KENNEWICK, Wash., April 19, 2012 (GLOBE NEWSWIRE) -- Advanced Medical Isotope Corporation (AMIC) (OTCBB:ADMD) has finalized a sole-source contract with Kennewick General Hospital of Kennewick, Washington for the supply of short-lived radioisotopes primarily used in Positron emission tomography (PET) as well as for other medical isotopes utilized for diagnostic imaging and for therapeutic applications.
Positron emission tomography (PET) has rapidly become a preferred scanning technique in medical research. A PET scanner utilizes radiation emitted from a patient to develop three dimensional images that assist in diagnosis with greater clarity than Magnetic Resonance Imaging (MRI) alone, and with computed tomography (CT) provides exceptionally detailed images for various types of cancers, cardiac disease and brain function.
AMIC CEO James C. Katzaroff said, "We are quite pleased to assist further in our region's health care needs and be a local source for the production of radioisotopes. AMIC has a passionate mission to deliver high quality medical isotopes to assist those in need, and we look forward to partnering with Kennewick General Hospital in order to help maintain a high standard of health care in our area."
Glen Marshall, Chief Executive Officer of Kennewick General Hospital stated that, "Kennewick General Hospital recently acquired a new Philips Gemini GXL PET/CT system combining computed tomography (CT) and positron emission tomography (PET) in one scanner. We are very pleased to be able to offer our patients this important advancement in diagnostic imaging, and being able to partner with a local, quality company like AMIC will certainly bring added value to our services."
Kennewick General Hospital (KGH) is a publicly owned, not for profit hospital and the anchor facility of Kennewick Public Hospital District, a network of healthcare centers, physician offices, urgent care and walk-in clinics, a Medical Mall and outreach programs throughout the Tri-Cities area. There are currently almost 80 healthcare providers in the system. Its new, state of the art Southridge hospital campus is slated to break ground in the near future to accommodate the area's fast-growing population and medical needs. KGH and its facilities are committed to the wellness of the communities they serve and to providing access to comprehensive healthcare in a caring, professional and responsible environment.
Advanced Medical Isotope Corporation is a U.S.-based public company engaged in the production and distribution of medical isotopes and in the development and identification of medical isotope technologies that are changing the practice of medicine and revolutionizing the standard of available medical care.
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Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to AMIC's beliefs and expectations regarding the licensed patents. These statements involve current expectations and beliefs as to future events and other statements that are not historical facts. Known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, risks relating to product development, regulatory approval, sales and marketing, and competition, risks relating to patents, and such other risks as are identified in AMIC's annual report filed by AMIC with the U.S. Securities and Exchange Commission. These forward-looking statements apply only as of the date of this press release, and AMIC undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change AMIC's expectations.
CONTACT: Advanced Medical Isotope Corporation James C. Katzaroff (509) 736-4000 6208 W. Okanogan Ave. Kennewick, Wa. 99336