WEST CHESTER, Ohio — AtriCure, Inc. (NASDAQ:ATRC), a medical device company and a leader in
cardiac surgical ablation products, will release its financial results
for the fourth quarter and year ended December 31, 2009 on Thursday,
February 18, 2010.
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Company Reports Gains in Net Income and Gross Profit; Increase in
Cash Flow Facilitates a $9.7 Million Debt Reduction in the Third Quarter
and a $30.7 Million Debt Reduction Year to Date
BRENTWOOD, N.Y. — Medical Action Industries Inc. (NASDAQ:MDCI), a leading supplier of
medical and surgical disposable products, today reported strong third
quarter 2010 results marked by significant gains in net income and gross
margin versus the prior year period, as well as an increase in cash flow
that allowed the company to reduce debt by another $9,715,000 during the
quarter.
Chief Executive Officer and President Paul D. Meringolo stated, “Our
third quarter performance benefited from stable resin prices for its
U.S. and Chinese-made products, from continuous improvements at its
Tennessee plant and from ongoing investments in sales and marketing.”
Net sales for the three months ended December 31, 2009 totaled
$73,176,000, an increase of $1,181,000, or 1.6% above the $71,995,000 in
net sales reported for the three months ended December 31, 2008. Net
income for the third quarter of fiscal 2010 was $4,010,000, or $0.25 per
basic and diluted share, up significantly from the $157,000, or $.01 per
basic and diluted share, reported for the comparable three months of
fiscal 2009.
Net sales for the nine months ended December 31, 2009 amounted to
$218,923,000, a decrease of $4,291,000, or 1.9%, from the $223,214,000
in net sales reported for the nine months ended December 31, 2008. Net
income for the nine months ended December 31, 2009 was $11,647,000, or
$0.72 per basic and diluted share, an increase of $8,464,000 or $0.52
per basic and diluted share from the $3,183,000, or $0.20 per basic and
diluted share, reported for the comparable nine months of fiscal 2009.
ImageXpres Corporation (PINKSHEETS: IMJX),
today announced that its Surg-i-Scan “digital” Surgical Safety
Checklist system will soon be available as an Apple software “app” via the
Apple iTunes Online Store. The Surg-i-Scan “digital” surgical safety
checklist software has been designed to reinforce and document improved
surgical safety protocols resulting from hospital use of surgical safety
checklists now being used by hospitals in the U.S. and abroad.
John Zankowski, ImageXpres President and CEO, states, “The ImageXpres
Surg-i-Scan digital Surgical Safety Checklist Software, and
accompanying checklist flatscreen displays, has been undergoing rigorous
testing, and the software is now ready for large-scale sales to hospitals,
clinics, and physicians offices. The downloadable software will be
available as a free, 30-day evaluation by the hospital surgical staff, to
determine its effectiveness and performance in their own operating rooms.
Once the trial period is over, the software, with requisite customization,
will be licensed to the hospital on a one-time, per user basis. ImageXpres
will provide all upgrades and support for the software, as well as back-up
storage for hospital provider personnel, at a yearly or monthly rate. Our
goal is to make the digital checklist very affordable for millions of
hospital providers, thus generating strong market pull for the unique,
patient safety product. General availability for hospital sales through the
iTunes store is anticipated to be no later than March 1, 2010.”
ImageXpres is working closely with a key Apple software development
partner, along with a number of medical surgical supply organizations, in
order to reach thousands of hospitals in a timely manner. The U.S. market
is estimated at over $25 million annually, based upon the number of
surgical operating suites, and could reach over $100 million annually by
2012.
ImageXpres also manufactures and markets analog, custom-designed
Surg-i-Scan Safety Checklist boards for operating rooms. The digital
software product can augment the effectiveness of the analog
Surg-i-Scan Safety Checklist boards, or can be used independently,
using an Apple iPhone, or iPod Touch device, providing valuable
documentation of all surgical procedures on an ongoing, daily basis.
Mr. Zankowski, concludes, “We are very excited about this particular
product, as it is one is one that truly can benefit every hospital and
surgical suite no matter where they are located. The WHO study has
documented the benefits of surgical safety checklists for hospitals and
patients, in terms of lowered deaths and lowered surgical procedural
errors, thus saving lives and improving healthcare delivery. Our
Surg-i-Scan digital Surgical Safety Checklist product now makes it
affordable and easy for any hospital, in any country, to test out the
usefulness of a surgical safety checklist process, and make immediate
improvements in patient safety.”
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