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I admit I missed that :)
But what are the issues that still need to be resolved and why does it seem from the Arabic press(at least according to the translated article) that they are pretty adamant that they haven’t approved anything?
>>Al-Hidaya is working with the regulatory agencies to satisfy
>>any remaining requirements to bring AsepticSure into the Kingdom
According to the release they went to a distributor. Perhaps you have more infomation than is currently available in the public realm..
"recent sale and delivery of the initial two AsepticSure systems to Al-Hidaya International Medical Services Company"
Seems (from the translated articles) the official government still isn't on board. What is up with that?
BenK - First Sale? They sold 5 machines 2 years ago - see how far that got us.
On April 11th we announced that Wood Wyant Canada, a subsidiary of Sani Marc Group, had made an initial purchase of five AsepticSure® hospital disinfection systems.
http://www.medizoneint.com/2013/04/30/chairmans-shareholder-update-2013/
BenK - I vaguely recall his name from the past. Is he currently involved with Medizone in a formal capacity?
Was he representing the WHO on this trip?
Maybe I'm mis-reading this...
Maybe I'm beaten down by all the past false starts/promises...
but ...
We sold 5 machines in Canada 2 years ago and it didn't progress from there. Here we sold 2 machines in a country where it hasn't even been approved. In fact, unless the translations are misleading, they seem pretty vehement about the fact that they haven't approved/signed anything.
So, while it is a positive, I don't see this as a major step forward.
I hope I am wrong!
News
Sales 2 machines - I guess it is a start.
Still need final approval from SA :(
AsepticSure Introduced into Saudi Arabia
to help Eliminate MERS-coronavirus
San Francisco, California, September 8, 2015. Medizone International, Inc. (The Company) (OTCBB: MZEI, OTCQB: MZEI), manufacturers of the AsepticSure® Hospital Disinfection System, are pleased to announce the recent sale and delivery of the initial two AsepticSure systems to Al-Hidaya International Medical Services Company headquartered in Jeddah, the Kingdom of Saudi Arabia. AsepticSure Unit
(https://alhidaya.com.sa).
Al-Hidaya is under the leadership of Sheikh Saleh Salem M. Bahwini. Sheikh Bahwini has committed to helping rid the Kingdom of the MERS-coronavirus.
Al-Hidaya has sponsored a trip to the Kingdom for Medizone's President and Director of Medical Affairs, Dr. Michael E. Shannon M.A.,M.Sc.,M.D. Dr. Shannon and his support team arrived in Jeddah the end of last week. Dr. Shannon and the team had been graciously invited to the Kingdom by the Minister of Health's Office.
With the support of Dr. Shannon, Al-Hidaya is working with the regulatory agencies to satisfy any remaining requirements to bring AsepticSure into the Kingdom and allow us to contribute to reducing the incidence of MERS-coronavirus in Saudi hospitals with the use of AsepticSure. Dr. Shannon and his team will remain in Saudi Arabia until September 14th.
Prior to this trip, Al-Hidaya International Medical Services Company had applied for Exclusive Distribution Rights for AsepticSure in the Kingdom. Medizone had responded with a Letter of Intent to Grant such rights, subject to the completion of a formal contractual agreement. Given Al-Hidaya's demonstrated commitment and effort to date, Medizone believes the final contract details will be agreed to following current activities.
Gelati - I'm not sure I understand the point you are making. Can you please clarify?
While we need to wait to hear the official news, it seems as if there will not be an announcement of sales - as some had anticipated. It is hard to believe that the blurb on the website of "news is coming" is referring to a trip to SA to demonstrate the product. While that is indeed significant, after waiting so long, I think more was expected.
