DANBURY, Conn., May 14 /PRNewswire-FirstCall/ -- MedEx Corp.
(OTC Bulletin Board: MDEX), announced today that it has closed on its
previously announced Letter of Intent to merge with STG Corp.
"We believe there exists a tremendous opportunity in providing U.S
emerging growth medical device OEMs, access to high growth regions, such as
the Black Sea Economic Zone," stated MedEx's Chairman Marion Day.
MedEx's CEO Irvin R. Dyer, III further commented, "The MedEx management
team leverages decades of experience in foreign trade, international
healthcare and past success in bringing U.S. based medical equipment OEMs and
new technologies into these territories. These companies are seeking growth
in markets abroad, while the national governments of the regions search for
innovative solutions, in providing their constituents access to state of the
art healthcare systems. MedEx is poised to benefit from a convergence of
MedEx Corp. was advised on the transaction by Boston-based merchant bank
Dutchess Advisors, Ltd.
MedEx Corp. provides end to end solutions to bring U.S. medical
technologies and equipment into high growth, developing markets. The Company
is initially focused on the Black Sea Economic Zone, a region of nearly
200 million people, which includes countries such as Romania, Bulgaria,
Ukraine, Belarus, Greece, Turkey, Serbia, Croatia, Slovenia, Slovakia and
Additionally, MedEx owns and operates an Imaging Diagnostic Center in
Romania, which provides clinical services for patients on MRI and CT Scanning.
This center and the planned roll out of other imaging centers, also provides
MedEx with qualified medical environments for introducing new U.S. medical
technologies and devices, and can be replicated in select markets.
In conjunction with the provisions of the Safe Harbor section of the
Private Securities Litigation Reform Act of 1995, this news release may
contain forward-looking statements pertaining to future anticipated projected
plans, performances and developments, as well as other statements relating
future operations. All such forward-looking statements are necessarily only
estimates of future results and there can be no assurance that actual results
will not materially differ from expectation. Further information on potential
factors that could affect MedEx Corp., is included in the Company's filings
with the Securities Exchange Commission.
Further information on MedEx Corp. can be obtained by visiting the
Company's website at http://www.medexcorp.com.
Further information on Dutchess Advisors, Ltd. can be obtained by visiting
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SOURCE MedEx Corp.
/CONTACT: Michael Novielli of MedEx Corp., +1-203-748-6361 /
/Web site: http://www.medexcorp.com.
CO: MedEx Corp.; STG Corp.
IN: OTC HEA MTC
-0- May/14/2002 13:31 GMT
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