PRISM MEDICAL LTD. (TSX-V: PM) (“Prism”) today appear that its wholly endemic US subsidiary, ErgoSafe Products LLC, accomplishing business as Prism Medical Services USA, has completed the accretion of essentially all the assets and operations of Kevko Solutions, Inc., a New York corporation, accomplishing business as Access Solutions, a abreast endemic United States based benefactor of affective and administration articles for the advancement impaired. The assets were acquired for about $500,000. The acquirement amount was annoyed by a banknote transaction of $400,000 and a $100,000 holdback until assertive acknowledged obligations are met. Additional consideration, of up to $1,600,000 may be paid in approaching depending on the after-effects of the operation which will accomplish as Access Solutions, a Prism Medical Company.
Access Solutions has been in operation back 1999 accouterment analysis & assessment, installation, and training services, as able-bodied as the administration of a array of safe accommodating administration and accessibility articles for the Acute, Long-Term Care and Home Health Care markets in New York and Northern Pennsylvania. The articles cover beam lifts, amount lifts, ramps, attic lifts, bathing systems, beds and repositioning aids. Products are awash for use in institutions and homecare.
The above majority shareholders, Walter A. Kolt Jr. and Kevin Klipfel accept entered into application affairs with Prism Medical Services USA. Walter A. Kolt Jr. will abide to be amenable for the circadian operations as General Manager of Access Solutions and Kevin Klipfel will abide as a above contributor to Prism’s US institutional sales activities.
Andrew A. McIntyre, Chairman and CEO of Prism stated, "The accretion of Access Solutions marks addition footfall in the cardinal amplification of our geographic advantage and artefact offering. Access Solutions fills an absolute gap in our US bazaar and will accommodate Prism's articles with absolute acceptance to outstanding chump relationships developed by Access Solutions over the endure nine years in New York and the surrounding arena of the United States. We attending advanced to the opportunities that will be created through this acquisition."
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S.A. 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 beam lift architect with administration above Canada and the US including Patient Lifts of New England. In the UK, Prism includes Westholme and Care Free Lifting & Handling, arch distributors of affective and administration articles in the UK, and Freeway Health Care, a architect of beam hoists and battery chairs.
Showing posts with label Prism. Show all posts
Showing posts with label Prism. Show all posts
Monday, December 21, 2009
Prism Medical Ltd. (PM:TSX-VEN) Reports Third Quarter 2008 Financial Results
Prism Medical Ltd. (“Prism” or “the Company”) (PM:TSX-VEN) today appear its after-effects for the third division concluded August 31, 2008.
Net assets for the third division of 2008 added to $1.065 actor ($0.16 per allotment on a adulterated basis) against $0.908 actor ($0.12 per allotment on a adulterated basis) for the aforementioned aeon in 2007.
During the third division of 2008, revenues were $12.5 actor compared to $10.7 actor in 2007, an access of 17%.
North American revenues added 43% in 2008 over 2007 apprenticed by able institutional appeal for our articles serviced by added sales cadre and the absolute aftereffect of the accretion of Patient Lifts of New England. UK sales aggregate added 5%, account by an barter amount abatement of 6%.
Gross accumulation added $976 (21%) in 2008 over 2007 apprenticed by the sales access and amount efficiencies consistent from added UK production.
Earnings per allotment on a adulterated base for the nine months concluded August 31, 2008 were $0.45, an access of 73% over the aforementioned aeon in the antecedent year.
Andrew McIntyre, Chairman and CEO of Prism stated, “The third division of 2008 was actual absolute for the Company as we saw connected institutional appeal for our products, bigger accomplishment efficiencies and greater geographic coverage. Further improvements in US sales representation and banker bazaar allotment should aftereffect in approaching assisting growth.”
The axle of admiral of Prism has accustomed transaction on November 25, 2008 of a allotment of 4 cents per accepted allotment to the shareholders of almanac on November 11, 2008. A allotment action has been accustomed to pay a annual allotment of 4 cents per accepted share, although this allotment action may change based on approaching circumstances.
About Prism Medical
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 beam lift 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.
Net assets for the third division of 2008 added to $1.065 actor ($0.16 per allotment on a adulterated basis) against $0.908 actor ($0.12 per allotment on a adulterated basis) for the aforementioned aeon in 2007.
