International Advanced Healing Group to Sign Agreement with Medistar
International Advanced Healing Group has reached consensus with Medistar, Inc. to offer its wound healing products in Mexico.
- (1888PressRelease) March 28, 2014 - International Advanced Healing Group, Ltd. (IAHG), the Singapore based wound healing technology group, along with its US-based subsidiary, Advanced Health Institute, Inc. (AHI) are pleased to announce that negotiations with Medistar, Inc., a subsidiary of Global Resources for Environmental Energy Needs, Inc. (GREEN), are nearing conclusion. According to the terms of the agreement, Medistar will offer International Advanced Healing Group's core wound healing products throughout Mexico.
In Mexico, diabetes is one of the top two causes of death, alongside heart disease. According to the Mexican Diabetes Federation, the disease is responsible for the deaths of 70,000 people each year. It is estimated that more than 10 million Mexicans, almost a sixth of the adult population, is affected by diabetes, largely because of increasingly inactive lifestyles and poor eating habits. Mexico has the sixth highest incidence of diabetes cases in the world.
The high percentage of diabetes sufferers amongst the Mexican population are expected to benefit from International Advanced Healing Group's proprietary pulsed electromagnetic field therapy (PEMF) Formulary which has been developed to deliver a superior treatment that could drastically reduce the amount of time taken to address chronic wounds such as pressure ulcers, which are common in diabetes sufferers.
A spokesperson for International Advanced Healing Group said, "Our subsidiary has been engaged in negotiations with Medistar for some time now and, in recent days, consensus has been reached on the locations in which Medistar will be authorized to offer our wound healing products and we hope to be in a position to make a formal announcement very soon."
It is envisioned that the deal with Medistar will build on Advanced Health Institute's current market by extending the group's PEMF care into a number of treatment facilities throughout Mexico.
About Advanced Health Institute, Inc.
AHI was formed in 2005 with a goal to provide a more effective and efficient clinical solution to heal chronic wounds. After a strategic reorganization in 2013, AHI is now positioned to move aggressively towards fulfilling its Vision: To transform the wound care segment of the healthcare industry by providing a Formulary process that improves the health and care of the patient while reducing the cost burden to all stakeholders. AHI has been a revenue-generating company since 2007 with the first two non-revenue producing years devoted to building algorithms, testing products, documenting case histories, comparing outcomes of AHS treated chronic wound patients with outcomes of patients treated by traditional protocols.
About International Advanced Healing Group, Ltd.
International Advanced Healing Group is a multinational company that has developed a trainable, repeatable, scalable system and protocol that is applicable across all types of wound care. Through their research and development IAHG has become the leader of information, technology and outcomes in the wound care field. No other area of health care has taken the time to collect the data that we have, data that drives the decision mechanism this system provides.
Safe Harbour Statement
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to MediStar, AHI, IAHG, or their management, and specifically their ability to close on the completion of the marketing agreement, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the competitive environment within the industry, the ability of the companies to continue to expand their operations, economic conditions in the industry and the financial strength of the companies' customers and suppliers. MediStar and AHI do not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
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