American Medical Technologies Settles Suit With Henry Schein.Business Editors & Health/Medical Writers CORPUS CHRISTI Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). , Texas--(BW HealthWire)--Aug. 21, 2001 American Medical Technologies, Inc. (Nasdaq:ADLI) announced that it has settled its outstanding suit against Henry Schein Henry Schein Inc. is a Fortune 500 company based in Melville, New York. It is a distributor of healthcare products and services primarily to office-based healthcare practitioners in the North American and European markets. The Company operates in two business segments. for an undisclosed amount. American Medical had filed the suit in July 2000 to recover approximately $293,000 of past due receivables plus interest and cost of collection. Under the settlement agreement, all terms of the settlement are to remain confidential. "We are happy to be able to put this matter behind us and to move on with our business," said Ben J. Gallant, Chairman 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. . "We are approaching an exciting time in our business with the upcoming launch of the new dental chairs and units and the erbium erbium (ûr`bēəm) [from Ytterby, a town in Sweden], metallic chemical element; symbol Er; at. no. 68; at. wt. 167.26; m.p. 1,529°C;; b.p. 2,863°C;; sp. gr. 9.05 at 25°C;; valence +3. yag laser YAG laser Yttrium-aluminum-garnet laser, Nd:YAG–neodymium:yttrium-aluminum-garnet–laser. See Laser. . We felt it was time to resolve this matter so that we can focus our energies on the future and these new products." Certain statements made in this release may constitute "forward looking statements" within the meaning of the federal securities laws. While we believe any forward-looking statements we have made are reasonable, actual results could differ materially since the statements are based on our current expectations and are subject to risks and uncertainties. These risks and uncertainties include, without limitation, the items listed or discussed in the Company's reports filed with the Securities and Exchange Commission. The Company does not undertake, and expressly disclaims any obligation, to update or alter its forward looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. American Medical Technologies, headquartered in 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. , develops and manufactures advanced technologies for dentistry 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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