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SanguiBioTech: SastoMed Closes Contracts with Distribution Partners in Six Additional Markets in Eastern Europe
[February 03, 2015]

SanguiBioTech: SastoMed Closes Contracts with Distribution Partners in Six Additional Markets in Eastern Europe


SastoMed GmbH has informed Sangui of having closed contracts for initiating distribution and sales of the Sangui developed dressing material Granulox in six Eastern European countries. In 2015 the three Baltic countries will join the family of Granulox territories along with the Czech Republic, Slovakia and Hungary.

Like in three Scandinavian markets it will be an enterprise belonging to the Mediq group which will start initiating the distribution in Estonia, Latvia and Lithuania. Mediq Eesti OÜ (www.mediq.ee) is a wholesale company which has been successfully trading medical and health care products throughout the Baltic countries for many years. Its core business is in medical products and laboratory equipment. A care a.s. (http://www.acare.cz/cs) was entrusted with the Granulox business in the Czech Republic and in Slovakia. The company specializes in medical products, in particular in the ields of wound management, interventional cardiology and radiology as well as neuroradiology. Halley Pharma Ltd. (http://halleypharma.com) will look after the Hungarian market in which they already distribute a wide array of other wound management products.



In total there are distribution partnerships in place now for 40 countries worldwide, in 24 of which Granulox is already available for doctors and patients. In the remaining 16 countries market entry is scheduled for the next few months after the training of the sales force will have been completed, or after the local registration procedures will have been accomplished, respectively, which is the case in some Central and South American countries.

Sangui BioTech International, Inc. ("SGBI") is a holding company the shares of which are being traded on the OTCQB marketplace (www.otcmarkets.com: SGBI) and the OTC markets of Berlin and Hamburg-Hannover stock exchanges. Its purpose is to provide financing and access to the capital markets for the enterprises of the Sangui group. SanguiBioTech GmbH is a ninety percent subsidiary of Sangui BioTech International, Inc.


Some of the statements contained in this news release discuss future expectations, contain projections of results of operation or financial condition or state other "forward-looking" information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise


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