ADMD Enters Into Strategic Alliance With GSG International
Advanced Medical Isotope Corporation ("AMIC") (OTCBB:ADMD), a company engaged in the production and distribution of medical isotopes, has entered into a strategic alliance with GSG International GMbH to collaborate in the joint development of technologies for the production of medical isotopes and the marketing and distribution of related isotopes, equipment and services.
The first endeavor of the strategic alliance ("Alliance") will be the worldwide distribution of Molybendum-99 (Mo-99) and related Technetium-99 generators and kits acquired or manufactured by GSG on behalf of the Alliance. AMIC initially will have exclusive rights for sale and distribution in North America, South America and China. Subject to the parties' performance, AMIC may thereafter obtain additional rights.