VANCOUVER, British Columbia, April 17, 2002 (PRIMEZONE) -- Pyng Technologies Corp. (OTCBB:PYNGF) (CDNX:PYT) and subsidiary Pyng Medical Corp. are pleased to provide the following information.
Pyng Medical Corp. had record sales for the month of March 2002. As previously announced, increased military orders, and adding Puerto Rico to our direct customer list, were major factors. Continued distribution sales for the F.A.S.T.1 System for Adult Intraosseous Infusion all contributed to a record $106,600 invoiced and delivered to our customers in the month of March.
Pyng Medical Corp. is now in the process of having its auditors prepare its quarterly report, ending March 2002.
For information, please visit our Web site at www.pyng.com or call 604-303-7964 or 1-800-349-7964 or fax 604-303-7987
The Canadian Venture Exchange has neither reviewed nor approved of the contents of this news release. Safe Harbor Statement: This release may contain certain forward-looking statements including without limitation, projections, assumptions, expectations, product development objectives, commercial introduction, and potential advantages of the F.A.S.T.1 System. Actual events or results may differ from the Company's expectations as a result of risk factors discussed in Pyng Technologies Corp. reports on the file with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's report on Form 20F for the year ended September 30, 2001.