AGM Statement

Advanced Medical Solutions Grp PLC 31 May 2002 For immediate release 31 May 2002 Advanced Medical Solutions GROUP plc ('AMS') AGM STATEMENT At its Annual General Meeting held today, Friday 31st May 2002, all resolutions were duly passed. In addition, AMS's Chairman, Dr. Geoffrey Vernon made the following statement: 'I am delighted to be able to report that, following our recent, successful acquisition of MedLogic, integration into the main Group is well underway. MedLogic, acquired for £2.7 million, is a UK based company specialising in the development and manufacture of medical grade tissue adhesives for the wound closure market. The Medlogic product range has now been presented to many of AMS's major blue-chip partners in the USA and Europe and the response has been very encouraging - the Company remains optimistic about signing up partners for these products during the second half of 2002. Additionally, the Medlogic UK direct sales force has already launched AMS's Flexipore foam dressing into A&E Departments throughout the country with initial feedback being very positive'. 'The Company is also pleased to announce the appointment of Dr. Richard Freeman, who will be joining AMS in early June to head up the Group's Research & Development function. Dr. Freeman joins from Biocompatibles, where he has worked for the last 10 years. He brings relevant experience to help move AMS to higher value technology, particularly in the delivery of active ingredients through our woundcare products and in further developing our tissue engineering capabilities.' Furthermore, Dr. Vernon stated that: 'AMS's Professional Woundcare business continues to perform strongly, highlighted by the recent announcement of a deal to supply an alginate product to Johnson & Johnson Wound Management, a Division of Ethicon Inc. 'As we stated at the time of the results, we have shed a significant amount of unprofitable Consumer business in order to ensure higher margins could be achieved going forward. As a result we are concentrating on those products that command the best premiums off the shelf. We are seeing a strong performance from products such as blister dressings and scar reduction dressings and look forward to the launch of additional specialized, effective products. We remain confident of the outlook for the business for the full year'. For further information, please contact: Advanced Medical Solutions Group plc Don Evans, Chief Executive Officer Tel: +44 (0) 1606 863500 Mary Tavener, Finance Director www.admedsol.com Buchanan Communications Tel: +44 (0) 20 7466 5000 Nicola How /Fergus Mellon This information is provided by RNS The company news service from the London Stock Exchange
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