WIRELESS NEWS-September 4, 2007-Meridian Inks US$3.5 Million Sales Contract with Enterone (C)2007 10Meters - http:// www.10meters.com
Meridian Co., a company in the research, development, manufacturing and sales of advanced medical equipment, is pleased to announce that it has signed a contract with Enterone Co. for exclusive marketing and distribution of Meridian's Digital Pulse Analyzer (DPA) in Korea.
Their exclusive distributorship for the DPA is based on a minimum order volume equal to sales of approximately US$3.5 million over the next 3 years. Under the terms of the agreement, Enterone has pre- paid 300,000,000 Korean Won (approximately US$320,000) to Meridian for the first portion of the initial purchase order.
The initial marketing focus of Enterone will be the growing health and wellness industry within Korea, specifically wellness and anti-aging clinics. Enterone is expanding its marketing efforts into the rapidly growing medical device industry. Executives at Enterone believe the unique line of Meridian's non-invasive health care devices is perfectly paired to capture a share of today's expanding wellness market.