During the third division of 2008, revenues were $12.5 actor compared to $10.7 actor in 2007, an access of 17%.
North American revenues added 43% in 2008 over 2007 apprenticed by able institutional appeal for our articles serviced by added sales cadre and the absolute aftereffect of the accretion of Patient Lifts of New England. UK sales aggregate added 5%, account by an barter amount abatement of 6%.
Gross accumulation added $976 (21%) in 2008 over 2007 apprenticed by the sales access and amount efficiencies consistent from added UK production.
Earnings per allotment on a adulterated base for the nine months concluded August 31, 2008 were $0.45, an access of 73% over the aforementioned aeon in the antecedent year.
Andrew McIntyre, Chairman and CEO of Prism stated, “The third division of 2008 was actual absolute for the Company as we saw connected institutional appeal for our products, bigger accomplishment efficiencies and greater geographic coverage. Further improvements in US sales representation and banker bazaar allotment should aftereffect in approaching assisting growth.”
The axle of admiral of Prism has accustomed transaction on November 25, 2008 of a allotment of 4 cents per accepted allotment to the shareholders of almanac on November 11, 2008. A allotment action has been accustomed to pay a annual allotment of 4 cents per accepted share, although this allotment action may change based on approaching circumstances.
About Prism Medical
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 beam lift 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.
Prism Medical Ltd. (PM:TSX-VEN) Reports Second Quarter Financial Results
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
.
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
.
Prism Medical Ltd (PM:TSX-VEN) Announces Intention to Conduct a Non-Brokered Private Placement
Prism Medical Ltd. (“Prism”) (PM:TSX-VEN) appear today that it intends to conduct a non-brokered clandestine adjustment of accepted shares in the aggregate of up to $3,000,000 at a amount of $6.00 per share. The gain of the alms will be acclimated to armamentarium cardinal acquisitions, retire outstanding adjourned debt and accepted operations.
The alms will be continued to directors, chief executives, advisers and consultants of Prism and its subsidiaries in adjustment to added its objectives of auspicious allotment buying by these individuals and adjustment their interests as a accumulation and with the company. These individuals may borrow all or a allotment of the cable funds from HSBC Bank Canada or a accompanying article on accustomed cyberbanking terms. Prism has agreed to agreement these borrowings in adjustment to facilitate the subscriptions. The alms is advised to be a “related party” transaction for the purposes of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (the “Regulation”).
The alms is absolved from the academic appraisal and majority of the boyhood shareholders approval set out in the Regulation back at the time the transaction was agreed to, neither the fair bazaar amount of the accountable amount of, nor the fair bazaar amount of the application for, the transaction, insofar as it involves absorbed parties, exceeds 25% of the issuer’s bazaar assets in accordance with Sections 5.5 and 5.7 of the Regulation.
It is advancing that about 400,000 accepted shares in the basic of Prism will be issued which represents about 7.2% of the issued shares in the basic of Prism afterwards achievement of the offering. Proceeds will be payable to Prism and absolute shareholders will acquaintance dilution.
The subscribers beneath the alms who are "interested parties" as authentic in the Regulation cover assertive admiral and chief admiral of Prism or its subsidiaries. It is advancing that these individuals will acquirement 300,000 accepted shares in the basic of Prism beneath the alms which represents about 75% of the offered shares and 5.4% of the issued shares in the basic of Prism afterwards achievement of the offering.
About Prism:
Prism is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts 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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
Tel: (905) 850-0093 ext. 242
Fax: (905) 850 0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com
.
The alms will be continued to directors, chief executives, advisers and consultants of Prism and its subsidiaries in adjustment to added its objectives of auspicious allotment buying by these individuals and adjustment their interests as a accumulation and with the company. These individuals may borrow all or a allotment of the cable funds from HSBC Bank Canada or a accompanying article on accustomed cyberbanking terms. Prism has agreed to agreement these borrowings in adjustment to facilitate the subscriptions. The alms is advised to be a “related party” transaction for the purposes of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (the “Regulation”).
The alms is absolved from the academic appraisal and majority of the boyhood shareholders approval set out in the Regulation back at the time the transaction was agreed to, neither the fair bazaar amount of the accountable amount of, nor the fair bazaar amount of the application for, the transaction, insofar as it involves absorbed parties, exceeds 25% of the issuer’s bazaar assets in accordance with Sections 5.5 and 5.7 of the Regulation.
