HENDERSON, NV -- (Marketwired) -- 12/17/14 -- United Health Products, Inc. (OTCQB: UEEC) announced today that the Company has received an additional stocking order for the HemoStyp® gauze products from its Australian distributor, Critical Health Products Pty Ltd. and distribution partner for Australia, Westcoast Surgical & Medical Supplies for 2014. Critical Health Products has also secured future purchase orders for 2015 in excess of $ US 250,000 with expectations of over $ US 500,000.
After a pause in operations due to a pending lawsuit that was settled and recorded in the State of Nevada in October of 2014, the Company has commenced full operations and production. The settlement included the cancellation of notes owed by the Company totaling over $ US 500,000 and the return of approximately 1 million shares of the common stock of the Company to treasury.
About United Health Products Inc.
United Health Products Inc. (UEEC) develops, manufactures, and markets patented hemostatic gauze, for the healthcare and wound care sectors. The product, HemoStyp®, is derived from regenerated oxidized cellulose, which is all natural, and designed to absorb exudate/drainage from superficial wounds and helps control bleeding. UEEC is focused on identifying new markets and applications for its product as well as ramping up sales in its current markets. For more on United Health Products Inc. visit: www.unitedhealthproductsinc.com
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements.