posted
Medical Services Continues to Move Into Eastern Europe WEDNESDAY, MAY 25, 2005 6:00 AM - PR Newswire EDMONTON, Alberta, May 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- Medical Services International Inc. (Pinksheets: MSITF) wishes to announce that both its VScan HIV 1&2 test kits and its Tuberculosis (TB) test kit have been submitted for approval by regulatory authorities in the Ukraine. The necessary testing is being completed at this time. Medical Services has now applied for regulatory approval of its VScan test kits in 8 eastern European countries, The Company is in negotiation with distributors in all 8 countries. Current market studies show that there will be a significant demand for the VScan diagnostic test kits. It is reasonable to expect that the Company will supply in excess of 4,000,000 test kits into this region within a year. Both HIV and Tuberculosis are very prevalent in these countries.
About VScan
The VScan rapid test kits is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV 1&2, Hepatitis B&C, tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in Canada.
Medical Services International Inc. trades in the United States on the NQB Pinksheets under the symbol "MSITF". For further information, please contact Robert Talbot at (780) 430 6363 or Bill Whitehead Jr. at (416) 822 5883 or http://www.medicalservicesintl.com or http://www.minerva-biotech.com .
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.
SOURCE Medical Services International Inc.
Robert Talbot, +1-780-430-6363, or Bill Whitehead Jr., +1-416-822-5883, both of Medical Services International Inc.
Also, confirmed this morning with Island Transfer the number of shares outstanding - 2,943,641,501
-------------------- laughing is therapeutic Posts: 71 | From: springfield, MA, USA | Registered: Mar 2004
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I called Talbot about 15 minutes ago to ease some of my anxieties. I asked him a series of questions and have included the answers afterwards (I don't take short-hand, so the answers represent my best recollection of his comments and/or my understanding of the gist of his comments - they are not verbatum quotes, though as close as can make them):
1) Has the company received the $25MM from the Nigerian contract yet? No, it comes in tranches with the first one in 30-60 days.
2) Have any shipments been made yet? Yes, the company has 220,00 kits ready to ship to Nigeria to the military due to go out in 2 weeks. The company only ships once it has received payment for the kits. There are 315,00 kits due to be shipped to China in the next week or so.
3) The company annouced in Jan that it had shipped 165,000 kits and estimated about 200,00 for Feb and 250,00 for March - were these shipments made? Yes, the company has been shipping and at about those levels. The company receives payment before shippping and is in great financial shape right now.
4) How is the FYE 2004 audit going? It is just about done.
5) When will the audited financials be released? I don't comment on dates like that. (But are they done?) They are just about ready.
6) Why does the transfer agent report almost 3 billion shares outstanding when the company reported about 2.1 billion in March - which is accurate? The transfer agent doesn't know all the transactions that are going on with the company, which includes cancelling shares/taking shares back into treasury, when certain deals do not get consummated. The 2.1 billion share count is the more accurate figure. The auditors are the ones who come in and reconcile the exact share totals and the audit is just about completed.
7) Why is the stock price so low if the company is doing so well? The market makers and others control the price movement and work to move the price down so they can buy low and make money on this stock. Their day will come.
He was polite, patient, talkative and cordial. He did not respond in any way like the descriptions given by others recently on other boards.
I feel better though not completely at ease (that won't happen until the PPS actually goes up a lot).
