News Release
Mexico distribution agreement signed
Date: 1999/04/15
International Wex Technologies Inc.(the Company) is pleased to
announce that they have
capitalized on the letter of intent with Angel Investments Ltd.
as outlined in our
December 18, 1998 news release. The Company has entered into an
exclusive distribution
agreement with an entity newly incorporated in British Columbia
by Angel Investments Ltd. d.b.a. Lifeline Pharmacorp, which will commence retailing the Company’s proprietary
product Tetrodin (HT) in Mexico.
Lifeline Pharmacorp will be marketing Tetrodin (HT) to North America
from Mexican clinics and hospitals.
Lifeline Pharmacorp expects ultimately to require 50 employees, the services
of 10 physicians, and projects annual gross revenue in excess of US$70 million .
Lifeline Pharmacorp is presently securing the necessary import documentation
for Tetrodin (HT) into Mexico. The Company will receive an opening order of US$120,000.00
once the import permit has been issued.
Mr. R.A. (Bob) Bedard, the president of Lifeline Pharmacorp may be reached
at (604) 725-3088 for any further information on Lifeline Pharmacorp.
International Wex Technologies Inc. will enjoy revenues as both a manufacturer
and supplier of Tetrodin(HT), as well as a 20% shareholder in Lifeline
Pharmacorp.
Tetrodin (HT) is a patented non-narcotic withdrawal treatment for Heroin
and all other opiates addictions.
For additional information on Tetrodin (HT), view the IWT website
at http://www.wextech.ca or
call Howard Milne at
604-683-8880 or 1-800-722-7549.
Per: Donna Shum, Corporate Secretary
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