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XTend Medical (XMDC) Launches Online Store(Marketwire Via Acquire Media NewsEdge) SUN VALLEY, CA, July 24 / MARKET WIRE/ -- XTend Medical Corporation (PINKSHEETS: XMDC), a company that delivers cutting-edge telemedicine solutions to the healthcare industry, announced today the company has launched its online store, www.xtendstore.com, to tap into the billion dollar medical nutrition market. The company released the following statement: "We're excited about the opportunity to open our online store to market to the millions of Americans that require medical nutrition throughout their daily lives. The market for these medical nutrition products has seen double-digit growth over the past few years and has topped over $62 billion worldwide. Our main focus will be to target the patients needing supplemental medical nutrition for cancer, diabetes, and obesity. As we continue to add patients through our Remote Patient Monitoring System, the ability to cross-market to our offerings, in medical nutrition, should see our sales of these products increase over the next 2-3 years. In addition, as we uncover additional products that can be cross promoted with our medical devices, we will have the opportunity to increase our sales and profits for the company," stated Mr. Paul D. Lisenby, CEO of XTend Medical. Mr. Lisenby further states, "XTend is seeing an increased presence in the telehealth market and we continue to generate many inquiries from companies looking to implement our remote patient monitoring system into their managed care business." For any healthcare agency or physician group that would like to find more about the how XTend can assist in your management of diabetic patients, please visit the company website at www.xtendmedical.com or email us at [email protected] About XTend Medical: XTend Medical Corporation markets and sells telehealth and telemedicine solutions for monitoring and caring for patients with chronic disease conditions. XTend has developed a complete Remote Diabetic Patient Monitoring System that is currently being used by physicians and XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. For more information, please visit their website at www.xtendmedical.com. Safe Harbor This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. Company Contact: FutureTechIR for XTend Medical Corporation Investor Relations (817) 812-2105 Copyright ? 2008 Marketwire |