Volcano Achieves Major Milestone in Japan Direct Sales Initiative With Signing of Termination Agreement With Goodman

09.07.09 - 06:14 ... source : Volcano Corporation

... --COMPANY PROVIDES UPDATED GUIDANCE FOR FISCAL 2009 --COMPANY SCHEDULES CONFERENCE CALL FOR 2:30 P.M., PACIFIC TIME (5:30 P.M., EASTERN) TODAY SAN DIEGO, July 8, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Volcano Corporation (Nasdaq: VOLC), a leader in the development, manufacturing and sales of products for the diagnosis of coronary and peripheral artery disease, said today it has signed a termination agreement with its largest distributor in Japan, Goodman Company, Ltd. This agreement, which took effect today, will enable Volcano to accelerate its transition to a direct sales force in the market to support its intravascular ultrasound (IVUS) and Functional Measurement (FM) consoles and disposables, as well as products currently in development. "We are delighted to be completing this transition nearly a year ahead of our original timetable," said ...» Next (HTML)