Oncologix Tech Inc (OCLG)

[JackStraw]

Oncologix (OCLG) Plans Expansion; Letter of Intent (LOI) Executed with Medical Product Company

ALEXANDRIA, LA / ACCESSWIRE / July 24, 2014 / Oncologix Tech Inc. (OCLG), a fully reporting, diversified medical holding company with operating businesses units in medical device, healthcare services and medical products and technologies, has executed a Letter of Intent (LOI) to acquire a speciality medical products company.

"This acquisition would be our first step in growing our Medical Products Division and would establish a national footprint of product distribution and brings numerous strategic advantages that will support our three primary distribution strategies including licensed Medicare businesses, wholesale/commercial distribution, and Government agencies" said Harold Halman, President/COO.

Mr. Halman added "our Division’s strategy is to create vertical approaches of market penetration to both the patients at home and the institutional healthcare industry with a full line of integrated solutions. Our continued acquisition/expansion strategy is to acquire company’s already positioned with strong product brands, market reach and identified with strong distribution centers located within large demographic, MSA areas."

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