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ADDI,.0064,Addison-Davis Diagnostics, Inc. Announces Federal Agency Distribution Agreement Friday March 24, 3:44 pm ET
WESTLAKE VILLAGE, CA--(MARKET WIRE)--Mar 24, 2006 -- Addison-Davis Diagnostics, Inc. (OTC BB:ADDI.OB - News) is pleased to announce the signing of a distribution agreement with K&E Logistics & Services to make its DrugStop product available to the United States Federal Government via the General Service Administration (GSA) Federal Supply Schedule programs. ADVERTISEMENT
Management views this as a major step forward in product marketing by aligning itself with a fully-functioning outsourced government contracting service department without internal financial overhead burden. We believe that this opens a marketing segment that the Company has had on its radar for some time and now has the opportunity to pursue. With more than 15 years of experience, K&E Logistics & Services provides already-established relationships with key government purchasing and procurement personnel.
About Drugstop:
Food and Drug Administration ("FDA'') 510(k) cleared, Drugstop is a completely self-contained and self-regulating, on-site drug testing product that uses a rapid immunoassay for the qualitative detection of drug metabolites in urine. Drugstop eliminates specimen exposure, reduces the chances of complications in handling, and is the only test available that does not require processing once the sample is collected. Drugstop is designed for human resource professionals for testing a number of different types of drugs including amphetamines, cocaine, opiates, phencyclidine, and cannabinoids.
About K&E Logistics and Services:
K&E Logistics & Services is a full-service government contract consulting organization, specializing in GSA Schedule acquisition. K&E has 15 years experience marketing goods and services to all levels of government. They offer a variety of bid, proposal, administration and support service plans in addition to product Distribution and Representation agreements. Their access to Federal Procurement Agencies includes, but is not limited to, Defense Logistics Agency (DLA), Department of Defense EMALL (DOD EMALL), United States Postal Service (USPS) and Naval Electronic Commerce Online (NECO).
About Addison-Davis:
Addison-Davis is currently focused on supplying quick response diagnostic tests for drugs of abuse that are user friendly, produce fast simple results and are less costly, less problematic and less time consuming through the use of its technology to healthcare professionals, governmental agencies and the workplace environment for drugs-of-abuse. For more information about Addison Davis Diagnostics, Inc visit: http://www.addisondavis.comPosts: 352 | Registered: Jan 2005
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