PTSO news
PTS Products, Inc. Announces Additional Exclusive Licensing Pact with Glove Box, Inc. for Thailand
02/06/2004 14:15
PTS Products International, Inc., (PTSPI) a wholly owned subsidiary of PTS, Inc., (OTCBB:PTSO) today announced that the company has signed yet another exclusive marketing and distribution agreement for the Glove Box(TM). The company's newest licensing agreement is for Thailand. ¶ Peter Chin, CEO of PTS, Inc., stated, "We are very pleased to have acquired the rights to yet another country, Thailand, a significant Asian market, for the Glove Box(TM) product." ¶ On a separate matter, company management stated that the prototype of the redesigned, automated glove dispensing unit is finishing ahead of schedule, and is expected to be demonstrated on Tuesday, February 17, 2004, at the San Diego Research Center, located at 6156 Mission Gorge Road, San Diego, California. PTSPI expects this demonstration will clearly show the huge potential of the Glove Box(TM), as it is believed to quickly develop a strong demand most especially in the medical field, and other related fields that require sterile environments. ¶ 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 glove products. The Glove Box(TM) is designed for targeting sterile, protective and clean room environments, and the applications are numerous, including the healthcare industry, dental 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. ¶ For more information about PTS, Inc., please visit the company's website: www.ptspi.com. ¶ 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.
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