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SBA Names 2014 NC Small Business Exporter of the Year

Release Date: 
Thursday, April 17, 2014
Contact: 
Mike Ernandes

CHARLOTTE – The U.S. Small Business Administration (SBA) has named the owner of Vesocclude Medical, LLC in Raleigh North Carolina Exporter of the Year for 2014. Freddy Cannady was nominated for the award by Alex Viva, International Business Development Counselor at the North Carolina Small Business & Technology Development Center (SBTDC).

Vesocclude is a medical device manufacturer that specializes in the advanced development and production of ligation products. Ligation is the surgical procedure of closing off a blood vessel or other duct or tube in the body by means of a ligature or clip. Vesocclude manufactures manual ligating clips and user-friendly loading devices for multiple medical specialties in the United States.  

“We are very happy to receive such prestigious recognition,” Said Cannady. “And we would thank Alex Viva at the SBTDC for both leadership and support as we continue to reach out to many new customers around the world.”

 The criteria for the award include: Increased sales, profits and/or employment due to exporting, creative overseas marketing strategies and introduction of unique trading relationships, products or services.

 In 2005, Freddy Cannady started Vesocclude after he lost his job to outsourcing overseas.With 30 years of experience behind him, he saw this as an opportunity to use his skill and expertise.

Freddy began his relationship with the SBTDC later that year. In 2012, Vesocclude sought assistance with finding export working capital to prepare for increased product demand from Europe. Viva has worked with Freddy to assess SBA and Ex-Im Bank export working capital programs, review distribution agreements, and financials.

Alex also obtained a Campbell University MBA student intern with a medical supply background to help develop an international marketing plan. Vesocclude implemented plans to go green by using easy-to-open soft blister product packaging that will create less waste for hospitals and landfills, which has already increased Vesocclude’s visibility around the world.

 With the SBTDC’s support, the company is successfully competing with many large corporations. Vesocclude’s export reach and sales are growing including over $1 million in new sales to Europe, Japan and Mexico. Exporting in 2011 made up 38% of sales, and it’s projected to soon grow to 60% in 2014.

 

For more information contact Freddy Cannady at 919-201-3142.

 

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