Medicexchange Signs Preliminary Agreement to Acquire Chinese Company Maydeal.com
Combined Company to deliver one of the largest Medical Imaging portals in the Chinese Marketplace.
London, UK (PRWEB) February 12, 2008 -- Medicexchange PLC (Subsidiary of MGT Capital Investments Inc, Amex: MGT) today announced the signing of a preliminary agreement to acquire the Chinese online business Maydeal.com in a part stock, part cash transaction.
The acquisition of Maydeal.com will extend Medicexchange's existing online and business and dealer network in China significantly. The combined business will provide one of the largest online sources of Medical products, news and services to Chinese Medical Imaging professionals, hospitals and manufacturers.
Medicexchange provides Western medical equipment manufacturers with a complete service to enter the Chinese marketplace including regulatory, translation, marketing and sales. The Maydeal.com acquisition will support this business model with an extensive online presence in China.
Medicexchange has existing offices in Beijing and the acquisition of Maydeal.com will extend this with offices and teams in Shanghai.
Subject to due diligence, the full agreement and acquisition is likely to be completed by the end of March 2008.
Medicexchange PLC owns and operates Medicexchange.com and is a subsidiary company of MGT Capital Investments Inc. Product and company information can be found on www.mgtci.com. Stock symbol: MGT.
Medicexchange.com was launched in Chicago in November 2006 to provide Medical Imaging professionals with a sales, jobs and information channel for diagnostic, treatment and surgery planning solutions for breast imaging,cardiac imaging, musculoskeletal imaging, abdominal-pelvic imaging, thoracic imaging and neuro imaging from a range of different companies. The Medicexchange product directory includes an innovative per-study licensing approach together with free trial downloads of many products to allow radiologists to 'try before they buy', complementing the free daily medical imaging news. To ensure radiologists are given the best service possible, all users of Medicexchange are provided with free customer support.
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