Specialty Healthcare Company Announces International Office Development in
SOMERSET, N.J., Oct. 9 /PRNewswire-FirstCall/ -- AWT, Inc. (Pink Sheets: AWTM), through its wholly owned subsidiary AWT International, Inc., has opened new sales offices in Saudi Arabia.
AWT, Inc., distributes state-of-the-art medical equipment and general supplies to the U.S. healthcare industry.
The Company has hired 2 highly experienced executives to run the Middle Eastern operations. Both Mr. Suhail Muzaffar and Mr. Shahid Khawaja will hold the President and CEO positions of the Company.
"Overall care in the Saudi Arabia Healthcare system has seen a growth pattern between 1989 and 2004 that far exceeds the United States," Christopher J. Neill, the company's CEO commented. "From 2004 to present, the growth from just an expenditures viewpoint has more than tripled."
Sources at the company say business for the Middle Eastern region will be run from the Dammam, Saudi Arabia location. Additional offices and distribution points for AWT, International in Saudi Arabia are in Riyadh in the Central Province, and in Jeddah in the Western Province of the country.
"One of our most important goals is to make access to state-of-the-art Healthcare equipment seamless, cost effective and personal, no matter where you are in the world. Mr. Khawaja and Mr. Muzaffar come to us with 30 years of business knowledge and experience in the Middle East. Their understanding and contacts have quickly established AWT as a new, growing Company in the region," Neill stated.
The Company has registered with the Ministry of Health and is in process of registering with the Ministry of Commerce, Ministry of Education and the National Guard.
Neill continued, "These governmental agencies will give us access to every level of direct sales and government bidding for Healthcare any serious Company needs for success in the country."
"There is a growing need for specialized, high efficacy wound care equipment amongst the Healthcare Academic and Research community within Saudi Arabia. Collaborating with this community, especially with Ministry of Health as a bidding participant for their healthcare needs is a great opportunity for AWT," said Shahid Khawaja, Co-President & CEO AWT International, Inc.
"Our commitment to the region is genuine to the extent that we have committed $150,000 in resources for the next 12 months to increase our presence in Saudi Arabia. The first third of the resources should be fully committed in the next few months," commented Christopher J. Neill, CEO of AWT.
About AWT Inc.
AWT Inc., headquartered in Somerset, New Jersey, with Distribution centers in the USA and Saudi Arabia, is a rapidly expanding durable medical equipment and supply company. It distributes state-of-the-art medical equipment to the healthcare industry, as well as general supplies.
AWT Inc. is committed to a more traditional personal service commitment to healthcare and cost efficiencies for clients, providing superior service and products to the healthcare world at the lowest possible price and with delivery times superior to any in the industry. It is equally committed to always exceeding customer expectations and to increasing shareholder value.
Safe Harbor Statement:
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
The international operations described in this press release have only just initiated and no guarantee of revenue success can be made. It is the intention of AWTM to work with all governmental agencies involved with healthcare to compete in direct sales and as many bidding processes available to the company within the country of Saudi Arabia. No guarantee can be made by the company as to if the acquisition of contracts or the winning of bids mentioned herein will actually take place and close. If the sales do not close or bids are not won actual results could differ materially from those projected in the forward-looking statements. This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
|SOURCE AWT, Inc.|
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