CLX Medical, Inc. Issues August 2008 Newsletter Highlighting Planned Acquisition of the ThyroTest(R) Rapid Screening Device
2008-08-18 09:44:00
CLX Medical, Inc. Issues August 2008 Newsletter Highlighting Planned Acquisition of the ThyroTest® Rapid Screening Device
Newsletter Also Covers Additional Recent Announcements Regarding New Master Distributor for European Market and CEO Q&A
MURRIETA, CA–(EMWNews – August 18, 2008) – CLX Medical, Inc. (
focused on the launch and distribution of unique medical diagnostic testing
products, today announced the release of the company’s August 2008 investor
newsletter, which highlights the company’s recent announcement of a letter
of intent with ThyroTec, LLC to acquire ThyroTest®, a rapid thyroid
stimulating hormone (TSH) screening device used for the detection of
hypothyroidism in adults, a common thyroid disease.
A PDF version of the August 2008 newsletter can be viewed on the company’s
corporate website at http://www.clxmedical.com/newsletters.php.
With the letter of intent announced, CLX will now proceed toward a
definitive agreement for the acquisition of ThyroTest®, which would be
positioned in a wholly owned subsidiary of CLX Medical. ThyroTest® is
FDA cleared and has also achieved CLIA waived status, so the test can be
administered in the more than 100,000 CLIA waived doctors’ offices in the
U.S., as well as in any non-waived laboratory.
In addition to the planned acquisition of ThyroTest®, the newsletter
reviews agreement with LETI Laboratories, a Barcelona-based
biopharmaceutical company that operates with exclusive distributors in
countries across Europe, to serve as the sole importer of CLX’s subsidiary
products into the European market. As Master Distributor for CLX products,
LETI Laboratories will provide product support and product packaging
control; coordinate sales to other European distributors; distribute the
company’s products in Spain and Portugal; act as the registered EU
representative for CE marked products; serve as the one point of entry for
CLX products into Europe; and assist with the development and
implementation of pricing structures.
In the place of a CEO Greeting, a CEO Question and Answer featuring Vera
Leonard that was recently posted to the CLX Medical website has been
included in the newsletter.
“The announcement of ThyroTest® as the targeted acquisition for CLX and
the selection of LETI Laboratories to serve as the sole importer of CLX’s
subsidiary products into the European market are both milestone events for
the company, and we are pleased to have the opportunity to review them in
our investor newsletter,” stated Ms. Leonard. “As important as these
announcements are, we expect additional significant events to follow, and
we hope that shareholders will continue to monitor the evolving story of
CLX Medical.”
To sign up to receive information by email directly from CLX Medical, Inc.
when new press releases, investor newsletters, SEC filings, or other
information is disclosed, please visit
http://www.clxinvestments.com/email.php.
About CLX Medical, Inc.
CLX Medical, Inc. (www.clxmedical.com) holds a 51% equity interest in
Zonda, Inc. (www.zondaincusa.com), which has developed several rapid point
of care tests for medical and non-medical markets, including a rapid test
for Chlamydia. CLX recently announced a letter of intent to acquire
ThyroTest®, a rapid thyroid stimulating hormone (TSH) screening device
used for the detection of hypothyroidism in adults, a common thyroid
disease. CLX Medical is focused on the successful worldwide distribution
of these and any additional products it may acquire or license.
All statements included in this release, including statements regarding
potential future plans and objectives of CLX Medical, Inc. are
forward-looking statements. Such statements are necessarily subject to
risks and uncertainties, some of which are significant in scope and nature
beyond CLX Medical’s control. There can be no assurance that such
statements will prove accurate. Actual results and future events could
differ materially from those anticipated in such statements depending on
many factors. Historical results are not necessarily indicative of future
performance.
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