Doesn't sound like sales to me :(
https://translate.google.com/translate?hl=en&sl=ar&u=http://roaanews.org/archives/27459&prev=search
September 8, 2015
University Founder: "My Corona" can not treat patients
+ A
- A
Visions news / way Halabi
Denied King Abdulaziz University in Jeddah raised in the media, for adoption device (AsepticSure), or what is known as device eliminate the corona virus. He explained the Dean of the Faculty of Medicine at King Abdulaziz University, Dr. Mahmoud Shaheen cockeyed, it is a reference to what has been circulated regarding the judiciary on Corona, hosting King Abdulaziz University Hospital medical symposium about it, we would like to clarify that the said device (AsepticSure), is a new device Ozone uses hydrogen peroxide to disinfect environmental surfaces in contaminated rooms germs, both viral (including Coruna) or bacterial or fungal greater than techniques effectively the other using hydrogen peroxide without depleting substances. He said he could use the device to cleanse the patients rooms Bkorona, after they came out of the room and before the new patient entry, which can only be used in free patients, people and sealed room around the door, with the dam conditioner and ventilation holes to ensure its effectiveness, and lack of ozone leak and hydrogen peroxide to the outside, revealing that the device is not used to treat patients, whether Bkorona or other germs, but only to disinfect surfaces inside the rooms. He cockeyed: "The University Hospital confirms the absence of any promotional or commercial relationship between the hospital The device described and his agent in Saudi Arabia, and we Based on our duty to the medical and scientific community in the Kingdom in particular and the region in general, are committed to scientific and ethical codes for the use of any device or medical product prior to its submission to the recipient of health care service our hospital, according to the laws regulating him by the Saudi Food and Drug Administration and underline our commitment to a clear scientific proof for the benefit of the product prior to the initiation or recommendation to use it. "The manufacturer of the device, had requested to interview specialists unity of infection control at King Abdulaziz University to display the device, as a prelude to assess the effectiveness of the University Hospital, as part of a research study has been recommended by Medical Advisory Council of the Ministry of Health previously. And it has been the presence of a delegation of scientists and the company's Canadian manufacturer of the device to meet the university hospital infection control team, on Sunday to view the device and to discuss practical steps to evaluate the hospital, before recommending for approval by the Food and Drug Authority Arabia.
BenK - Interesting that you mention "large order". I know it was years ago, but the initial plan was for a "soft" launch. The fact that years have passed doesn't necessarily obviate the need for that approach. While they have been periodically using machines during this time, it still hasn't been tested under the constant strain of daily use in the real world. Would they want to sell/ship large quantities only to discover defects in the machines?
Semper - Great find!!
"while arrived yesterday afternoon Canadian team operator of the devices, which will sterilize Saudi hospitals and train health staff headed by the inventor of the device Professor Michael Shannon"
http://www.makkahnewspaper.com/makkahNews/knowledge/129888#.VeuyztJViko
Very aware - I wasn't implying that he approved it in advance. My point was that I doubt he would approve of such a silly posting. I was using approve as in condone - if you know what that means.
Agreed and it must be signed and delivered otherwise they wouldn't post that. So good news but very strange and unprofessional if you ask me.
BenK - I think the concern about cleaning time was using Asepticsure during the regular turn of the room - not in cases when treating a specific outbreak. So while it might be faster to clean an infected room using Asepticsure, it still might be slower during a regular turn.
This brings us back to what has been raised before (perhaps by WIV) - does Medizone even have a protocol as to how Asepticsure is going to be used?
If I understand correctly all of the EPA's past issues came up during the detailed review, not during the first review of the application. So this doesn't mean much.
So they still expect EPA to use the full 90 days to review?
>> only the first stage in a long process, several months' worth of waiting.
What am I missing? All they announced was that they filed something we had hoped had been filed weeks ago!
Also there had been speculation - perhaps by BenK - that the delay was due to the sterilization claim. Dr. Shannon says specifically in this release it is only being approved as a disinfectant.
>> the ultimate approval by the EPA as a room disinfectant...
Even the nice volume today is not necessarily a sign of the beginning of a steady upward progression. It looks like MZEI has been noted on several trader websites in the past week. If the volume is coming from traders- they sell at the first sign of a weakness.
But I won't complain about a 30% rise in one day :)
Legitimate companies typically hold conference calls to discuss the quarter’s results.. Marshall is a coward, who can’t take responsibility for his results. His backers claim he is a man of integrity. Integrity and cowardice don’t go together.
Even if Medizone ultimately proves successful, it won’t change the fact that when things got tough, Marshall hid.
I was thinking the same thing. WIV analysis is great except that ultimately it will require a decision by Ed. Based on his track record I have no confidence that he will make the correct business decision when it counts.
