| On January 23rd, 2002
Healthbridge Inc. <A rel="nofollow"
href="http://www.kongmail.com/e/c.cgi?j=20020520_31&e=3054833044&r=u8268&d=6&p=2">(OTC-BB -
HLBR) - (Berlin - HBZ) announced the acquisition of two
advanced technologies from a private German company, B.I.M.E.
GmbH. Healthbridge Inc. acquired both the Valides
Modular Infectious Medical Waste Disposal System, and
the Medides System, as well as all assets of the German
company B.I.M.E. GmbH. |
| <FONT face=Arial
color=#ffffff size=-1>Corporate Information |
| Exchange/Symbol |
OTCBB/HLBR |
| 52 week range |
$0.09 - 0.55 |
| Current Price |
$0.29XXXXX |
| Shares Outstanding |
16.78 MM |
| Owned by Directors/Officers |
+- 6% |
| Public Float |
Est. 7 M shares | | |
| The Agreement requires the
Company to pay the Sellers a total of $180,000 and 750,000
restricted shares in three installments. The company has paid the
first two installments of cash, equaling approximately $100,064 and
delivered the 750,000 restricted shares. The exact terms and
conditions of the Agreement are described in a form 8-K filing made
with the Securities and Exchange Commission ("Commission") on
February 12, 2002. The Agreement was amended on March 28, 2002 to
extend the payment date from March 31, 2002 to April 25, 2002 and on
April 10, 2002 converting the final cash payment into a promissory
note due in full on or before May 15, 2002. And on May 6, 2002 the
final payment was negotiated into three instalment of E21,000 each
due on May 15, June 15 and July 15, 2002. |
| INVESTMENT HIGHLIGHTS |
B.I.M.E. GmbH developed two
advanced technologies for the treatment of infectious medical wastes
generated by hospitals, laboratories, dental offices, clinics, blood
banks, and other facilities in the healthcare sector.
|
Healthcare facilities
generate millions of tons of infectious waste every year. In Germany
alone, hospitals dispose of more than 100,000 tons of infectious
waste annually, with an even greater amount of infectious wastes
being generated by blood banks, dialysis, medical research
facilities, dental offices and veterinary clinics.
|
With the introduction of the
"Clean Air Acts" many countries are enforcing environmental
regulations that are resulting in the closure of hospital
incinerators in many parts of North America, South America and
Europe.
|
The cost of off-site disposal
can be prohibitive, and the health and safety risks associated with
transporting these hazardous wastes as well as the risk of liability
in the event of accidents or contamination are encouraging hospitals
and other medical and healthcare facilities to seek alternative
means of managing infectious wastes.
|
With the healthcare sector
seeking a cost effective and risk free solution for disinfecting
medical wastes the on site solution is safer and far more
ecologically responsible than transporting infectious wastes for
processing and disposal off-site.
|
Healthbridge believes
that the patented Valides and the Medides Systems can
effectively quite environmental concerns and reduce the prohibitive
expenses associated with the disposal of infectious waste. The
reason why Valides and the Medides Systems can provide
both cost and performance advantages over other infectious waste
sterilization and disposal systems currently available, is due to
the innovative technology adopted in designing the system. Unlike
the large single chamber autoclaves now on the market, the
Valides and Medides Systems are modular and can be
scaled to customer's volume requirements. System modularity also
enables competitive pricing for both large and small customers. The
sterilization cycle is rapid, thereby facilitating high
productivity, and the simple computerized operating system requires
only one operator, even for larger hospitals. This system requires
no chemicals, as wastes are disinfected by means of a pulsed vacuum
and saturated steam, in accordance with the Federal Epidemic Act for
medical waste class A, B and C, for the disposal of infectious
waste.
|
Healthbridge, Inc. is
developing worldwide markets for the patented Valides Modular
Infectious Medical Waste Disposal System.
|
For more information on
Healthbridge Inc. please contact Cary Martin at toll free
1-866-606-0000 or 1-604-602-1717. E-mail user ccmartain at domain radiant.net
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