UNITRACT LIMITED 2002-11-25 ASX-SIGNAL-G
HOMEX - Adelaide
+++++++++++++++++++++++++
Unitract Ltd ("Unitract" ASX code: UNI) today announced the signing
of a contract with Carpe DM Inc, ("CDM") of the United States to
assist Unitract Ltd penetrate the world's largest syringe market.
Unitract Ltd has engaged CDM to be its exclusive representative in
the United States to arrange direct sales, strategic alliances,
partnerships, manufacturing agreements, royalty agreements and any
other agreements that will result in sales, revenue and gross
receipts outside the harm reduction industry.
CDM and its President Mr Fine have had significant experience in
pharmaceutical, consumer products, media and investor relations,
manufacturing, financial services, Internet systems and accounting.
Mr David Riekle, Chairman of Unitract Ltd said Mr Fine and CDM would
play a key role in Unitract fulfilling its objectives of gaining
product approval and acquiring market share within the United States.
"Mr Edward Fine and Carpe DM Inc have the corporate profile and
expertise Unitract Ltd requires to help it penetrate target markets
within the United States," Mr Riekle said.
During his forty-year career, Mr Fine has served as the CEO of
Dyna-Lease Corporation, Newtron Pharmaceuticals, Inc and
Biopharmaceuticals, Inc, as well as holding management and executive
positions with Reliance Group and Plizer Inc.
Unitract Ltd is committed to helping reduce the global transmission of
blood borne diseases caused by accidental needle stick injuries and
the sharing of unsafe or used syringes via the production and supply
of retractable syringe technology.
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