BRADENTON, Fla., March 5, 2004 (PRIMEZONE) -- Power3 Medical Products, Inc. (OTCBB:PWRM) announced today they are in the final process of obtaining CE product designation required to initiate International sales of their SutureMate(r) product. The CE Mark is a requirement which products must meet in order to be sold in the European market, including stringent safety and performance requirements.
According to the CEO of Power3, Tim Novak, "We are very excited to be finalizing the CE mark for our innovative SutureMate device. This enactment by the Medical Devices Directive to regulate and monitor the sale of all medical devices in Europe is a big step in the safety device market. I believe that the CE Mark designation opens up tremendous opportunity in the European market."
This new designation is part of the aggressive marketing campaign being launched in tandem with DeRoyal Medical (www.deroyal.com) for the sale of the SutureMate safety device under their "SurgiMate" safety product line. DeRoyal is headquartered in Powell, TN, and maintains a strong presence in Europe with their main operations facility located in Ireland.
DeRoyal Medical manufactures products for acute care, patient care and wound care. The company entered the export business in 1992 when it established a manufacturing and distribution center in Kells, Ireland. Since then, DeRoyal has expanded its export business to five trading regions - the Middle East and Africa, Asia, Europe, Latin America and Canada.
Power3 Medical Products, Inc. (pronounced "Third Power Medical Products") has a strategic focus to acquire, create and deploy innovative healthcare and bio-tech products and service solutions that clearly enhance the effectiveness, viability and well being of those they serve on a worldwide scale. They project with the new CE and International marketing efforts taking place that SutureMate utilization and international sales will grow to 50,000 units per month by year end 2004, resulting in gross revenues exceeding two million dollars per year for this product line.
Safe-Harbor Statement
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