LED Dental Inc. Announces International VELscope Vx Distribution Agreement

Posted on June 20, 2016

VANCOUVER, British Columbia, June 20, 2016 — LED Medical Diagnostics Inc. (“LED” or the “Company”) (TSX-V: LMD) reports that its wholly owned subsidiary, LED Dental Inc., has signed an exclusive distribution agreement with Biocare Health Supply Ltd. for the sale and distribution of its award-winning VELscope Vx system in China and Hong Kong. The agreement is subject to quarterly minimum purchase requirements over the term of the agreement. Biocare is a British Columbia-based firm whose mission is to introduce innovative medical equipment, pharmaceuticals and treatments into the Chinese healthcare market through its partnership with National Medicines Prospect Dentech (Beijing) Co., Ltd. Prospect Dentech is the largest oral medicine, dental equipment and materials distributor in China with on-site sales teams in the majority of the capitals of each province of China. It is the only subsidiary of Sinopharm focusing on sales and distribution of dental products, including technologies from major global manufacturers such as Acteon, Yoshida, Sunstar and Kavo Sybron. Sinopharm is China’s largest pharmaceutical group. 

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