AMS Homecare Reports 70% Increase in Q3 Revenues.VANCOUVER, British Columbia -- - AMS AMS - Andrew Message System reports a profitable third quarter compared to previous year loss AMS Homecare Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHCKF) is pleased to announce that net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the three months ended November 30, 2005 increased by $728,206 or 70% to $1,774,212 compared to the same period a year ago. Year to date net sales increased by $1,431,712 or 31% to $6,011,690 compared to the same period last year with the addition of new products and services and higher sales of mobility products. Gross profit as a percentage of net sales for the three and nine months ended November 30, 2005 was 42.5% and 42.8%, respectively, compared to 37.9% and 40.1% in the same periods a year ago. The current year-to-date margins are higher due to the change in the mix of products and services sold and the increase in value of the Canadian dollar. Ms. Rani ra·ni also ra·nee n. pl. ra·nis also ra·nees 1. The wife of a rajah. 2. A princess or queen in India or the East Indies. Gill, president stated that the company continued its growth in our wholesale division and we continued to make progress in our IER IER Institut d'Economie Rurale IER Institute for Economic Research (Ljubljana, Slovenia) IER Institute for Employment Research IER Ion-Exchange Resin (building material) IER Initial Environmental Review systems division which will lead to a rewarding year. We are expecting additional growth from our 65Plus division next year." Earnings before income taxes were $15,801 for the quarter ended November 30, 2005 compared to a loss of $136,752 for the same quarter last year. Year to date earnings before income taxes increased by $328,196 to $607,906 compared to $279,710 for the same period last year. The year to date increase in total expenses of $408,726 was more than offset by the increase in gross profit of $736,922. Selling expenses as a percentage of net sales for both the three and nine months ended November 30, 2005 was 14.4% and 12.9%, respectively, compared to 18.9% and 14.0% in the same periods last year. The overall dollar amount increased by $57,789 for the quarter and $130,048 for the year to date compared to the same periods a year ago. The year to date increase in selling costs are a result of the setting up of the retail outlet, additional staff and higher volume of sales. The year to date increase of $139,803 in office, occupancy, insurance, and salaries costs are a result of the opening of the Company's first retail outlet in the United States in November 2005. Public Company related costs of public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , transfer agent, regulatory filings and travel costs actually decreased by $54,106 for the nine months ended November 30, 2005 compared to the same period last year. Of this decrease, $50,201 is for public relations. The Company did not utilize the services of an outside public relations organization during the reporting period. Additional public Company costs of translating financial statements, USA filings, due diligence costs of various transactions announced by the Company and the ongoing costs of the lawsuit against the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. account for the $194,106 year to date increase in professional fees. Interest and bank charges increased by $39,841 year to date due to the increase in the existing bank credit facility and the long-term loan About AMS Homecare Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable, disposable medical products, patient monitoring technology and is a US retailer with its own pharmacy/durable equipment store (http://www.65plusstore.com). With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . More information is available at (http://www.amshomecare.com). Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under 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 . Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to update its forward-looking statements. AMS Homecare Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AHCKF) |
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