GLTA longs
-------------------- laughing is therapeutic Posts: 71 | From: springfield, MA, USA | Registered: Mar 2004
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hey laughing not much interest in msitf here i played this stock last year made bank twice i have a very good core position and a position i flip. At its current levels bid 23 ask 24 its money in the bank lol jmho
2005-05-27 05:34:34 Medical Services Begins Testing With Mexican Military
EDMONTON, Alberta, May 27 /PRNewswire-FirstCall/ -- Medical Services International Inc. (Pinksheets: MSITF) is pleased to announce that the military in Mexico has begun testing the VScan HIV 1&2 rapid test kit. The process to get the military in Mexico to test a product is a very long and difficult process. The Company has persevered and the testing starts May 30, 2005. The Company is very comfortable that the test results for the VScan HIV 1&2 test kit will meet and exceed the expectations of the Mexican military authorities. Approval by the military will be very instrumental in receiving Mexican Health Ministry approval. The company has been informed that the testing will be completed by June 15, 2005. Mexico has a significant HIV problem that they are in the process of dealing with. The Company feels that approval and subsequent use of the VScan HIV test kit will be instrumental in helping health authorities in Mexico deal with their problem. Early detection and treatment is key to stopping the spread of infectious diseases. About VScan The VScan rapid test kit is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in Canada. Medical Services International Inc. trades in the United States on the NQB Pinksheets under the symbol "MSITF". For further information, please contact Robert Talbot at (780) 430 6363 or Bill Whitehead Jr. at (416) 822 5883 or http://www.medicalservicesintl.com or http://www.minerva-biotech.com. NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies. SOURCE Medical Services International Inc.
Contact Information: Robert Talbot, +1-780-430-6363, or Bill Whitehead Jr., +1-416-822-5883, both of Medical Services International Inc.
posted
Otter....you seem to be about the only person keeping MSITF threads alive from time to time. Thanks for that, I've held this stock for a while (avg .0037) because I'm enamored with the product and potentially earth-shattering demand for it. But I'm curious, have you or anyone else asked if they ever plan on losing that "F" on their ticker symbol?
Reading the history of the company's CEO gives me pause......And with every PR the price seems to go down. It won't be the end of the world if I lose a couple thousand bucks.....but I'd certainly rather see the pps refelect the good news they keep spewing out.
Concerning the audit.....is this to a certain end, like becoming a fully reporting company? Or will they even release the numbers?
-------------------- Someone said I was too apathetic, but I don't care. Posts: 29 | From: Afghanistan | Registered: Apr 2005
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I'd love to snag a couple million more shares but................I've got to see something that says this is a real company..............a distributor in Shanghai or Beijing that I can contact, etc. I e-mailed MSITF months ago and never received a reply. About 5-6 days ago I telephoned MSITF in the middle of the day and got some type of "general mailbox" or answering machine (not too impressive) so I e-mailed them again...........and now patiently wait for their reply. Here is my letter:
Good afternoon,
I am an investor in your company and an occasional (1-2 times per year) traveller to China. I attempted to contact your company via telephone but got a general mailbox.
My investment in your company is modest at this time though I would very much like to increase it. However, even with all your positive news and press releases, I am still a bit skeptical about your product and company. And now, when I telephone the Corporate Headquarters at 2:15p.m. (your time) I get an "answering machine"..........?????? I am disappointed to say it doesn't impress me much. What if I was a Center for Disease Control in Chengdu, China that wanted to order 5,000,000 kits...........???
So, I'm wondering........................
1) Who is your distributor in China (Beijing?) and who are they distributing to?................Hospitals (All hospitals directly or through the government?), the government/military/health departments. My wife is a physician in China and we have considered becoming involved (at some level) in distributing your product.
2) What is your educated guess as to when approval might be received in Canada/U.S.? Five years??? I realize that the approval process is expensive.
3) When do you expect to graduate from the "pink sheets" to the NASDAQ..........lifting the "f" off of MSITF so that it can be more actively traded (I'm sure you have a reason.........that I'm not aware of...........for using the "pink sheets"
4) Is there any chance your website can be updated (I think the financials are a bit outdated)? When do you expect to become "Cash Flow Positive" and stop paying debt in shares?
I invested in your company because it seems to have real potential. The "news" is very much appreciated but there is no other information (updated financials, etc., etc.) that corroborate the appearance of a successful and soon to be cash-flow-positive company.
I called Whitehead about 6-9 months ago and he did seem relaxed and upfront. I remember he said his salary was $50,000/year (Canadian $?)
I'd like to buy a bunch more at $.0025 but feel it would be foolish and irresponsible to do so without more information.
Posts: 5 | From: Truckee, CA | Registered: Nov 2004
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