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Monday, November 29, 2010

Biotech/Pharma Stocks News; UV Flu Technologies (OTCBB: UVFT) Highlights 2010 Operations as ViraTech UV-400 Is Selected as Product of Choice by National Clean Air Foundation

CENTERVILLE, MA � November 29, 2010 (Investorideas.com Newswire) - UV Flu Technologies, Inc. (OTCBB: UVFT) (the "Company"), manufacturers of innovative air purification technology, announced today that the Company has been informed by one of its distributors, INE Global, of Boston, Mass, that "Clean Air for Everyone," a national non-profit promoting clean air for schools and non-profits around the Country, has selected the ViraTech UV-400 as the lead product to be distributed throughout America.
"This product can help our schools, and the children within them," said John Pappas, spokesperson for 'Clean Air for Everyone.' "There are thousands of schools, homeless shelters, and Aids clinics around the country, that suffer through horrific air quality, due to the lack of funding to correct or improve the situation. The UV-400 kills the bacteria, odors, VOCs, and other organic contaminants that cause sickness, respiratory problems, and allergies that make our children ill."
The announcement of this news now positions UV Flu Technologies across a multitude of operational initiatives and industry segments including:
Sports and Athletics - Announced an order of UV-400 units in the locker room of the renowned Boston Bruins hockey team. "This is the second professional hockey team to put the UV-400 in their locker rooms, along with numerous colleges," noted Charles Gulteri President of New England Sports Sales (NESSI). "This could be one of the most important developments to college and professional sports in the last 20 years."
Healthcare and Medical - Units have been utilized in 2 major hospitals, and are currently being evaluated by a major nursing home chain. Units placed with the prestigious Miami Anatomical Research Center featuring 40 state-of-the art bio-skill lab stations in a hospital style setting.
Hospitality, Hotel & Spa - The Seagate Hotel and Spa in Delray Beach, Florida, the Boston Harbor Hotel, and Boston's XV Beacon Hotel utilize the ViraTech UV-400. "Providing this extra level of protection sets us apart from the competition," said William Sander, GM of the Seagate Hotel. UV Flu announced a new hospitality initiative branded ABC ROOMS, representing guest rooms and public areas treated for Allergens/Bacteria/and Contaminants. One of the nation's largest 5 star hotels is currently evaluating the unit for all areas of its operation.
European Market - Profiled in two editions (July and October) of the prestigious UK industry opinion and analysis publication "The Public Service Review" featuring the latest initiatives and projects on best practices affecting public sector initiatives worldwide. This announcement was followed almost immediately by a sales order with Paris based, Societe Nema Citizen, the largest distributor of Citizen Brand electronics in France, and a growing inventory of health and medical-related products sold throughout Western Europe.
Restaurants - The ViraTech UV-400 is undergoing testing supervised by one of the largest hotel and restaurant suppliers in the Northeast. The unit is being evaluated in the lounge, dining, and food prep areas of 3 notable NYC restaurants. The product's ability to reduce odors, VOCs, while killing bacteria and other contaminants, is drawing considerable attention in this segment.
Industrial and Commercial - UV Flu announced a Letter of Intent ("LOI") to acquire 100% of the ownership of a major US manufacturer of high quality industrial air purification equipment specializing in the medical and hospitality marketplace. The agreement includes a patented, trademarked product line, with dozens of national distributors and representatives, an extensive customer list, inventory, and all associated manufacturing equipment. The company's sales include an installed base of several thousand units in over 1000 unique facilities nationwide.
National Distribution Network - The Company added 3 new distributors including Emerald Medical Service, a supplier of medical equipment throughout the Washington, DC area, UV Air, a supplier to government, schools, and hotels in the Woburn, MA area, and Factory-Direct Green, a distributor servicing over 400 hotel customers in the Carlsbad, California area.
New Research - Received favorable preliminary test results from independent FDA and EPA certified test facilities that demonstrated the ViraTech UV-400 air purifier to be effective in the inactivation of a typical virus surrogate utilized as part of the test protocol. If advanced stage testing proves positive, this could be a momentous step forward in the further development of the product as a Medical Device.
Television - UV Flu Technologies invites everyone to visit the Company website (www.uvflutech.com) to view an informative, seasonal video presented by the producers of the TV show, "Designing Spaces" which highlights the features and benefits of the UV-400 especially during the Holiday Season.
Further details regarding the Company's business, financial reports and agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About UV Flu Technologies, Inc. (OTC.BB:UVFT)
UV Flu Technologies is an innovative developer, manufacturer and distributor of bio technology products initially targeting the rapidly growing Indoor Air Quality ("IAQ") industry sector (over $7.7 billion in 2008). The Company manufactures the ViraTech UV-400, which utilizes high-intensity ultraviolet radiation (UV-C) inside a killing chamber that goes beyond filtration to destroy harmful airborne bacteria, at rates exceeding 99.2% on a first-pass basis, while also reducing the concentrations of odors, and VOC's (volatile organic compounds, such as acetone, benzene, formaldehyde, etc.) The FDA has issued a coveted Class II medical listing that enables UV Flu Technologies to market the product as a medical device. For more information, visit: www.uvflutech.com. For sales: www.puravair.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
UV Flu Technologies, Inc.
John J. Lennon, President & CEO
Contact:
Investor Information:
Geaux IR Services, Inc.
Toll-Free: 1-888-355-8838
investors@uvflutech.com
SOURCE: UV Flu Technologies, Inc.
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