Kositech Scientific AG of Singapore Announces Grass Lake Michigan as the Location of its New North America Headquarters

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Construction and renovations began this month on the new North American Headquarters of Kositech Scientific AG. The Grass Lake, Michigan complex represents a consolidation of Kositech’s North American Operations and will replace the current offices in Toronto and Los Angeles.

Kositech plans to have the construction and renovations completed, and to fully occupy the Grass Lake complex by September of 2008. The new complex will contain the administrative, clerical and sales offices for Kositech Scientific’s American Operations

Construction and renovations began this month on the new North American Headquarters of Kositech Scientific AG. The facility was formerly the Cedar Knoll Care Center, located at 9230 Cedar Knoll Drive, Grass Lake, Michigan. This 53,000 square foot complex is located on a park like setting at Race Road and I-94, halfway between Detroit, Michigan and Chicago, Illinois. The Grass Lake complex represents a consolidation of Kositech’s North American Operations and will replace the current offices in Toronto, Canada and Los Angeles, California by the end of next year.

"Kositech plans to have the construction and renovations completed, and to fully occupy the Grass Lake complex by September of 2008. The new complex will contain the administrative, clerical and sales offices for Kositech Scientific’s American Operations," said Mr. Steven J. Winston, Executive Vice President and CFO for Kositech Scientific AG. "This is the latest move in Kositech Scientific AG's aggressive expansion into the US market. The headquarters in Grass Lake will be within 75 miles of our new 270,000 square foot research campus in metropolitan Detroit, which is scheduled to open by the end of next year."

The Grass Lake complex will directly employ approximately 175 people, and will bring over 100 new jobs to the Grass Lake area. The Grass Lake complex represents a $10,000,000 USD investment in the future of Kositech Scientific AG.

About Kositech Scientific AG
Kositech Scientific AG is a AAA rated, privately held corporation with over 6,000 employees worldwide. Currently Kositech is involved in research and development of medical equipment, durable medical supplies and in pharmaceutical research and development. Kositech's corporate headquarters is located in the heart of Singapore's financial district. Kositech also maintains a large research and development campus in Bangkok, Thailand, manufacturing in Accra, Ghana and China, as well was numerous sales offices worldwide.

Contact:
Steven J. Winston, EVP/CFO
Kositech Scientific AG
http://www.kositech.com

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