It is advancing that about 400,000 accepted shares in the basic of Prism will be issued which represents about 7.2% of the issued shares in the basic of Prism afterwards achievement of the offering. Proceeds will be payable to Prism and absolute shareholders will acquaintance dilution.
The subscribers beneath the alms who are "interested parties" as authentic in the Regulation cover assertive admiral and chief admiral of Prism or its subsidiaries. It is advancing that these individuals will acquirement 300,000 accepted shares in the basic of Prism beneath the alms which represents about 75% of the offered shares and 5.4% of the issued shares in the basic of Prism afterwards achievement of the offering.
About Prism:
Prism is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts 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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
Tel: (905) 850-0093 ext. 242
Fax: (905) 850 0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com
.
Prism Medical Announces Acquisition of Supplier of Moving and Handling Services
PRISM MEDICAL LTD. (TSX-V:PM) (“Prism”) today appear that it has completed the accretion of a UK supplier of affective and administration casework for the advancement broken able June 30, 2009. The accretion amount was $1.4m which was annoyed by a banknote transaction of $0.6m and deferred payments in the aggregate $0.8m. The deferred payments are repayable over 3 years calm with absorption at 7% over a appellation of 3 years.
The aggregation casework and maintains a advanced array of accessories including beam lifts, baths and beds into both continued appellation affliction and adroit affliction facilities.
The above buyer and key administration of the benefactor accept entered into application affairs and will abide to be amenable for the day to day operations.
Andrew A. McIntyre, Chairman and CEO of Prism stated, “The accretion continues our amplification into the accouterment of casework for our customers. The accretion is accepted to be accretive to balance in the accepted budgetary year and will strengthen Prism’s adeptness to assassinate its cardinal plans.”
About Prism:
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S.A. 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 and ErgoSafe Products, North America's arch appropriation & administration accessories and repositioning aid architect with administration above Canada and the U.S., 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
Tel: (905) 850-0093 ext. 242
Fax: (905) 850 0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com
.
The aggregation casework and maintains a advanced array of accessories including beam lifts, baths and beds into both continued appellation affliction and adroit affliction facilities.
The above buyer and key administration of the benefactor accept entered into application affairs and will abide to be amenable for the day to day operations.
Andrew A. McIntyre, Chairman and CEO of Prism stated, “The accretion continues our amplification into the accouterment of casework for our customers. The accretion is accepted to be accretive to balance in the accepted budgetary year and will strengthen Prism’s adeptness to assassinate its cardinal plans.”
About Prism:
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S.A. 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 and ErgoSafe Products, North America's arch appropriation & administration accessories and repositioning aid architect with administration above Canada and the U.S., 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
Tel: (905) 850-0093 ext. 242
Fax: (905) 850 0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com
.
Patient Lifts of New England, has Successfully Obtained Accreditation
Prism Medical Ltd. (PM:TSX-VEN) is appreciative to advertise that Patient Lifts of New England (PLNE), a Prism Medical Company operating above the northeastern USA, has auspiciously acquired accreditation beneath The Medicare Modernization Act (MMA). Designed to authority abiding medical accessories providers to a top authoritative standard, any aggregation adulatory to participate in Medicare programs have to access accreditation by an alignment accustomed by the Centers for Medicare and Medicaid Services (CMS). PLNE acquired its accreditation through The Compliance Team, Inc., P.O. BOX 160, 905 Sheble Lane, Suite 102 Spring House PA 19477, (215) 654-9110. www.exemplaryprovider.com.
Toni Esposito (BSN, ATP) of The Compliance Team Inc had this to say about the PLNE’s efforts. “The aggregation has done a ablaze job applying the affairs aural the organization.”
PNLE’s amount business is installing, application and advancement a advanced array of accessories in continued appellation care, adroit affliction accessories and clandestine homes. According to Robin Hale, PNLE bounded manager, CMS accreditation was important for the company. “Becoming an accepted alignment has fabricated us a added focused business, not alone in application and affair the needs of our client’s, advisers and our vendors, but aswell in acceptable us in acceptable a above alignment aural the abiding medical accessories arena.” Robin aswell thanked the Compliance Team Inc for all the harder work. “They absolutely affliction about our patients. I am so appreciative of our agents and their charge to this affairs and its adeptness to access a 99% percent account for compliance”.
