Wound Management Technologies Reaches Agreement in Principle for Exclusive Distribution of CellerateRx(R) Product... ( FORT WORTH Texas Aug. 11 /- ...)

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Wound Management Technologies Reaches Agreement in Principle for Exclusive Distribution of CellerateRx(R) Products in Italy

Date:8/11/2009

FORT WORTH, Texas, Aug. 11 /PRNewswire-FirstCall/ -- Wound Management Technologies, Inc., (OTC Bulletin Board: WNDM) a rapidly growing provider of specialty medical products, announced today that its subsidiary Wound Care Innovations, LLC, has reached agreement in principle with Biocure S.r.l. of Milan, Italy for the exclusive distribution in Italy of Wound Care's patented collagen CellerateRx(R) products. The final contract is expected to be finalized by the end of September.

As part of the agreement, Biocure will assist Wound Care with obtaining a CE Mark for Cellerate.

Cathy Bradshaw, president of Wound Care Innovations, said, "This is an important first step in providing Cellerate to Europe and the broader global markets. Diabetes is a growing worldwide health problem. We are strongly focused in building a national and global distribution network so that those suffering from the effects of diabetes worldwide can have access to the important wound management capabilities of Cellerate. Clinicians are having amazing results with Cellerate, particularly with diabetic wounds, and studies continue to support this. We are looking forward to obtaining a CE Mark for Cellerate, which will facilitate the expansion of sales in Europe and elsewhere.

"Global projections for the diabetes epidemic show an increase from 189 million patients in 2003 to 324 million patients in 2025, an increase of 72%. This is significant as statistics show that every 30 seconds a lower limb is lost somewhere in the world as a consequence of diabetes. In fact, diabetic ulcers are estimated to occur in 15% of all patients with diabetes. The direct cost of an amputation is estimated to be between $30,000 - $60,000," Bradshaw said.

Giovanni Pinamonti, President of Biocure said, "We are pleased with the opportunity to
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SOURCE Wound Management Technologies, Inc.
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