Fox Business has reported that Meridian Co Ltd, a Canadian company engaged in the research, development, manufacturing, and sales of advanced medical devices, has signed an exclusive distribution contract with International Medical Systems to sell its Lapex 2000 LipoLaser in Latin America. Initially the deal will cover Brazil, Venezuela, Chile, Argentina, Uruguay, and Paraguay. In the second year the territory coverd by the ageement will also sove Central America, the Caribbean, Bolivia, Ecuador and Peru, with projected sales of over US$ 3 million, rising to $4 million in the third year. Juan C. Torres, president and co-founder of International Medical Systems,, says:
"We believe that our projections are relatively conservative as the Latin American market is ready for a completely non-invasive approach to spot fat reduction. This innovative technology combined with the current demand for less painful body contouring, presents a unique opportunity with clear advantages in the market."