Charley Wallace, President of Prism Medical USA, seconded Robin’s assessment and had this to add. “Not alone is Medicare-based business important, but accreditation demonstrates the top akin of accessories and account PNLE and Prism Medical offers their applicant base. Accreditation aswell sends important signals to clandestine bloom organizations such as Blue Cross, that the aggregation operates according to the accomplished standards. Medicare accreditation shows we’re a aggregation you can trust, that you can do business with us.”
About Prism
Prism is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts and battery chairs. For added information, amuse appointment http://www.prismmedicalltd.com.
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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
Tel: (905) 850-0093 ext. 242
Fax: (905) 850-0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com .
Toni Esposito (BSN, ATP) of The Compliance Team Inc had this to say about the PLNE’s efforts. “The aggregation has done a ablaze job applying the affairs aural the organization.”
PNLE’s amount business is installing, application and advancement a advanced array of accessories in continued appellation care, adroit affliction accessories and clandestine homes. According to Robin Hale, PNLE bounded manager, CMS accreditation was important for the company. “Becoming an accepted alignment has fabricated us a added focused business, not alone in application and affair the needs of our client’s, advisers and our vendors, but aswell in acceptable us in acceptable a above alignment aural the abiding medical accessories arena.” Robin aswell thanked the Compliance Team Inc for all the harder work. “They absolutely affliction about our patients. I am so appreciative of our agents and their charge to this affairs and its adeptness to access a 99% percent account for compliance”.
Charley Wallace, President of Prism Medical USA, seconded Robin’s assessment and had this to add. “Not alone is Medicare-based business important, but accreditation demonstrates the top akin of accessories and account PNLE and Prism Medical offers their applicant base. Accreditation aswell sends important signals to clandestine bloom organizations such as Blue Cross, that the aggregation operates according to the accomplished standards. Medicare accreditation shows we’re a aggregation you can trust, that you can do business with us.”
About Prism
Prism is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts and battery chairs. For added information, amuse appointment http://www.prismmedicalltd.com.
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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
Tel: (905) 850-0093 ext. 242
Fax: (905) 850-0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com .
Prism Medical Ltd. (PM:TSX-VEN) Reports Third Quarter Financial Results
Prism Medical Ltd. appear its after-effects for the third division concluded August 31, 2009.
Net assets for the third division of 2009 decreased to $820 thousand ($0.13 per allotment on a adulterated basis) against $1.065 actor ($0.16 per allotment on a adulterated basis) for the aforementioned aeon in 2008.
During the third division of 2009, revenues were $15.1 actor compared to $12.4 actor in 2008, an access of 22%, apprenticed by an access in sales aural the United States and the UK. The Company continues to focus its efforts on the US exchange through added sales initiatives and bounded coverage. In the UK, sales added 25% afterwards accumulation the appulse of a abatement in the British Pound Sterling (GBP) about to the Canadian dollar.
In the third division of 2009, gross accumulation added $927 (16%) 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. Selling, accepted and administering costs added $1,180 (34%) over the aforementioned aeon endure year primarily as a aftereffect of accumulation the operating costs of new acquisitions and basement costs incurred aural the US.
Earnings per allotment on a adulterated base for the three months concluded August 31, 2009 of $0.13 per allotment represents a abatement of 18% over the aforementioned aeon endure year.
In the third division of 2009, EBITDA was $2,098 vs. $2,434 over the aforementioned aeon in 2008. The abrasion of the British batter admirable on a year over year base bargain EBITDA in the third division of 2009 by $220 CDN.
Andrew McIntyre, Chairman and CEO of Prism declared “the third 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.”
About Prism Medical Ltd.
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts and battery chairs. For added information, appointment http://www.prismmedicalltd.com.
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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
T: 905-850-0093 ext. 242
F: 905-850-0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com .
Net assets for the third division of 2009 decreased to $820 thousand ($0.13 per allotment on a adulterated basis) against $1.065 actor ($0.16 per allotment on a adulterated basis) for the aforementioned aeon in 2008.
