Hey Devon
News for 'PTSO' - (PTS Products International, Inc. Announces Exclusive
Licensing Pact with Glove Box, Inc. for Malaysia; Company Re-States
Anti-Spam Policy)
LAS VEGAS, Jan 15, 2004 (BUSINESS WIRE) -- PTS Products International,
Inc., a
wholly owned subsidiary of PTS, Inc., (OTCBB:PTSO) today announced that
the
company has signed an exclusive marketing and distribution agreement for
the
Glove Box(TM) in Malaysia. Approximately sixty percent (60%) of the
world's
latex glove production is manufactured in Malaysia.
Peter Chin, CEO of PTS, Inc., stated, "We are very pleased to have
acquired the
rights to Malaysia, and note that inquiries coming from other markets
remain
strong. Our prototype Glove Box(TM) is on schedule, and is expected by the
end
of first quarter 2004. Once the prototype is finalized and tested, the
company
will begin manufacturing the units in China."
Chin also noted that the SARS outbreak, that originated in early 2003, has
again
been discovered, recently resurfacing in China. SARS remains a threat to
the
world medical community, and it places an added emphasis on getting the
Glove
Box(TM) to market.
On a separate matter, company management is re-stating that recent and
persistent unauthorized emails containing PTSO news releases are being
received
by some members of the investing public. Management does not endorse any
independent or unsolicited efforts by outside parties in promoting the
company's
stock, nor has it any control in such activity. Furthermore, the company
is not
and hasn't been engaging in any promotional activities of the company's
stock,
including spamming on the Internet, and has not paid for any such
activities.
Management has notified the legal authorities regarding this issue.
About GLOVE BOX(TM)
The patented, revolutionary Glove Box(TM) is the only product that offers
contamination reduction through automated glove dispensing. The Glove
Box(TM)
system is a freestanding dispenser of disposable latex gloves. The Glove
Box(TM)
is designed for targeting sterile, protective and clean room environments,
and
the applications are numerous, including the medical and healthcare
industry,
dental industry, hospitality industry, laboratories, health and beauty
applications, manufacturing, food service, and others. In 2002, the
worldwide
market for this single-use product was 38 billion glove sets.
Please visit the company's website: www.ptspi.com. SOURCE: PTS, Inc.
Safe Harbor for Forward-Looking Statements: Except for historical
information
contained herein, the statements in this news release are forward-looking
statements that involve risks and uncertainties and are made pursuant to
the
safe harbor provisions of the Private Securities Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties,
which may cause the Company's actual results in the future periods to
differ
materially from forecasted results.
SOURCE: PTS, Inc.
Lock and load IMHO
