Nanotechnology Now - Press Release: FoodChek Signs Distribution and Fulfillment Agreements with Innovation Diagnostics

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Abstract:
FoodChek Systems Inc. ("FoodChek") is pleased to announce that it has entered into an exclusive agreement with Innovation Diagnostics Inc. of Blainville, Quebec (www.innovationdiagnostics.com/) for the Canadian sales and distribution of its innovative and proprietary food safety tests.

FoodChek Signs Distribution and Fulfillment Agreements with Innovation Diagnostics

Calgary, Alberta, Canada | Posted on June 20th, 2010

FoodChek has also signed a separate agreement with Innovation Diagnostics for the non-exclusive North American fulfillment services for the delivery of all FoodChek products.

Innovation Diagnostics Inc. will market and actively promote the sale of FoodChek products to develop and expand the Canadian market commencing with FoodChek ™-E. coli O157. Furthermore, Innovation Diagnostics Inc. will provide and maintain adequate sales, warehouse and service facilities and sufficient inventory of the products to ensure prompt and seamless deliveries to customers in Canada and the United States.

Luc Lavigne, CEO of Innovation Diagnostics states "FoodChek brings to the marketplace a revolutionary technology that will allow a Food Manufacturer to quickly and efficiently gain access to high level food pathogen testing procedures. The ease of use of this product coupled with the latest development in detection technology constitutes a breakthrough in food borne pathogen detection. We are pleased that FoodChek chose our company, Innovation Diagnostics Inc. as its preferred distribution partner in Canada and its fulfillment services partner throughout North America".

William J. Hogan, President & CEO, stated "Innovation Diagnostic's has a vast and credible presence in the field of Food Diagnostics and is renowned for it's distribution and fulfillment abilities in the microbiology industry. This coupled with FoodChek's ability to develop premier food pathogen assays are two driving forces that will ensure a successful commercialization of our advanced food safety testing products in Canada and the United States. With Innovative Diagnostics, we are now positioned to deliver our products seamlessly to current and new customers as they come on board".

This information release may contain certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its private filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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About FoodChek Systems
FoodChek specializes in the development of leading edge food safety testing and utilizes its revolutionary proprietary magnetic nanotechnology for the fast, accurate and simple yet cost-effective detection of food-borne pathogens. FoodChek™-E. coli O157 is an AOAC-approved Performance Tested Method (Certificate #060902).

About Innovation Diagnostics
Innovation Diagnostics Inc. is widely recognized as a Canadian leader in the field of Microbiology based solutions for the Industrial and clinical market. The Company is a leading supplier of highly recognized productivity improvement tools through its wide portfolio of automation equipment, reagents and consumables.

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Contacts:
Telephone: (403) 269- 9424
Canada Toll Free: 1-877-298-0208
Fax: (403) 263-6357

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