SALT LAKE CITY, UT, Aug 15, 2013 (Marketwired via COMTEX) -- Exlites Holdings International, Inc. (PINKSHEETS: EXHI) announced today that it is in negotiations with China based medical equipment manufacturers regarding a partnership that allows the company to offer high-tech medical equipment to its customers at cost effective prices. Exlites offers the manufacturer's products on its online platform at affordable prices to its clients and the Chinese manufacturers have an avenue to offer their cutting-edge products to a large new consumer base.
According to research reports in the medical device industry, China, India, Brazil, Russia, and Eastern Europe are expected to offer the most growth opportunities for industry growth in 2013. The Medical Device Industry ranks among the top-five industries for 2013. (1)
This ambitious goal of partnering with international product manufacturers, will complement other Exlites efforts, and offers new cutting-edge products to its client base at affordable prices. Management has set a goal to triple the company's current product offering in the next few weeks. Building on the initial success of the Exlites website launch, the company is looking to partner with select manufacturers overseas to lower costs for its clients and at the same time increase margins for the company's bottom line.
Kevin Johnson, Director, Business Development, said, "We are witnessing unprecedented demands for medical equipment both from individual clients and medical facilities. By partnering with international manufacturers, Exlites can assure that it offers high-quality high-technology medical equipment to customers at a cost effective price point."
Exlites was incorporated in the U.S., and until recently, was mainly engaged in business in Japan. Recently, management determined that it was in the Company's best interest to enter the larger U.S. medical equipment market and take advantage of its relationships. Exlites' business model is unique in that the Company strives to provide assistance and resources to certain medical equipment manufacturers, many of whom are overseas. By partnering with these medical equipment companies, Exlites can obtain better pricing for the best quality products for its customers. Exlites' business plan includes assisting manufacturers to obtain FDA registration and approval.
About Exlites Holdings International Inc. Exlites Holdings International Inc. was operated in Japan for a number of years before moving to the United States. The Company's products are sold online and through the company's affiliate and distribution programs. The Company is dedicated to offering medical equipment to hospitals, assisted living facilities and to private individuals who seek quality medical equipment at cost effective prices. The Company's website is at www.exlitesmedical.com .
Forward-Looking Statements - Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
