BioMedical Technology Solutions Holdings, Inc. (OTCBB: BMTL) has been quiet for many months, but broke the silence today with news of the execution of a new national distribution agreement with McKesson Medical-Surgical, Inc. and subsequent sales. McKesson has more than 300,000 customers and hundreds of sales representatives who will now be selling the BMTS Demolizer II medical waste processing systems. McKesson immediately upon execution sold multiple units and presented purchase orders to BMTS.
Company President and Chairman Gex “Jay” F. Richardson commented,
We are pleased to add such a great company to our distribution network. We are already realizing orders from McKesson customers and expect the orders to grow exponentially.
Shares of BMTL were trading in the area of 30 cents each at this time last year, but have since depreciated to $0.02 throughout 2011 since removing Donald Cox as Chief Executive Officer in January and going through a PR drought which only produced a handful of news early in the summer. Perhaps these new sales and distribution agreement will get the company cranking in 2012 as it has a tiny float of approximately 8 million shares, a completely unique product and a strong upside potential for its $670,000 market capitalization should the ball get rolling.
BioMedical Technology Solutions Holdings (BMTL) Stock Quote and News:
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