Austin Medical Technologies, Inc. Breaks the 200 Mark, by Adding 12 New Contracts in the Month of June.PLANO, Texas -- Austin Medical Technologies, Inc. (Pink Sheets:AMTK AMTK Amtrak ), dba eyeDirecti, announces 12 new contracts in June. All the contracts are multi year contracts, providing an additional $500,000 of new business. Kurt Tarter, President & 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. , states: "We are happy to see the addition of these new customers to our existing base and we expect to see continued large gains in our sales. With the addition of over 200 surgery centers, as a result of these contracts, we have stronger buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. to improve our margins and leverage our new products penetration." About Austin Medical Technologies, Inc./eyeDirecti(TM) (Brand) Austin Medical Technologies delivers "DIRECT" from the manufacturer to the Surgeon, the only technology based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA. Austin Medical is dedicated exclusively to the Ambulatory Surgery Center ambulatory surgery center A free-standing center that performs various types of surgery (ASC ASC Ambulatory surgery center, see there ) market. Ambulatory Surgery Centers (ASC), also called outpatient surgery, and same-day surgery same-day surgery Managed care Any operation which, in absence of complications may be provided at a hospital on an outPt basis. See ASC surgical services. , refers to surgical procedures which are complex enough to require a dedicated operating room operating room n. Abbr. OR A room equipped for performing surgical operations. and specially trained staff, but do not require an overnight stay. According to 1996 U.S. government statistics, ambulatory surgery centers account for 31 million or 44% of the total surgeries performed in the United States. Five million surgeries were performed on eyes. New surgical techniques such as laser surgery allow procedures to be done more quickly and/or with less surgical trauma. Under the brand name eyeDirecti, Austin Medical is initially focused on Ophthalmology owned and operated surgery centers which is the fastest growing segment of the ASC market, growing by 25% per annum, consisting of 2,500 practices with 15,000 surgeons performing over 5 million surgical procedures annually at a supply cost of $400,000,000 per year. Austin Medical is positioned to capture $40,000,000 (10%) of this $400,000,000 market within the next 4 years. Visit our e-commerce site at http://www.eyedirecti.com Note: Any statements released by Austin Medical Technologies, Inc, or any of its affiliates that are forward-looking, are made pursuant to the safe harbor provisions of 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 . Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. |
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