ZEVEX Announces Marketing Alliance with Option Care
09 Agosto 2005 - 8:00AM
Business Wire
ZEVEX International Inc. (NASDAQ: ZVXI), a manufacturer and
marketer of design award-winning enteral feeding pumps, and Option
Care Inc., a leading provider of home care and infusion services,
announced the commencement of a formal sales and marketing alliance
for ZEVEX's EnteraLite(R) Infinity(TM) enteral feeding pump. Under
the terms of the alliance, Option Care has become a non-exclusive
distributor of EnteraLite Infinity enteral feeding pumps to Option
Care's consumer patient population through its national network of
130 company-owned and franchise locations in 32 states. David
McNally, CEO and president of ZEVEX, said, "This is an exceptional
opportunity for Option Care and ZEVEX to cooperatively expand the
number of enteral patients that can experience the health and
quality of life benefits of ambulatory pump technology. The
portability, durability and accuracy of the EnteraLite Infinity
allow Option Care to market to a broad customer base in home
healthcare and alternate site facilities. We are very pleased that
Option Care has selected the EnteraLite Infinity as the pump
technology of choice for its new enteral nutrition therapy program.
Option Care's national reputation, dedication to advancing quality
of health, and commitment to nutrition services make them an ideal
partner for the expansion of our Therapeutics business." Dan
Bramuchi, vice president of sales and operations of Option Care,
said, "The ZEVEX Infinity pump represents leading-edge technology
and Option Care wants to make sure its patients receive the very
best care and equipment. For over 25 years, Option Care has been
providing health care services to patients requiring clinical
nutritional support. As an industry leader in clinical nutrition,
we are excited and pleased to form a marketing alliance with ZEVEX
that will provide benefits to both companies, to health care
professionals and workers, and most importantly to the patients."
Launched in January of 2005, the EnteraLite Infinity's innovative
technology supports improved patient care through physical, mental
and social health benefits. In 2005 there will be approximately
83,000 patients who will utilize home enteral nutrition therapy,
according to a 2004 report by Medtech Insight. The market for home
enteral nutrition therapy is growing at about four percent per
year. By the end of 2005, the U.S. market value for home enteral
nutrition delivery devices, including pumps and disposables, is
expected to reach approximately $56 million. About ZEVEX
International Inc. ZEVEX International Inc. (www.zevex.com),
founded in 1986, transforms life with its patented and proprietary
medical device technologies. The Therapeutics division manufactures
and markets enteral nutrition delivery devices. The Applied
Technology division designs and manufactures advanced medical
components and systems for medical technology companies. About
Option Care Inc. Option Care provides various home infusion
therapies and specialty injectable pharmaceuticals to patients at
home and other alternate sites such as infusion suites and
physician's offices. The company's services and pharmaceuticals are
provided nationally through its local and regional pharmacies.
Further information on Option Care can be found at:
www.optioncare.com. Forward-Looking Statements Statements made in
this press release, including those relating to anticipated revenue
growth and other statements regarding future performance, are
forward looking and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
statements involve risks and uncertainties that may cause actual
results to differ materially from those set forth in these
statements. Among other things, the company's efforts to increase
its sales could be more difficult or expensive than the company
currently anticipates. Specifically, the marketing alliance between
Option Care and ZEVEX may not produce substantial sales growth. In
addition to the foregoing, the economic, competitive, governmental,
technological and other factors identified in the company's filings
with the Securities and Exchange Commission, including the Form
10-K for the year ended Dec. 31, 2004, may cause actual results or
events to differ materially from those described in the
forward-looking statements in this press release.
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