BGTH / ECSI (OTCBB, .20) Bridgetech Acquires Controlling Interest in ECash, Inc. for Its Domestic Operation
SAN DIEGO, March 5, 2007 /PRNewswire via COMTEX/ -- Bridgetech Holdings International Inc., (BGTH) a company focused on maximizing the potential of emerging healthcare products and services in China, announces the purchase of a controlling interest in ECash, Inc. (ECSI) through the merger of our wholly owned subsidiary, Clarity Imaging International, Inc. (Clarity) and ECash. The purchase of the controlling interest of ECash is for the sole purpose of separating the company's Chinese and Domestic healthcare interests. ECash will be comprised solely of the current business operations of Clarity. The divergence of Bridgetech's China operations from the domestic operations of Clarity will provide a focused business strategy for both companies. Michael Chermak, Chairman and CEO of Bridgetech stated, "This division of our domestic and international interests strengthens our business and revenue model and will enable Bridgetech to focus on building its operations and continuing expansion throughout China." Chermak added that Clarity will focus on growth and expansion domestically. "This will be a winning combination for all shareholders," he said.
About Bridgetech Holdings International, Inc.
Bridgetech is leveraging its extensive network of relationships in China and the U.S. to capitalize on the demand for Western healthcare in Greater China. The company is bringing emerging drugs, devices and diagnostics to Greater China, with an initial focus on oncology. For additional information, please visit Bridgetech at http://www.bthi.com and Clarity at http://www.clmd.com
Forward-Looking Statements.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of Bridgetech. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Contacts:
Media Relations: Vince Heald, Beck Ellman Heald - 858-453-9600 vheald@behmedia.com
Media Relations, Vince Heald of Beck Ellman Heald, +1-858-453-9600, vheald@behmedia.com, for Bridgetech Holdings International Inc.; or Investor Relations, Redwood Consultants, LLC, +1-415-884-0348, for Bridgetech Holdings International Inc.
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