American Medical Alert Corp. Reports Results For Third Quarter Ended September 30, 2001 -- Continued Profitability In The Third Quarter.Business Editors OCEANSIDE Oceanside. 1 City (1990 pop. 128,398), San Diego co., S Calif., on the Gulf of Santa Catalina; inc. 1888. It is a commercial and trading center for an inland farm area and for nearby Camp Pendleton, a huge U.S. marine corps amphibious base. , N.Y.--(BUSINESS WIRE)--Nov. 15, 2001 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Medical Alert Corp. (Nasdaq: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 net income of $106,220, or $0.02 per share, for the quarter ended September September: see month. 30, 2001 on revenues of $3,517,794, compared to a net loss of $250,183, or $0.04 per share, on revenues of $2, 570,925 for the third quarter of 2000. Total revenues increased 37% for the three months ended September 30, 2001 compared to the same period in 2000. Revenues and net income for the nine months ended September 30, 2001 were $10,262,742 and $118,225, or $0.02 per share, respectively, compared to revenues of $7,676,162 and a net loss of $24,529, or $0.00 per share, in the first nine-month period ended September 30, 2000. Total revenues increased 34% for the nine-month period ended September 30, 2001 compared to the same period in 2000. On November November: see month. 5, 2001 AMAC announced it entered into an exclusive strategic alliance with Health Hero Network, Inc. the developer of award winning technology for remote patient monitoring and disease management. This alliance is anticipated to create new home care applications. The new product offerings should enable AMAC to expand its presence in the growing markets of Home Care, Hospitals, Managed Care, as well as the existing Personal Emergency Response System (PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. ) market. "We entered this year with a plan to return to profitability, which we achieved beginning in the second quarter, while continuing to build the management team, and invest in new technology. AMAC has demonstrated its continued profitability in the third quarter. AMAC believes the market place for its products is expanding as clinical intervention A procedure used in a lawsuit by which the court allows a third person who was not originally a party to the suit to become a party, by joining with either the plaintiff or the defendant. and disease management continues to improve health outcomes. The Company is pleased with the growth of our core business and is enthusiastic about the opportunities with Health Hero Network, Inc. In the initial phase of development of our strategic alliance with Health Hero, we envision increasing our corporate overhead in order to implement the development and marketing of AMAC's emergency response technology with Health Hero's technology platform. " said Howard Howard, English noble family. Landowners in Norfolk from the 13th cent., the Howards obtained the duchy of Norfolk through the marriage of Sir Robert Howard to Margaret Mowbray, daughter of Thomas Mowbray, 1st duke of Norfolk. M. Siegel Siegel, a surname, is associated with two ethnic groups. As a Jewish surname Siegel (סג"ל) it could be an acronym of Segan Levi (סגן לוי), meaning "Assistant Levite". , 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. of AMAC. AMAC is a leading provider of PERS and 24-hour on-call-monitoring services to assist the health care community in providing at-risk at-risk adj. Being endangered, as from exposure to disease or from a lack of parental or familial guidance and proper health care: efforts to make the vaccine available to at-risk groups of children. 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 diversified (di·verˑ·s marketing and referral network, AMAC markets its products to hospitals, home care providers, ambulance am·bu·lance n. A specially equipped vehicle used to transport the sick or injured. ambulance Emergency medicine A vehicle for transporting a Pt to or from a hospital or medical center, which is equipped with supplies companies, 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 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. 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.
AMERICAN MEDICAL ALERT CORP
SELECTED FINANCIAL DATA
Three Months Nine Months
Ended Ended
09/30/2001 09/30/2000 09/30/2001 09/30/2000
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Revenues $3,517,794 $2,570,925 $10,262,742 $7,676,162
Earnings before Interest,
Taxes Depreciation &
Amortization $739,945 $52,009 $1,874,440 $1,309,292
Net Income $106,220 $(250,183) $118,225 $(24,529)
Net Income (Loss)
per Share
Basic $0.02 $(0.04) $0.02 $0.00
Diluted $0.02 $(0.04) $0.02 $0.00
Basic Weighted Average
Shares Outstanding 6,449,186 6,414,111 6,427,303 6,411,760
Diluted Weighted Average
Shares Outstanding 6,520,644 6,414,111 6,573,775 6,411,760
CONDENSED BALANCE SHEET
September 30, December 31,
2001 2000
(Unaudited)
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ASSETS
Current Assets $4,951,116 $4,772,191
Inventory of Medical Devices 1,206,179 1,886,016
Fixed Assets - Net 6,640,361 6,707,226
Other Assets 1,729,086 1,768,400
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Total Assets $14,526,742 $15,133,833
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities $3,159,712 $2,458,983
Deferred Income Tax 507,000 507,000
Longterm Debt 631,670 2,107,843
Longterm Capital Lease 235,402 308,721
Put Warrant Obligation 249,000 189,000
Other Liabilities 7,366 11,566
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Total Liabilities $4,790,150 $5,583,113
Stockholders' Equity 9,736,592 9,550,720
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Total Liabilities and
Stockholders' Equity $14,526,742 $15,133,833
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