AWT, Inc. Continues Rapid Expansion in Middle East
09 October 2007 - 11:00PM
PR Newswire (US)
Specialty Healthcare Company Announces International Office
Development in Saudi Arabia SOMERSET, N.J., Oct. 9
/PRNewswire-FirstCall/ -- AWT, Inc. (Pink Sheets: AWTM), through
its wholly owned subsidiary AWT International, Inc., has opened new
sales offices in Saudi Arabia. AWT, Inc., distributes
state-of-the-art medical equipment and general supplies to the U.S.
healthcare industry. The Company has hired 2 highly experienced
executives to run the Middle Eastern operations. Both Mr. Suhail
Muzaffar and Mr. Shahid Khawaja will hold the President and CEO
positions of the Company. "Overall care in the Saudi Arabia
Healthcare system has seen a growth pattern between 1989 and 2004
that far exceeds the United States," Christopher J. Neill, the
company's CEO commented. "From 2004 to present, the growth from
just an expenditures viewpoint has more than tripled." Sources at
the company say business for the Middle Eastern region will be run
from the Dammam, Saudi Arabia location. Additional offices and
distribution points for AWT, International in Saudi Arabia are in
Riyadh in the Central Province, and in Jeddah in the Western
Province of the country. "One of our most important goals is to
make access to state-of-the-art Healthcare equipment seamless, cost
effective and personal, no matter where you are in the world. Mr.
Khawaja and Mr. Muzaffar come to us with 30 years of business
knowledge and experience in the Middle East. Their understanding
and contacts have quickly established AWT as a new, growing Company
in the region," Neill stated. The Company has registered with the
Ministry of Health and is in process of registering with the
Ministry of Commerce, Ministry of Education and the National Guard.
Neill continued, "These governmental agencies will give us access
to every level of direct sales and government bidding for
Healthcare any serious Company needs for success in the country."
"There is a growing need for specialized, high efficacy wound care
equipment amongst the Healthcare Academic and Research community
within Saudi Arabia. Collaborating with this community, especially
with Ministry of Health as a bidding participant for their
healthcare needs is a great opportunity for AWT," said Shahid
Khawaja, Co-President & CEO AWT International, Inc. "Our
commitment to the region is genuine to the extent that we have
committed $150,000 in resources for the next 12 months to increase
our presence in Saudi Arabia. The first third of the resources
should be fully committed in the next few months," commented
Christopher J. Neill, CEO of AWT. About AWT Inc. AWT Inc.,
headquartered in Somerset, New Jersey, with Distribution centers in
the USA and Saudi Arabia, is a rapidly expanding durable medical
equipment and supply company. It distributes state-of-the-art
medical equipment to the healthcare industry, as well as general
supplies. AWT Inc. is committed to a more traditional personal
service commitment to healthcare and cost efficiencies for clients,
providing superior service and products to the healthcare world at
the lowest possible price and with delivery times superior to any
in the industry. It is equally committed to always exceeding
customer expectations and to increasing shareholder value. Safe
Harbor Statement: CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING
STATEMENTS The international operations described in this press
release have only just initiated and no guarantee of revenue
success can be made. It is the intention of AWTM to work with all
governmental agencies involved with healthcare to compete in direct
sales and as many bidding processes available to the company within
the country of Saudi Arabia. No guarantee can be made by the
company as to if the acquisition of contracts or the winning of
bids mentioned herein will actually take place and close. If the
sales do not close or bids are not won actual results could differ
materially from those projected in the forward-looking statements.
This press release contains "forward-looking statements," which are
statements related to future, not past, events. In this context,
the forward-looking statements often include statements regarding
our goals, plans, projections and guidance regarding our financial
position, results of operations, market position, pending and
potential future acquisitions and business strategy, and often
contain words such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks" or "will." Any such forward-looking statements
are not assurances of future performance and involve risks and
uncertainties that may cause results to differ materially from
those set forth in the statements. These risks and uncertainties
include, among other things, (a) general economic and business
conditions, (b) the level of strategic partner incentives, (c) the
future regulatory environment, (d) our cost of financing, (e) our
ability to complete acquisitions and dispositions and the risks
associated therewith, and (f) our ability to retain key personnel.
These factors, as well as additional factors, could affect our
forward-looking statements. We urge you to carefully consider this
information. We undertake no duty to update our forward-looking
statements, including our earnings outlook. DATASOURCE: AWT, Inc.
CONTACT: Stuart T. Smith, Smallcapvoice.com., Austin,
+1-512-267-2430, , for AWT, Inc. Web site: http://www.awtmid.com/
Copyright