Since 1997, we have been working to design, develop and commercialize retractable safety needle devices. Our present product development effort is focused on the ReVac retractable safety syringe, which is designed specifically to reduce accidental needlestick injuries. On March 9, 2006, we announced that Globe Medical Tech, Inc. ("Globe"), our joint venture partner, had approved version 8 of the ReVac 3cc retractable safety syringe for manufacturing. Globe is presently validating the assembly process to ensure all finished parts are equally functional and reliable. Globe then plans to produce 5,000 syringes to be used as product samples to show potential clients and to be used for testing...
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