenses, while improving patient outcomes.
"This significant operational transformation and realignment of
our strategic priorities support our defined mission to build a
leading global wound care company that leverages our rich history,
while allowing us to expand beyond our current products and
markets." said HemCon President and CEO, Michael Wax, "We are moving ahead towards
establishing a more efficient organization capable of driving
customer focused innovation."
About HemCon Medical Technologies
HemCon Medical
Technologies Inc., founded in 2001, develops, manufactures, and
markets innovative technologies for hemostatic devices for the
control of bleeding resulting from trauma or surgery. HemCon
products are designed for use by medical professionals in hospital
and clinical settings, military and civilian first responders, as
well as where control of bleeding are of critical importance. New
product development is directed at novel wound care treatment
solutions as well as enhancing hemostasis. HemCon is headquartered
in Portland, Ore. For more
information, please visit www.hemcon.com.
About TriStar Wellness Solutions
TriStar Wellness
Solutions®, Inc. (TWSI) is a health and wellness company that
targets under-met consumer opportunities in the OTC and
professional marketplace. Its core strategy plans to meet the
growing demand for personalized, care solutions by leveraging
proprietary innovation and healthcare technology with the rapid
transformation of the healthcare marketplace to create innovative,
science based solutions and brands. TriStar recently acquired
HemCon Medical Technologies Inc., a developer, manufacturer, and
marketer of innovative technologies for hemostatic devices for the
control of bleeding resulting from trauma or surgery. It also owns
the Beauté de MamanTM brand of women's health products. Additional
information is available at www.tstarwellness.com.
Forward-Looking Statement
This press release for
TriStar Wellness Solutions®, Inc. contains forward-looking
statements. Generally, you can identify these statements because
they use words like "anticipates," "believes," "expects," "future,"
"intends," "plans," and similar terms. These statements reflect
only our current expectations. Although we do not make
forward-looking statements unless we believe we have a reasonable
basis for doing so, we cannot guarantee their accuracy and actual
results may differ materially from those we anticipated due to a
number of uncertainties, many of which are unforeseen, including,
among others, the risks we face as described our filings with the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements which apply only as of
the date of this press release. To the extent that such statements
are not recitations of historical fact, such statements constitute
forward-looking statements that, by definition, involve risks and
uncertainties. In any forward-looking statement where we express an
expectation or belief as to future results or events, such
expectation or belief is expressed in good faith and believed to
have a reasonable basis, but there can be no assurance that the
statement of expectation of belief will be accomplished.
Contact:
Simona Buergi
Tel: (503) 245-0459
Email
Web site: http://www.tstarwellness.com
SOURCE TriStar Wellness Solutions, Inc.