Home
Learn More
Features & Pricing
Success Stories
Contact Us
Search Archives
PRWeb Direct
Submit Release
August 29, 2008
 
Industry Categories  
News by Country  
News by MSA  
Todays News  
Browse by Day  
PR Trackbacks™  
Featured Videos  
ViewNews™  
eBook Digests  
RSS  
PRWeb, a leader in online news and press release distribution, has been used by more than 40,000 organizations of all sizes to increase the visibility of their news, improve their search engine rankings and drive traffic to their Web site.
 
All Press Releases for January 25, 2001 Subscribe to this News Feed      
 

LONGPORT INTERNATIONAL LTD. ANNOUNCES SALE OF

Contacts:

Stanley Wunderlich
Consulting For Strategic Growth, Ltd.
Public Relations
Corporate Development Consultants
Tel: 800-625-2236
Fax: 516-625-4523
Email: cfsg@iname.com

James R. McGonigle
Chairman, CEO
Longport, Inc.
Tel: 800-289-6863
Fax: 610-328-7017
Web: www.longportinc.com

Paul Wilson
Longport International, Inc.
Holly House, Holly Lane
Silchester, UK, RG7 2NA
Tel: 44 0 118 9701 759
Fax: 44 0 118 9701 613
Web: www.Longportintl-intl.com

SWARTHMORE, PA – January 19, 2001 – Longport International Ltd., a wholly owned subsidiary of LONGPORT INC., (OTCBB: LPTI) developer of the Longport Digital Scanner, has sold its first high-resolution ultrasound scanner to a leading multi-national pharmaceutical company following a rental period. This scanner is being used to evaluate the effectiveness of a pharmaceutical product under development.

The company views this sale as particularly important as it represents the first sale where the scanner is being used to evaluate the effectiveness of a pharmaceutical or other healthcare product. Given the global trend to evidence-based medicine, Longport believes that many opportunities exist to use its technology to assess or aid the development of a broad range of cosmetic, pharmaceutical and other products that impact the skin or immediate underlying soft tissue.

Additionally, in an unrelated event, Longport Inc. announced an extension of its non-binding letter of intent with Smith & Nephew (NYSE: SNN). The two companies have mutually agreed to pursue a marketing and distribution agreement.

For additional information, to receive a video, and/or to add your name to receive information about Longport, Inc., please call CFSG at 1-800-625-2236.

# # #

This press release may contain certain forward-looking statements that relate to LONGPORTS future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events of future results to differ from those discussed herein. Such factors include, among others: LONGPORTS recent change in its business model, fluctuating quarterly operating results, expectation of future losses, dependence on its current product lines, lack of long-term commitments with customers, dependence on manufacturers and strategic relationships, product delays, the difficulty of protecting proprietary rights, the ability to manage growth and attract and retain additional personnel, the potential for defects in its products, risks from international operations, its ability to raise capital in the future, competition, its ability to manage technological change and respond to evolving industry standards, government regulation and Year 2000 software issues. Investors are advised to read LONGPORTS Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission for a fuller discussion of these and other risks and uncertainties.

OPTIONS
Printer Friendly Version
Email this story to a colleague
CONTACT INFORMATION
Barbara Coen
Consulting For Strategic Growth, Ltd.
Email us Here
ATTACHED FILES

There are no multimedia files attached to this release. If this is your release, you may add images or other multimedia files through your login.

ABOUT PRESS RELEASES
If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PRWeb. We will be unable to assist you with your inquiry. PRWeb disclaims any content contained in these releases. Our complete disclaimer appears here.
 
Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release.
Please do not contact PRWeb®. We will be unable to assist you with your inquiry.
PRWeb® disclaims any content contained in these releases. Our complete disclaimer appears here.

© Copyright 1997-2008, Vocus PRW Holdings, LLC.
Vocus, PRWeb and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Terms of Service | Privacy Policy | Copyright