American Medical Alert Corp. Announces Preliminary 2000 Results of Operations.Business Editors OCEANSIDE, N.Y.--(BUSINESS WIRE)--April 4, 2001 American Medical Alert Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SC-AMAC), an innovative provider of Personal Emergency Response Systems, today announced that it expects, when its financial statements are finalized, to report a net loss of approximately $500,000 for the year ended December 31, 2000 compared to net income of $875,559 for the year ended December 31, 1999. The Company attributed the change in its results of operations to increases in: (i) costs of sales due, in part, to inventory shrinkage, the write-off of obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. , the redesign of the Company's model 800 PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. resulting in part from an expansion into geographic areas, including rural areas, where telephone line conditions would not support the Company's equipment and (ii) selling, general and administrative expenses due, in part, to legal costs associated with the Company's ongoing protest of the preliminary recommendation by the Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Administration of the City of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to award a contract for PERS services to another vendor, bad debt expense, hiring additional personnel to expand and enhance the Company's infrastructure and entry into additional markets. In addition, AMAC AMAC Adults Molested As Children AMAC Assistance to Mine-Affected Communities AMAC Aircraft Monitor And Control AMAC Approximate Message Authentication Code AMAC American Military Arms Corporation AMAC Asset Management Assistance Center reported that it is not in compliance with certain covenants under its bank loan agreement. AMAC's management is working with its bank lender to identify, cure and/or waive covenants with which AMAC is not in compliance. AMAC is a leading provider of medical response and 24-hour on-call-monitoring services to assist the health care community in providing at-risk patients with instant access to assistance from trained professionals. The Company is vertically integrated with involvement in all phases of service delivery including product design and development, manufacturing and testing, field service and 24-hour monitoring. Through a diversified marketing and referral network, AMAC markets its products to over 500 hospitals, home care providers, physicians, ambulance companies, medical equipment suppliers, state social services social services Noun, pl welfare services provided by local authorities or a state agency for people with particular social needs social services npl → servicios mpl sociales agencies, health maintenance organizations, as well as directly to consumers. This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward looking statements are set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-KSB, the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases. These include uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc competition, technological development, and trademarks. |
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