American Medical Technologies Reports Strong Third Quarter Results.Revenues Up 51% as AMT See vPro. Gears Up Marketing Program CORPUS CHRISTI, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. -- American Medical Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADLI) reported its financial results for the three and nine months ended September 30, 2006. Those results, compared with results for the same periods in 2005, are as follows: * Third-quarter revenues rose sharply, up 51% from a year ago. * Net loss per share was cut in half, $0.02 per share for the third quarter of 2006, compared with a $0.04 per share loss for the third quarter last year. * Nine month revenues rose 15% over last year. American Medical Technologies reported that revenues for the third quarter 2006 were $768,686, compared to $510,564 for the third quarter 2005. The increase in quarterly revenues included stronger sales of the company's products boosted by domestic and international marketing efforts led by Judd Hoffman, Vice President of Worldwide Sales. In addition, the company experienced favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. results from sales of Spectrum Dental whitening whit·en·ing n. 1. An agent used to make something white or whiter. 2. The act or process of making white or whiter. Noun 1. products. In April 2006, American Medical Technologies, Inc. entered into a 5 year exclusive distribution agreement of the Spectrum Dental product line. Third-quarter net loss was $176,343, or $0.02 per share, compared to a net loss of $320,217 or $0.04 per share for the third quarter of 2005. Higher revenues and continued efforts to remain an efficient operation contributed to lower losses in the quarter. For the first nine months of 2006, revenues were $1.85 million, versus $1.60 million for the first nine months of 2005. Net loss for the first nine months was $1.39 million, or $0.17 per share, compared with a net loss of $874,286, or $0.11 per share in 2005. The increase was primarily due to a one-time $410,000 settlement, or $0.05 per share and increased marketing costs. "The third quarter results demonstrate the success of our marketing program which is just starting to take effect. We believe our dental products provide dentists Dentists can refer to one of the following:
AMT, headquartered in Corpus Christi, Texas, develops and manufactures advanced technologies in the field of 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. The company's securities are quoted on the 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. under the symbol ADLI, and its website is at www.americanmedicaltech.com. The Company makes 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. in this press release and in its filings with the Securities and Exchange Commission. The Company's forward-looking statements are subject to risks and uncertainties and include information about its expectations and possible or assumed future results of operations. When the Company uses any of the words "believes", "expects", "anticipates", "estimates" or similar expressions, it is making forward-looking statements. The Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements contained in 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 for all of its forward-looking statements. While the Company believes that its forward-looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the Company's control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the following: the Company's inability to generate sufficient cash flow to meet its current liabilities Current Liabilities Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year. , the Company's potential inability to hire and retain qualified sales and service personnel, the potential for an extended decline in sales, the possible failure of revenues to offset additional costs associated with its change in business model, the potential lack of product acceptance, the Company's potential inability to introduce new products to the market, the potential failure of customers to meet purchase commitments, the potential loss of customer relationships, the potential failure to receive or maintain necessary regulatory approvals, the extent to which competition may negatively affect prices and sales volumes or necessitate ne·ces·si·tate tr.v. ne·ces·si·tat·ed, ne·ces·si·tat·ing, ne·ces·si·tates 1. To make necessary or unavoidable. 2. To require or compel. increased sales expenses, and the other risks and uncertainties set forth in this report. Other factors not currently anticipated by management may also materially and adversely affect the Company's results of operations. Except as required by applicable law, the Company does not undertake any obligation to publicly release any revisions which may be made to any forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or occurring after the date of this report. [TABLE OMITTED] |
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