Bridgetech Acquires Controlling Interest in ECash, Inc. for Its Domestic Operation
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SAN DIEGO, March 5 -- Bridgetech Holdings International Inc., a company focused on maximizing the potential of emerging healthcare products and services in China, announces the purchase of a controlling interest in ECash, Inc. (BULLETIN BOARD: ECSI) through the merger of our wholly owned subsidiary, Clarity Imaging International, Inc. (Clarity) and ECash. The purchase of the controlling interest of ECash is for the sole purpose of separating the company's Chinese and Domestic healthcare interests. ECash will be comprised solely of the current business operations of Clarity. The divergence of Bridgetech's China operations from the domestic operations of Clarity will provide a focused business strategy for both companies. Michael Chermak, Chairman and CEO of Bridgetech stated, "This division of our domestic and international interests strengthens our business and revenue model and will enable Bridgetech to focus on building its operations and continuing expansion throughout China." Chermak added that Clarity will focus on growth and expansion domestically. "This will be a winning combination for all shareholders," he said.
About Bridgetech Holdings International, Inc.
Bridgetech is leveraging its extensive network of relationships in China and the U.S. to capitalize on the demand for Western healthcare in Greater China. The company is bringing emerging drugs, devices and diagnostics to Greater China, with an initial focus on oncology. For additional information, please visit Bridgetech at www.bthi.com and Clarity at www.clmd.com
Contacts:
Media Relations:
Vince Heald, Beck Ellman Heald
858-453-9600
vheald@behmedia.com
Investor Relations:
Redwood Consultants, LLC
415-884-0348
Source: Bridgetech Holdings International Inc.
CONTACT: Media Relations, Vince Heald of Beck Ellman Heald, +1-858-453-9600, vheald@behmedia.com, for Bridgetech Holdings +International Inc.; or Investor Relations, Redwood Consultants, LLC, +1-415-884-0348, for Bridgetech Holdings International Inc.
Web site: www.bthi.com/
