Visiomed on first production run for Funhaler 10:57, Friday, 8 September 2006
Sydney - Friday - September 8: (RWE Aust Business News) - Visiomed (ASX:VSG) is in the first production run for the Funhaler Incentive Asthma Spacer with manufacturing being carried out at the ITLAP facilities in Ipoh, Malaysia. The company commenced a major retooling project last November to improve manufacture of the Funhaler, significantly reducing costs. Back orders are to be filled first for Israel and Singapore as well as for samples for markets in the US, Europe and Japan. The company is now ready to "aggressively pursue international sales" chief executive William Dolphin said. The shares were up 0.6 to 2.1c.
VSG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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