Receives US$1,000,000 Payment From Westhouse Medical (FRA:5WM)
Receives US$1,000,000 Payment From Westhouse Medical (FRA:5WM)
New York, June 26, 2012 AEST (ABN Newswire) - Sunridge International (PINK:SNDZ) announced today that it has received a $1,000,000 payment from Westhouse Medical (FRA:5WM) of the United Kingdom, as partial payment towards the purchase of assets from Sunridge International. Another $1,000,000 payment will be made when the sale is concluded in approximately 45 days.

"This payment will allow us to address debt issues, get current with our SEC filings, and allow us to start moving forward with our first glaucoma clinic to be opened in Canada. Our business plan is to open company owned clinics throughout Canada with the exclusive use of our "PNT" procedure. Based on our past experience in clinical operations, and income projections, we expect each clinic to provide approximately 1.5 to 2 million in profits annually. Once the first clinic is operational we intend to rapidly expand throughout Canada, providing good per share earnings and profitability to our company," states G. Richard Smith, Sunridge's president and CEO.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

About Sunridge International

Sunridge International, Inc. is a fully reporting company, incorporated in Nevada and trading on the OTCBB under the ticker SNDZ. Our Arizona based holding company is focused on strategic acquisitions of vertically integrated companies in the private sector.

 



About Westhouse Medical Services Plc

Westhouse Medical (FRA:5WM) consists of two wholly-owned subsidiaries: Westhouse Medical Ltd and Westhouse Medical Devices Ltd. Westhouse is expanding rapidly through the acquisition and expansion of primary healthcare businesses within Europe and North America". Westhouse Medical Services Plc has a dynamic range of Medical Services and Devices providing cutting edge innovation in the medical sectors such as a non-invasive
Test for Breast Cancer and a patented procedure to treat glaucoma. www.westhousemedical.com

 


Contact

Jeff Smith, Sunridge International
T: +1-480-837-6165
e-mail: info@sunridgeint.com

MEDIA:
Victor Webb, Marston Webb International
T: (212) 684-6601
e-mail: marwebint@cs.com


Related Companies

Westhouse Medical Services Plc    
Wedgewood Investment Group LLC.             
Sunridge International    
Marston Webb International     

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