Boston, MA 10/16/2014 (wallstreetpr) – According to reports, BSD Medical Corporation (NASDAQ:BSDM) recently announced that it had decided to sign a business expansion deal with KOL Bio-Medical Instrument, Inc. for expanding its business. As a result of this deal, KOL will look forward to expanding sales and development activities of MicroThermX Microwave Ablation product line of BSDM. As per the terms and conditions of the deal, KOL will contribute in sales and development activities of BSDM’s product line for up to fifteen states in Northeast, Southeast and Mid-Atlantic.
Management Call:
Management teams of both the companies are excited about this deal as it will help them taking businesses on newer heights. According to Brian Ferrand, Vice President of Domestic Sales at BSD Medical Corporation (NASDAQ:BSDM), it’s one of the best deals that BSDM has done in recent time. Not only will it expand the distribution network of BSDM across United States, but also open new door towards opportunities and customer acquisition, which was never possible otherwise.
KOL is one of the best and most respected distributors of the country and maintains close relations with a lot of interventional radiologists throughout the country. With the help of extensive network support from KOL, BSDM will be able to market its products effectively in key areas of the country.
With KOL’s inclusion in BSD Medical Corporation (NASDAQ:BSDM)’s sales and distribution team, it will be able to serve customers effectively and offer them second to none microwave ablation products. Now, customers will be able to reach BSDM network without any hassle, which will prove to be beneficial for the company in the long run.
KOL is a service disabled veteran owned specialty distributor, which runs its operations from Virginia. It has more than forty years of experience in sales and development activities of emerging medical technologies. BSD Medical Corporation (NASDAQ:BSDM) looks forward to the output of this deal, which will determine company’s future scope of the professional tie-up.