Hard to fathom - with all the attention this space is getting that we are trading $8,500 in a day. Obviously current management does not generate much excitement/confidence with many investors :(
BenK - Do you think "major players" have to wait for a webinar - wouldn't they get a private, personal introduction to Asepticsure? Sounds fishy to me.
GO - Exactly - mzei2themoon :)
Maybe I shouldn't post after 11 PM because it seems as is if I was misunderstood. I am very very happy they are doing the webinar, think it is a great idea and look forward to getting an update. I was just referring to how some people hoped that there might be some great new revelation that would somehow attract new interest in Asepticsure and possible get the EPA to finally act. As I ended my post - I hope I am wrong!!
Hate to sound cynical, but this seems to me to be a pr stunt. If they had significant news it would be released as a standard press release. The only people on this webinar are going to be people who are already aware of what Asepticsure is and what it can do. I don't see this generating much new interest amongst anyone of significance. I hope I am wrong!
Green - I hate to stand up for the way this management acts, but to be fair, it is a holiday and the offices are probably closed.
More like grimaces and frowns. 15 years this December.
I can't remember all of the competition:) My main point was that the CDC funded their research - we can't even get the EPA to sign off on Asepticsure.
NSD - What about the service contracts with private businesses. Did he say why that went no where? IIRC we were told the locker room smelled great after the first application!
Eli- Very interesting- never heard about them before this and they got the CDC to fund research. Sounds like they are way ahead of us as far as the CDC is concerned :(
"We know through extensive CDC-funded research specific to TRU-D conducted by thought leaders in epidemiology and infection prevention that TRU-D is effective at eliminating any pathogen by delivering a precisely measured UVC dose,” Chuck Dunn, president and COO of TRU-D LLC, said"
Not sure what you are adding. We all know it is technically a US company. But in reality all the major research and development was done in Canadian Labs, by Canadian doctors, supported by Canadian hospitals and approved by the Canadian government. The fact that the company was run out of someone's house in the US shouldn't adversely affect the ability to sell it based on Gelati's discussion with customers.
Gelati - Not knowing you well I don't know if that was a cynical question or not. I would think the ownership of the technology is incidental to the medical know-how that developed it.
I actually think, without ever having spoken to potential end users, that it the the bias against foreign ( read: non American) medicine that is holding us back. Had this same technology been developed by an American University I think we would be much further along in the commercialization of Asepticsure.
Gelati - I understand your potential customer's sentiments except:
It was developed in Canada
By Canadian Doctors
and approved by the Canadian government
WIV, BenK - According to the 10/2013 shareholders update they were only trying to prove "EPA disinfection standard", not sterilization so that the approval would go faster. Has something changed?
BenK - Any clarification to your comment "which by all indications it should in the coming months" - what indications are you referring to?
what indications?
>> which by all indications it should in the coming months or so, if not before
or perhaps a prejudice against doctors with a Socialist medicine background. We Americans can be pretty arrogant when it comes to these things. I've always felt it would be nice to get a US recognized doctor more involved in the company.
>> maybe a prejudice against all things related to ozone,
My thoughts exactly. Any day now we should be hearing the "bank holiday" excuse.
>> Groundel 2
Sorry - my mistake. He was part of the conversation this morning so I assumed that what was you were referencing
Gelati has answered that already - he says he needs EPA approval in order to be able to sell it in his region of the world
Please elaborate - I guess I'm a bit dense this morning :)
I agree - Facts should be known to all shareholders - unless it is confidential.
Gelati - Can't be sure of anything with current management.
Price of options doesn't say much - just has to do with the timing of the grants. It's probably been 10 years since the SEC put an end to what was the common practice of backdating options.
It's hard to believe the hubris that Ed has in granting himself options when to date there hasn't been a single sale of Asepticsure. It's bad enough he doesn't have the guts to hold a shareholders meeting and see if he has enough support to continue on in his current role, but this really takes the cake for Chutzpah.
I have an acquaintance that works for Cadwalader, Wickersham & Taft and specializes in securities law. As much as part of me(the evil, vindictive side :)) would love to speak to him to see if he would take this case I can't imagine that it would be a good time to take on the current BOD.