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ZVXI Zevex International (MM)

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Share Name Share Symbol Market Type
Zevex International (MM) NASDAQ:ZVXI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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ZEVEX Announces Marketing Alliance with Option Care

09/08/2005 2:00pm

Business Wire


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ZEVEX International Inc. (NASDAQ: ZVXI), a manufacturer and marketer of design award-winning enteral feeding pumps, and Option Care Inc., a leading provider of home care and infusion services, announced the commencement of a formal sales and marketing alliance for ZEVEX's EnteraLite(R) Infinity(TM) enteral feeding pump. Under the terms of the alliance, Option Care has become a non-exclusive distributor of EnteraLite Infinity enteral feeding pumps to Option Care's consumer patient population through its national network of 130 company-owned and franchise locations in 32 states. David McNally, CEO and president of ZEVEX, said, "This is an exceptional opportunity for Option Care and ZEVEX to cooperatively expand the number of enteral patients that can experience the health and quality of life benefits of ambulatory pump technology. The portability, durability and accuracy of the EnteraLite Infinity allow Option Care to market to a broad customer base in home healthcare and alternate site facilities. We are very pleased that Option Care has selected the EnteraLite Infinity as the pump technology of choice for its new enteral nutrition therapy program. Option Care's national reputation, dedication to advancing quality of health, and commitment to nutrition services make them an ideal partner for the expansion of our Therapeutics business." Dan Bramuchi, vice president of sales and operations of Option Care, said, "The ZEVEX Infinity pump represents leading-edge technology and Option Care wants to make sure its patients receive the very best care and equipment. For over 25 years, Option Care has been providing health care services to patients requiring clinical nutritional support. As an industry leader in clinical nutrition, we are excited and pleased to form a marketing alliance with ZEVEX that will provide benefits to both companies, to health care professionals and workers, and most importantly to the patients." Launched in January of 2005, the EnteraLite Infinity's innovative technology supports improved patient care through physical, mental and social health benefits. In 2005 there will be approximately 83,000 patients who will utilize home enteral nutrition therapy, according to a 2004 report by Medtech Insight. The market for home enteral nutrition therapy is growing at about four percent per year. By the end of 2005, the U.S. market value for home enteral nutrition delivery devices, including pumps and disposables, is expected to reach approximately $56 million. About ZEVEX International Inc. ZEVEX International Inc. (www.zevex.com), founded in 1986, transforms life with its patented and proprietary medical device technologies. The Therapeutics division manufactures and markets enteral nutrition delivery devices. The Applied Technology division designs and manufactures advanced medical components and systems for medical technology companies. About Option Care Inc. Option Care provides various home infusion therapies and specialty injectable pharmaceuticals to patients at home and other alternate sites such as infusion suites and physician's offices. The company's services and pharmaceuticals are provided nationally through its local and regional pharmacies. Further information on Option Care can be found at: www.optioncare.com. Forward-Looking Statements Statements made in this press release, including those relating to anticipated revenue growth and other statements regarding future performance, are forward looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things, the company's efforts to increase its sales could be more difficult or expensive than the company currently anticipates. Specifically, the marketing alliance between Option Care and ZEVEX may not produce substantial sales growth. In addition to the foregoing, the economic, competitive, governmental, technological and other factors identified in the company's filings with the Securities and Exchange Commission, including the Form 10-K for the year ended Dec. 31, 2004, may cause actual results or events to differ materially from those described in the forward-looking statements in this press release.

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