Advanced Medical Institute Inc. Extends Services to New Zealand.SYDNEY, Australia -- It was announced today by Dr. Jack Vaisman, chief executive officer, president and chairman of the board of directors of Advanced Medical Institute Inc. (Pink Sheets:AVMD AVMD Adult-Onset Vitelliform Macular Dystrophy ), a leading provider of treatment for erectile dysfunction Erectile Dysfunction Definition Erectile dysfunction (ED), formerly known as impotence, is the inability to achieve or maintain an erection long enough to engage in sexual intercourse. (ED) and premature ejaculation Premature Ejaculation Definition Premature ejaculation occurs when male sexual climax (orgasm) occurs before a man wishes it or too quickly during intercourse to satisfy his partner. (PE) treatment in Australia, that AVMD recently extended its service offerings into New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and has received initial results from those operations. AVMD commenced providing treatment programs in the New Zealand market on July 15, 2005, after instituting a wide-reaching radio and press advertising campaign throughout the country. The company has been encouraged by the initial results of the program, which have been cash flow positive since commencement. AVMD's services are being provided from its head office in Sydney, where two of the company's 25 medical personnel are doctors that are licensed in both Australia and New Zealand. AVMD intends to move towards full operation in the New Zealand market shortly. "We are very pleased with the initial response to our program outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public. in New Zealand. We believe that we now have the capability to reach our potential patient base in New Zealand via our network of low-cost phone lines and video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. services which allow our professional medical staff to work with patients on a one-on-one basis. These programs, which meet all of New Zealand's regulatory and compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). , are fully supported by our office staff in Australia, and each patient works directly with one of our New Zealand-qualified medical personnel to develop a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. treatment program. The New Zealand market is quite similar to the Australian market, with relatively few regulatory or compliance differences. Given its proximity and cultural similarities to Australia, we believe that we will be able to continue to expand our presence into the New Zealand market in the short to medium term," stated Vaisman. About the Company Advanced Medical Institute Inc. (Pink Sheets:AVMD), with headquarters in Sydney, is a leading provider of treatment programs for erectile dysfunction and premature ejaculation in Australia. The company operates 22 treatment clinics in Australia, has more than 130 employees, including 25 medical personnel and, since its inception, has provided treatment to more than 250,000 patients. Advanced Medical Institute and its predecessor companies began treating PE and ED patients successfully in 1993, six years prior to the launch of Viagra in 1999, in Australia. This news release contains 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. within the meaning 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. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the company's operations and financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products and pricing; changes in consumer preferences and tastes or perceptions of health-related issues; effectiveness of advertising or market-spending programs; changes in laws and regulations; fluctuations in costs of production, foreign exchange and interest rates; and other factors as those discussed in the company's reports filed with the Securities and Exchange Commission from time to time. |
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