Lets just get into PPSI/UNVC a little more it real
Post# of 4861
Form 10KSB Univec Inc
10KSB - Optional form for annual and transition reports of small business issuers [Section 13 or 15(d), not S-B Item 405]
SEC.report UNIVEC INC Form 10KSB (Filer)
Published: 2004-05-14 17:18:38
Submitted: 2004-05-14
Filing Agent: SHERB & CO LLP
Period Ending In: 2003-12-31
Revenues for the issuer's most recent fiscal year were $16,133,652.
On December 31, 2001 Univec, Inc., acquired Physician and
Pharmaceutical Services, Inc., (PPSI) a company primarily engaged in promoting
pharmaceutical company prescription samples to physicians. PPSI reduces the cost
in the prescription-sampling channel by providing efficient fulfillment and
tracking of prescription usage. PPSI's national network of pharmacies fills the
sample prescription on a discounted fee and the Company's mail service
fulfillment complements additional needs. PPSI's approach conforms to
regulations requiring increased accountability and elimination of diversion of
prescription samples, consequently reducing the exposure of physicians and
pharmaceutical companies to potential liabilities and non-compliance penalties.
On February 28, 2002 Univec acquired Thermal Waste Technologies, Inc.,
("TWT" , a manufacturer of the "Demolizer," a patented medical waste disposal
unit designed to eliminate carting of red bag and sharps waste in medical
offices. The Demolizer, about the size of a small microwave oven, automatically
converts red bag and sharps waste inside a sealed container into sterilized
waste that can be discarded as ordinary solid waste. All waste is placed in a
disposable one-gallon container that sits inside the unit, which contains the
sterilizer and the anti-viral, anti-bacterial and anti-odor filtration system.
The unit meets OSHA regulations and has passed efficacy testing performed by
Stanford University, Leberco Testing Inc., and Valley Medical Laboratories under
a protocol approved by the New York State Department of Health. The unit has
also passed the "Microbial Survivability Test for Medical Waste Incinerator
Emissions." The Demolizer is approved by state boards of health and departments
of environment in 43 states, and is pending approval in two states.
https://sec.report/Document/0001172665-04-000162/
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