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Dehaier Medical Cooperates With Mindray to Win Procurement Bid

BEIJING, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Dehaier Medical Systems Ltd. (Nasdaq:DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products, today announced that it assisted Mindray Medical International Ltd (NYSE:MR) with a national medical procurement bid for 79 units of Mindray's M7 color Doppler ultrasound machines.

Mr. Ping Chen, Chairman and Chief Executive Officer of Dehaier Medical said, "The opportunity to cooperate with a well-respected company like Mindray and the national level of the procurement project made this an important bid for our company. I am proud of our team's successful bid and believe it reflects well on our experience participating in governmental procurement projects, excellent public relations efforts and strong implementation capability. We expect the project to contribute significantly to revenue this year and set a firm foundation for our key account business in 2013. We will use this project and cooperation with Mindray to continue to develop our corporate growth strategy and to enhance Dehaier's brand awareness."

About Dehaier Medical Systems Ltd.

Dehaier is an emerging leader in the development, assembly, marketing and sale of medical products, including respiratory and oxygen homecare medical products. The company develops and assembles its own branded medical devices and homecare medical products from third-party components. The company also distributes products designed and manufactured by other companies, including medical devices from IMD (Italy), Welch Allyn (USA), HEYER (Germany), Timesco (UK), eVent Medical (US) and JMS (Japan). Dehaier's technology is based on six patents, ten software copyrights and proprietary technology. More information may be found at http://www.dehaier.com.cn

About Mindray Medical International Ltd

Mindray is a leading developer, manufacturer and marketer of medical devices worldwide. Mindray maintains its global headquarters in Shenzhen, China, U.S. headquarters in Mahwah, New Jersey and multiple sales offices in major international markets. From the main manufacturing and engineering base in China, Mindray supply through its worldwide distribution network a broad range of products across three primary business segments, namely patient monitoring and life support, in-vitro diagnostic, and medical imaging systems.

Forward-looking Statements

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, government approvals or performance, and underlying assumptions and other statements that are other than statements of historical facts, including in particular any implications regarding the implementation of the ultrasound machine procurement agreement. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, future developments in payment for and demand for medical equipment and services, implementation of and performance under the joint venture agreement by all parties, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT: Dehaier Medical Systems Limited Surie Liu +86 10-5166-0080 lius@dehaier.com.cn Dehaier Medical Systems Limited Tina He +86 10-5166-0080 hexw@dehaier.com.cnSource:Dehaier Medical Systems Limited