BioMedical Technology Solutions Holdings, Inc. (BMTL.OB) Announces the Signing of a Letter of Intent with New International Distributor
BioMedical Technology Solutions Holdings, Inc. ("BMTS") announced yesterday the signing of a Letter of Intent (LOI) with a new international distributor, JATA Technology Solutions Ltd. The targeted performance goal is the sale of 250 to 500 Demolizer® II units throughout the calendar year 2011. The value of the contract, at standard pricing, will represent revenues of more than $2 million for BMTS. This more than doubles the number of orders in 2010. The distributor intends for distribution to focus initially on the largest country in Africa, where insufficient biomedical waste management has reached epic proportions and demand is strong for…