During the third division of 2009, revenues were $15.1 actor compared to $12.4 actor in 2008, an access of 22%, apprenticed by an access in sales aural the United States and the UK. The Company continues to focus its efforts on the US exchange through added sales initiatives and bounded coverage. In the UK, sales added 25% afterwards accumulation the appulse of a abatement in the British Pound Sterling (GBP) about to the Canadian dollar.
In the third division of 2009, gross accumulation added $927 (16%) 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. Selling, accepted and administering costs added $1,180 (34%) over the aforementioned aeon endure year primarily as a aftereffect of accumulation the operating costs of new acquisitions and basement costs incurred aural the US.
Earnings per allotment on a adulterated base for the three months concluded August 31, 2009 of $0.13 per allotment represents a abatement of 18% over the aforementioned aeon endure year.
In the third division of 2009, EBITDA was $2,098 vs. $2,434 over the aforementioned aeon in 2008. The abrasion of the British batter admirable on a year over year base bargain EBITDA in the third division of 2009 by $220 CDN.
Andrew McIntyre, Chairman and CEO of Prism declared “the third 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.”
About Prism Medical Ltd.
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts and battery chairs. For added information, appointment http://www.prismmedicalltd.com.
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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Contact:
William G. Edwards
Chief Financial Officer
Prism Medical Ltd
Vaughan, ON
T: 905-850-0093 ext. 242
F: 905-850-0061
wgedwards@prismmedicalltd.com http://www.prismmedicalltd.com .
Prism Medical Announces Acquisition of Distributor of Moving and Handling Equipment and Services
Prism Medical Ltd (TSX-V:PM) today appear that it has completed the accretion of a UK benefactor of affective and administration accessories and casework for the advancement broken able Dec 1, 2009. The accretion amount was $1.2m which was annoyed by a banknote transaction of $0.7m and deferred payments in the aggregate $0.5m. The deferred payments are repayable over 3 years calm with absorption at 7% over a appellation of 3 years.
The aggregation supplies, installs, casework and maintains a advanced array of accessories including beam lifts, attic lifts, amount lifts and through attic lifts into the home affliction and continued appellation affliction channels.
The key administration of the benefactor accept entered into application affairs and will abide to be amenable for the day to day operations.
Andrew A. McIntyre, Chairman and CEO of Prism stated, “The accretion continues our amplification into the accouterment of artefact and casework for our barter in the UK.
The accretion is accepted to be accretive to balance in the advancing budgetary year and will access our adeptness to accommodate top levels of chump account in the UK and strengthen Prism’s adeptness to assassinate its cardinal plans.”
About Prism Medical Ltd:
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts 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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
For added information, amuse contact: William G. Edwards, Chief Financial Officer, Prism Medical Ltd.Tel: (416) 260-2145 (Ext. 230), wgedwards@prismmedicalltd.com
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Press Contact:
Andrew McIntyre
President, CEO and Chairman
Prism Medical Ltd
Vaughan, ON
Tel: (416) 260-2145 ext. 235
Fax: (416) 260-9195
prism@prismmedicalltd.com http://www.prismmedicalltd.com .
The aggregation supplies, installs, casework and maintains a advanced array of accessories including beam lifts, attic lifts, amount lifts and through attic lifts into the home affliction and continued appellation affliction channels.
The key administration of the benefactor accept entered into application affairs and will abide to be amenable for the day to day operations.
Andrew A. McIntyre, Chairman and CEO of Prism stated, “The accretion continues our amplification into the accouterment of artefact and casework for our barter in the UK.
The accretion is accepted to be accretive to balance in the advancing budgetary year and will access our adeptness to accommodate top levels of chump account in the UK and strengthen Prism’s adeptness to assassinate its cardinal plans.”
About Prism Medical Ltd:
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. 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 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., 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 U.K. and Freeway Health Care, a U.K.-based architect of beam lifts 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 Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
For added information, amuse contact: William G. Edwards, Chief Financial Officer, Prism Medical Ltd.Tel: (416) 260-2145 (Ext. 230), wgedwards@prismmedicalltd.com
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Press Contact:
Andrew McIntyre
President, CEO and Chairman
Prism Medical Ltd
Vaughan, ON
Tel: (416) 260-2145 ext. 235
Fax: (416) 260-9195
prism@prismmedicalltd.com http://www.prismmedicalltd.com .
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