A Leading Medical Supply Company Increases Sales by 100%.ST. PETERSBURG, Fla. -- Medical Home Products, Inc. (Pink Sheets:MHPT), http://www.medicalhomeproducts.com, today released its unaudited June 30, 2005 financial results. The company's sales for the first half of 2005 exceeded the sales of all of 2004 representing an increase in sales of over 100 percent. Paul Mathis President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "The company is continuing its current trend of acquiring medical distribution companies nationwide. By doing so, we expand and complement our existing product lines and increase our satisfied customers. Simultaneously, we are also developing a Spanish Language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons based Internet E-Commerce website and implementing Medicare Services for qualified customers. Medical Home Products continues to market its products on eBay, Amazon.com and through Independent distributor affiliate programs worldwide." A recent study conducted last year by Frost & Sullivan, reported that the U.S. home diagnostics and monitoring device market is seeing revenue growth of about 12 percent a year. The U.S. at-home test market has grown from $750 million in 1992 to over $2.82 billion in 2003. The aging population is escalating medical care costs and the increased interest in overall health issues have created a recent industry growth in America's at-home screening and monitoring test kits. The industry has attracted some big players, including Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. , Bayer Corp., Carter-Wallace Inc. and Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche . Manufacturers tout their products as an inexpensive, confidential, quicker alternative to visiting a local doctor or being referred to testing laboratories that may take several days for final test results. About Medical Home Products Medical Home Products, Inc. an International resale provider of over 200 self-test medical kits sold via the internet and direct sales. Medical Home Products differentiates itself in the 2.82 Billion Dollar US self-test kit market by selling a comprehensive line of cross selection medical self-test kits for diabetes, cholesterol, DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , fertility, HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , mineral levels, pregnancy, prostate, thyroid, drug and alcohol testing. Medical Home Products operates a direct sales and virtual network to the worldwide home medical market, organized clinics and drug rehab facilities. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This Press Release may contain published "forward-looking" statements made under the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements may include without limitation, regarding intent, belief or current expectations of the Company and its management. Actual results could differ materially from those anticipated in the forward looking statements as a result of a number of important factors, including regulatory actions, competition, adverse economic changes affecting markets we serve and management of growth. For a discussion of these and other risks and uncertainties that could affect the Company's activities and results, please refer to the Company's filings. Medical Home Products takes no obligation to update or correct forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . |
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