BEIJING, March 14, 2011 /PRNewswire-Asia-FirstCall/ -- Dehaier Medical Systems Ltd. (Nasdaq: DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products in China, today announced that it has signed a distribution agreement with Shanghai Haopu Medical Instruments Co. Ltd. to become a regional distributor of eVent Medical's inspiration ventilator in the Chinese market.
Under the agreement, Dehaier will sell eVent's inspiration ventilators to hospitals, clinics and medical facilities through its direct sales force and nationwide network of over 2,000 dealers and distributors.
"Continued expansion of our portfolio of agent products is a key growth engine for our medical device business. The addition of new, high-quality products such as the eVent ventilator allows us to address new segments of the market, while creating potential inroads for our branded medical devices and homecare products. We believe Shanghai Haopu's choice of Dehaier is further evidence of our strong industry reputation and our efficient sales distribution network," said Mr. Ping Chen, CEO of Dehaier.
About Dehaier Medical Systems Ltd.
Dehaier Medical Systems is an emerging leader in the development, assembly, marketing and sale of medical products in China, including respiratory and oxygen homecare medical products. The company develops and assembles its own branded medical devices and homecare medical products from third-party components. The company also distributes products designed and manufactured by other companies, including medical devices from IMD (Italy), Welch Allyn (USA), HEYER (Germany), Timesco (UK), ResMed (Australia), eVent Medical (US) and JMS (Japan). Dehaier's technology is based on two patents, six pending patents, and proprietary technology. More information may be found at http://www.chinadhr.com.
About eVent Medical:
eVent creates and offers reliable, innovative, high technology products and services enabling clinicians to provide world-class respiratory care and treatment. Learn more at http://www.event-medical.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
In the US:
The Piacente Group, Inc.
Brandi Floberg or Lee Roth
The Piacente Group, Inc.
Dehaier Medical Systems Limited
Investor Relations Manager
+86 10-5166-0080 ext 169
SOURCE Dehaier Medical Systems Ltd.