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Today’s Hot Stock is BioMagnetics Diagnostics Corp. (OTC: BMGP)
Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php
Company Profile: http://www.otcpicks.com/biomagnetics/biomagnetics.htm
Investors may want to have a look at Biomagnetics Diagnostics Corporation (OTC: BMGP). Through its wholly owned subsidiary Biospectrum Technologies, Inc., a company that has designed and patented revolutionary diagnostic equipment and immunoassays, Biomagnetics Diagnostics will identify market inadequacies and fill those needs with new technologies and highly specific and sensitive assays that are qualitative (yes/no) and quantitative (viral load/degree of infection), easily performed and cost effective. After the closing bell on Monday the Company announced that it is continuing formal negotiations to purchase an interest in Tianjin Automatic Science & Instrument Co. LTD.
Tianjin Automatic Science & Instrument is located in Tianjin, China's third largest city with a population of 9.5 million and a major comprehensive northern China industrial base. It has over 150 lines of industry consisting primarily of electronics, automobile, metallurgy, pharmaceuticals, textiles, chemicals and mechanics. By acquiring an interest in Tianjin Auto Science, Biomagnetics Diagnostics said the Company will gain access to over 1,250 distributors, a laboratory client base of 10,000 and skilled manufacturing in the business community's most exciting markets.
Biomagnetics Diagnostics also has received quotes to manufacturing their Assays from Shanghai Jing Ying Biotechnology Co., and said they are now conducting due diligence.
Additionally, Biomagnetics has entered into a memorandum of understanding with B.R.I.A., a leading healthcare service company of over 25 years that provides clinical laboratory service for hospitals, clinics and CROs., whereby B.R.I.A. will undertake the responsibility to represent Biomagnetics Diagnostics Corp. in acquiring the required Health Ministry approvals to perform clinical trials in Thailand on the HTS-MTP Diagnostic System, including the Company's proprietary HIV and Hepatitis B assays.
March 10 - Current Project for Biomagnetics Diagnostics Corp
Biomagnetics Diagnostics Corporation (OTC:BMGP), announced today that is continuing formal negotiations to purchase an interest in Tianjin Automatic Science & Instrument Co. LTD.
1) Auto Science is located in Tianjin, China’s third largest city with a population of 9.5 million. Tianjin is a major comprehensive industrial base in northern China. It has over 150 lines of industry consisting primarily of electronics, automobile, metallurgy, pharmaceuticals, textiles, chemicals and mechanics.
Tianjin Auto Science has been in business over 15 years. By acquiring an interest in Tianjin Auto Science, Biomagnetics Diagnostics will gain access to over 1,250 distributors, a laboratory client base of 10,000 and skilled manufacturing in the business community’s most exciting markets.
2) We have received quotes to manufacturing our Assays from Shanghai Jing Ying Biotechnology Co. and are now conducting due diligence.
3) Biomagnetics has entered into a memorandum of understanding whereby B.R.I.A. will undertake the responsibility to represent Biomagnetics Diagnostics Corp. in acquiring the required Health Ministry approvals to perform clinical trials in Thailand on the HTS-MTP Diagnostic System, including the Company’s proprietary HIV and Hepatitis B assays.
(BRIA is a leading company in healthcare service for over 25 years. They provide clinical lab services and distribute the rapid IVD test kits to hospitals and clinics in this region. Their business includes; Clinical laboratory service for hospitals, clinics and CROs.)
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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