OxySure (OXYS) Receives Economic Incentive from City of Frisco
FRISCO, TX, Jul 09, 2014 (Marketwired via COMTEX) -- OxySure Systems, Inc. (OTCQB: OXYS) ("OxySure," or the "Company"), a global leader and medical device innovator of life-saving, easy-to-use emergency oxygen solutions with its "oxygen from powder" technology is pleased to announce that the Company has earned an economic incentive from the City of Frisco through the Frisco Economic Development Corporation ("FEDC").
The FEDC and the Company's landlord, Sinacola Commercial have provided the Company an incentive package totaling of $567,000 for investment in infrastructure and improvements to the Company's purpose built, state of the art manufacturing facility in Frisco. The recent incentive is the third of five performance incentives earned to date, related to head count and square footage occupied in Frisco.
Julian Ross, CEO of OxySure stated: "We are pleased for the continued support of the FEDC and we hope to grow our presence and footprint in Frisco as we grow and expand."