WESTBOROUGH, Mass., Feb. 18, 2011 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG), a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, has signed a distribution agreement with Universal Medicalcare to sell its new 3DHD Vision System in Mexico.
Jed Kennedy, President and CEO of Viking Systems, said, "This agreement increases our footprint in the Latin American market, and is another example of the worldwide interest in our new 3DHD Vision System. With its potential to improve the quality of patient care while reducing procedure time and costs, we look forward to introducing our 3DHD system for minimally invasive procedures into the Mexican market, and to partnering with Universal Medicalcare."
Universal Medicalcare is a medical products distribution company whose parent company, Universal Cargo, is one of the leading logistics companies in Mexico.
Carlos Greenham, President of Universal Medicalcare, said, "We are very excited to be working with Viking Systems and its cutting edge surgical vision system. We believe many interesting opportunities exist within the Mexican healthcare market and with leading laparoscopic surgeons who have expressed interest in utilizing this 3D technology. We look forward to growing our business with this product."
About Viking Systems, Inc.
Viking Systems, Inc., is a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery. It actively markets and sells the only stand alone, cost-effective 3D system for use in minimally invasive laparoscopic surgery. Viking partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. Viking, through its OEM products business, also designs and manufactures surgical vision systems and components for several leading medical instrument companies worldwide. For more information, please visit our website at .
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, profitability, production and shipment of units, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT: Viking Systems, Inc. Robert Mathews, EVP & CFO 508-366-3668 Ext. 8392 Porter, LeVay & Rose, Inc. Linda Decker, VP - Investor Relations 212-564-4700