Technologies Scan Corp Completes Acquisition. Enters $55 Billion Pet Therapeutic Market.
MONTREAL, March 24, 2014 /PRNewswire/ --
Technologies Scan Corp, (OTCQB: TENP), is pleased to provide shareholders with an update of recent activity within the company.
On February 13th, 2014, the company filed an 8-K with the Security and Exchange Commission, informing the public of our recent signing, of a Binding Letter of Intent to acquire PetVivo Inc. A MN based Corporation in the Pet Therapeutics Market.
The worldwide Pet Therapeutics Market is a $55 Billion Market with a 6% Annual growth rate. This emerging therapeutics market has proven to be insensitive to more recent recessionary environments.
About PetVivo Inc: PetVivo Inc. is based in Minneapolis, Minnesota. It is an emerging biomedical device company focused on the licensing and commercialization of innovative medical devices for pets, or pet therapeutics.
PetVivo believes that it can leverage the investments in the human bio-materials and medical device industries to commercialize therapeutics to pets in a capital and time efficient way. PetVivo's strategy is to in-license proprietary products from human medical device companies specifically for use in pets. A key component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market much earlier than the more stringently regulated pharmaceuticals.
"Now that the Acquisition is complete, having already built the foundation for PetVivo as a private company. I now plan on expediting PetVivo's business plan to position us for rapid growth. I have a Six month agenda, that will be discussed in upcoming releases. I would like to sincerely thank Ms. St-Hilaire and her loyal shareholders, for such a warm welcome. I look forward to growing and building shareholder value, for current and future shareholders," stated John Lai, Incoming CEO.
John Lai
CEO
Technologies Scan Corp.
Contact:
John Lai CEO
[email protected]
+1-612-296-7305
SOURCE Technologies Scan Corp
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