Contact Information: Press Contact: Paulette Brown Brown Communications Inc. 770-577-3881 Timothy D.C. McInerney KOL Bio-Medical Instruments, Inc. 703.378.8600
KOL Bio-Medical Instruments, Inc. and Megadyne Jointly Approved as a Government Service Administration Schedules Supplier
| Source: Megadyne Medical Products, Inc.
CHANTILLY, VA and DRAPER, UT--(Marketwire - August 26, 2009) - The partnership of KOL
Bio-Medical Instruments, Inc. (KOL), a Service Disabled Veteran Owned
specialty medical device distributor, and Megadyne, an end-to-end,
full-solution electrosurgical equipment and accessory
developer/manufacturer, has resulted in KOL being awarded a Federal Supply
Schedule contract to provide the Megadyne product line. KOL is a Service
Disabled Veteran Owned Small Business (SDVOSB).
Under the terms of the agreement, Megadyne's entire product line of
electrosurgical electrodes and other surgical devices are eligible for
streamlined acquisition by the US Department of Veterans Affairs (VA) and
all other government agencies, including the Department of Defense, and
will be distributed by KOL Bio-Medical Instruments.
A Federal Supply Schedule (FSS) is an unfunded, five-year contract (with
three additional five-year options) between the federal government and a
commercial vendor that acts as a pricing agreement for what a contractor
will charge federal buyers for its products and services.
To become an approved supplier, contractors are required to complete an
extensive application process. Negotiating best pricing, terms and
conditions for the products or services available for acquisition is the
primary driver of the Federal Supply Schedule system.
"Being awarded a GSA schedule contract is a tremendous opportunity," said
Tim McInerney, President & CEO of KOL Bio-Medical Instruments, Inc. "We
have had a strong partnership with Megadyne for the past seven years and
its electrosurgical product line is a valuable and integral part of our
medical device offerings."
"Working with KOL Bio-Medical enhances our ability to contract with the VA
and all other federal agencies with our electrosurgical, cost-effective and
environmentally-friendly products to support their efforts of providing
superior services and care to veterans and military personnel while also
resulting in cost savings," said Wayne Chappell, Vice President of
Worldwide Sales at Megadyne.
The GSA Schedules Program, also referred to as Multiple Award Schedules and
Federal Supply Schedules, are indefinite delivery, indefinite quantity
(IDIQ) contracts that are available for use by federal agencies worldwide.
Public Law 106-50 passed August 17, 1999 states:
"The Government-wide goal for participation by small business concerns
owned and controlled by service-disabled veterans shall be established at
not less that 3 percent of the total value of all prime
contract/subcontract awards for each fiscal year."
This was reinforced by Executive Order 13360 in 2004 which gives agency
contracting officers the authority to reserve certain procurements for
service-disabled veteran owned businesses.
About KOL Bio-Medical Instruments, Inc.
Founded in 1971 in Fairfax, Virginia, KOL Bio-Medical (www.KOLBIO.com) is a
certified Service Disabled Veteran Owned Small Business, and a specialty
medical device distributor committed to bringing emerging medical
technologies to market.
About MEGADYNE
MEGADYNE, (www.megadyne.com), is the recognized authority on non-stick
electrosurgical electrodes and cost-effective surgical devices.