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Re: powerpak post# 39800

Friday, 11/13/2015 11:38:54 AM

Friday, November 13, 2015 11:38:54 AM

Post# of 52074
There was a second visit to SA. Looks very promising...

"...During the quarter ended September 30, 2015, we sold two AsepticSure systems to a purchaser in Jeddah, Saudi Arabia.  The purchaser, Al-Hidaya International Medical Services Company (Al-Hidaya), has also signed a non-binding letter of intent to become the Company’s exclusive distributor of the system in the Kingdom ofbia, subject to the completion and execution of a binding distribution agreement.  Pursuant to the letter of intent, Al-Hidaya sponsored the travel of a Medizone team to Saudi Arabia led by Dr. Michael E. Shannon, our President and Director of Medical Affairs, to introduce the system to interested medical and government representatives in Saudi Arabia and to provide initial training to Al-Hidaya personnel.  Once an agreement has been executed, we expect Al-Hidaya to introduce a service model to the medical community throughout Saudi Arabia.  In addition, the distribution agreement will provide that if Al-Hidaya is successful in establishing sales of the system and related services in Saudi Arabia, we will consider granting future distribution rights to Al-Hidaya for other countries in the Middle East on a country-by-country basis.  A subsequent Al-Hidaya-sponsored trip by a senior Medizone technician to continue the training of Al-Hidaya technicians took place in October 2015.  Al-Hidaya worked with Saudi regulatory authorities through system demonstrations both in-hospital and in Al-Hidaya offices in these two training sessions.  Al-Hidaya has represented that it is in regular and frequent contact with the Saudi regulatory authorities and that it believes it will soon obtain full regulatory approval to import additional AsepticSure systems and operate them providing disinfection services.  Following Saudi regulatory approval, it is anticipated the formal contract for future distribution and service rights will be finalized and executed.  The distribution agreement will include additional system orders for production.  Al-Hidaya has established office, supply and training space to support AsepticSure activities and has hired service technicians in preparation for a broader launch following receipt of regulatory approval.  As of the date of this report, final Saudi regulatory approval is pending and the final distribution agreement with the proposed distributor had not been signed...."

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