Prism Medical Ltd. (“Prism” or “the Company”) (PM:TSX-VEN) today appear its after-effects for the additional division concluded May 31, 2009.
Net assets for the additional division of 2009 added to $1.271 actor ($0.18 per allotment on a adulterated basis) against $1.010 actor ($0.15 per allotment on a adulterated basis) for the aforementioned aeon in 2008.
During the additional division of 2009, revenues were $17.3 actor compared to $12.6 actor in 2008, an access of 37%, apprenticed by an access in sales aural the United States. The Company continues to focus its efforts on the US exchange by accretion the amount of sales representatives. In the UK, sales added 12% afterwards accumulation the appulse of a abatement in the British Pound Sterling (GBP) about to the Canadian dollar.
In the additional division of 2009, gross accumulation added $1,963 (35%) over the aforementioned aeon in 2008 apprenticed by the sales access and college allotment of sales fabricated by the Company endemic arrangement of dealers and absolute sales staff.
Earnings per allotment on a adulterated base for the three months concluded May 31, 2009 of $0.18 per allotment represents an access of 20% over the aforementioned aeon endure year.
Andrew McIntyre, Chairman and CEO of Prism declared “the additional division of 2009 was absolute for the Company as we saw connected institutional appeal for our products, bigger accomplishment efficiencies and greater geographic advantage in the accepted bread-and-butter climate. Further improvements in US sales representation and banker bazaar allotment should aftereffect in approaching assisting growth.”
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the USA and the United Kingdom. While Prism’s history dates aback to 1996, Prism’s subsidiaries and capacity accept been application the advancement disadvantaged back the mid 1980s in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen Systems, North America’s arch lifting, administration and repositioning aid architect with administration above Canada and the US; Patient Lifts of New England with administration above the northeastern USA; Westholme and Care Free Lifting & Handling, arch distributors of affective and administration articles in the UK; and Freeway Health Care, a UK-based architect of beam hoists and battery chairs.
Forward-looking Information
Certain statements in this absolution may aggregate advanced statements. Such advanced statements absorb risks, uncertainties and added factors, which may could cause absolute results, achievement or achievements of the Company to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON, Canada
Tel: 905-850-0093
Fax: 905-850 0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com
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