Endonovo Therapeutics (OTCMKTS:ENDV) Reaches Distribution Agreement with Academy Medical
Naples, FL
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March 09, 2023 05:00 AM Eastern Standard Time
There are a number of interesting companies which may well be worth the attention of investors at this point in time and one of those could well be Endonovo Therapeutics (OTCMKTS:ENDV). Before getting into some of the key new developments with regard to Endonovo it could be a better idea to have a closer look at the nature and structure of its operations.
The company is currently divided into two main divisions. The first one is its legacy business, which is involved in the development of noninvasive wearable 'Electroceuticals' therapeutic devices meant for pain relief, wounds, and wellness. Most of the products manufactured by Endonovo under the legacy business are sold under the SofPulse brand. The other business division is the Build Up Strategy which is involved in the acquisition of complementary specialty service providers involved in the construction industry.
The company was in the news cycle earlier on in the week on March 6 after it announced that it had signed a Service-Disabled Veteran-Owned Small Business (SDVOSB) Government Reseller Agreement with the West Palm Beach-based firm Academy Material Inc.
As per the provisions of the agreement between the two parties, the agreement would involve the distribution of SofPulse branded medical devices so as to make sure that those devices are available to the Department of Defence and Veterans Health Administration contracts. The new contract is a vital one since it would allow Endonovo to team up with Academy Material for bringing the highest class of surgical and medical supplies, in addition to telehealth services to veterans and the military.
In this context, it is perhaps also necessary to keep in mind that the Pulse Electro Magnetic Frequency (PEMF) electromagnetic devices sold under the SofPulse brand had been cleared by the United States Food and Drug Administration.
The devices are also clinically proven with regard to the successful reduction of edema and postoperative pain. At this point in time, the company’s Medical Device Division is working on the commercialization of the SofPulse telehealth and medical device initiatives. The latest agreement is also going to help in further expanding the scale of distribution of SofPulse branded products.
The company has been working diligently for the sole purpose of expanding the distribution and presence of its SofPulse brand of products. In this regard, it should be noted that back on January 26 earlier this year, the company announced that it had signed a stocking distributor agreement of a non-exclusive nature with the firm Pulse Therapeutic Technology Inc.
Pulse would be responsible for purchasing its SofPulse products and then distributing those in Costa Rica and Mexico. As a distributor, Pulse seemed to have gauged the potential of the products and had purchased as much as $100,000 of those products for the purpose of marketing and testing in Costa Rica and Mexico.
The testing proved to be successful, and eventually, Pulse placed a purchase order to the tune of as much as $350,000. Endonovo noted at the time that it was going to work closely with the distributor through SofPulse Inc, its subsidiary.
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Mark McKelvie
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