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Date: 21 May 2002 07:35:44 -0700

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On January 23rd, 2002 Healthbridge Inc. <A rel="nofollow" href="">(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.
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

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