American Dental Technologies Announces Record Revenues in 1998.SOUTHFIELD Southfield, city (1990 pop. 75,728), Oakland co., SE Mich., a suburb of Detroit, on the Rouge River; laid out 1817, inc. as a city 1958. There are electronics research, meat-processing, and printing facilities, and manufactures include plastic, metal, rubber, and , Mich.--(BW HealthWire)--Jan. 19, 1999--American Dental Technologies, Inc. (Nasdaq:ADLI) announced today record revenues for 1998. Revenues increased 31% to approximately $28.2 million in 1998, compared to $21.6 million in 1997. For the fourth quarter of 1998 revenues increased 44% to approximately $9.5 million, compared to $6.6 million in the same period in 1997. "The increase for the year ended December 31, 1998, was primarily due to a 17% increase in our core business of air abrasion abrasion /abra·sion/ (ah-bra´zhun) 1. a rubbing or scraping off through unusual or abnormal action; see also planing. 2. a rubbed or scraped area on skin or mucous membrane. and lasers plus the addition of the Ultracam sales since the acquisition on August 1, 1998. The Company is also pleased that foreign sales of air abrasion and lasers increased 27% in 1998 compared to 1997," said Ben J. Gallant, 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. . American Dental Technologies, headquartered in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. , develops and manufactures advanced technologies for dentistry dentistry, treatment and care of the teeth and associated oral structures. Dentistry is mainly concerned with tooth decay, disease of the supporting structures, such as the gums, and faulty positioning of the teeth. and markets them worldwide. It is listed on the Nasdaq National Market under the symbol ADLI. Its website is found at www.americandentaltech.com |
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