By: jacques1867
09 Oct 2003, 08:32 AM EDT
Msg. 20357 of 20360
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News!! Order from Bostwana
(COMTEX) B: Calypte Receives Initial Order From Botswana Mistaire LLC Appo
nted Non-Exclusive Distributor For Botswana ( PRNewsw
B: Calypte Receives Initial Order From Botswana Mistaire LLC Appointed Non-Exclu
ive Distributor For Botswana ( PRNewswire-FirstCall )
ALAMEDA, Calif., Oct 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Calypte
Biomedical Corporation (OTC Bulletin Board: CYPT), the developer and marketer of
the only two FDA approved HIV-1 antibody tests that can be used on urine
samples, as well as an FDA approved serum HIV-1 antibody Western blot
supplemental test, announced that it has agreed to appoint Mistaire LLC as its
non-exclusive distributor for Botswana.
Mistaire's initial order for 50,000 EIA tests is intended to be used primarily
for evaluations in Botswana prior to registration. In April of 2003, Mistaire
LLC was appointed as Calypte's distributor for the six countries of the Gulf
Cooperative Council.
Tony Cataldo, Calypte's Executive Chairman stated, "We have enjoyed a productive
relationship with Mistaire since appointing them for the GCC, and we know the
company's drive and capabilities. We are happy to extend their territory, and
have every reason to believe that both parties will find this new arrangement
beneficial."
Botswana is a country of just 1.5 million people and is located directly north
of South Africa. Botswana is deeply impacted by the HIV epidemic, and June 2000
statistics compiled by the U.S. Census Bureau, HIV/AIDS Surveillance Data Base
estimate an overall adult HIV prevalence of 36%.
BJ Harid, President of Mistaire said, "Although the country is small, its
struggle with HIV is not. The scope of the HIV problem in Botswana underscores
the need for innovative approaches, and we are pleased to play a role in
bringing the painless and non-invasive urine testing approach to the country."
Calypte Biomedical Corporation headquartered in Alameda, California, is a public
healthcare company dedicated to the development and commercialization of
urine-based diagnostic products and services for Human Immunodeficiency Virus
Type 1 (HIV-1), sexually transmitted diseases and other infectious diseases.
Calypte's tests include the screening EIA and supplemental Western Blot tests,
the only two FDA-approved HIV-1 antibody tests that can be used on urine
samples. The company believes that accurate, non-invasive urine-based testing
methods for HIV and other infectious diseases may make important contributions
to public health by helping to foster an environment in which testing may be
done safely, economically, and painlessly. Calypte markets its products in
countries worldwide through international distributors and strategic partners.
Current product labeling including specific product performance claims can be
found at www.calypte.com.
Statements in this press release that are not historical facts are
forward-looking statements, including statements regarding announcements of
financial results and presentations by the Company. Such statements reflect
management's current views, are based on certain assumptions and involve risks
and uncertainties. Actual results, events, or performance may differ materially
from the above forward-looking statements due to a number of important factors,
and will be dependent upon a variety of factors, including, but not limited to,
our ability to obtain additional financing that will allow us to continue our
current and future operations and whether demand for our product and testing
service in domestic and international markets will continue to expand. The
Company undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that occur after the date hereof
or to reflect any change in the Company's expectations with regard to these
forward-looking statements or the occurrence of unanticipated events. Factors
that may impact the Company's success are more fully disclosed in the Company's
most recent public filings with the U.S. Securities and Exchange Commission
("SEC"), including its annual report on Form 10-K for the year ended December
31, 2002 and its subsequent filings with the SEC.
Investor Relations Contact:
Tim Clemensen 212-843-9337
tclemensen@rubensteinir.com
SOURCE Calypte Biomedical Corporation
CONTACT: Investor Relations - Tim Clemensen, +1-212-843-9337,
tclemensen@rubensteinir.com