Caprius, Inc. Announces 115% 2007 Revenue Growth.HACKENSACK, N.J. -- Caprius, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CAPS) announced revenue for the year ended September 30, 2007 totaled $2,664,404 compared to $1,235,469 last year, an increase of approximately 115.6%. Revenue for the fourth quarter ended September 30, 2007 was $840,627, an increase of 109% compared to $401,967 in the same quarter last year and a 24% sequential increase compared to the third quarter ended June 30, 2007. Dwight Morgan, 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. of Caprius, commented, "In 2007, we saw a considerable increase in the demand for our cost-efficient, safe and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] solution for the on-site disposal of medical waste. This demand was driven by broader regulatory approval for the product, improved sales and distribution and word-of-mouth endorsements throughout the medical community that Caprius provides an economical and dependable solution. We also bolstered our domestic and international distribution capabilities by partnering with McKesson Medical-Surgical and 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. , Inc., two of the leading medical distributors." Mr. Morgan continued, "The customer base grew dramatically as we sold across a broader range of markets including dialysis clinics, surgical centers and hospitals. The number of SteriMed systems delivered in 2007 increased dramatically to over 60 units. Of particular note, during the year we worked closely with top dialysis companies to place units in clinics and further extended our reach into the small and medium sized dialysis chain market. Finally, the SteriMed Junior was placed into a highly anticipated shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. trial with the U.S. Navy, as they look to develop a viable on-site medical waste management solution for the unique shipboard environment." Mr. Morgan concluded, "As we head into 2008, our strong backlog of orders includes new as well as repeat customers, and spans a diverse range of customers in the U.S. and overseas. The increasing demand for our units, together with our recent financing, positions us well to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this market opportunity and scale our business to profitability." These results are as reported in our recently filed Form 10-KSB. About Caprius Caprius, Inc. is a manufacturer of proprietary equipment for the on-site disinfection disinfection, n the process of destroying pathogenic organisms or rendering them inert. disinfection, full oral cavity, n a procedure used to reduce active periodontal disease, usually completed within a certain short time frame. of infectious medical waste through its subsidiary, M.C.M. Environmental Technologies, Inc. The Company's innovative SteriMed technology simultaneously shreds and disinfects solid and liquid regulated medical waste, reducing the volume by up to 90% and rendering it harmless for disposal as ordinary waste. The SteriMed units are economical, compact, efficient and convenient, as well as environmentally friendly. The MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. patented technology offers an alternative to hauling and incinerating medical waste. Industry analysts estimate the medical waste market to be approximately $3 billion in the US and approximately $10 billion worldwide. More information on the Company and MCM can be found at www.caprius.com and www.mcmetech.com. 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. Statement This press release may contain 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 risks and uncertainties. These statements refer to future plans, objectives, expectations and intentions. These statements may be identified by the use of words such as "anticipate," "believe," "intend," "plan," "expect" and other similar expressions. The Company's actual results could differ materially from those discussed in, or implied by, such forward-looking statements. You should also be aware of risks and uncertainties that, in the Company's view, could cause actual results to differ materially including changes related to regulatory and environmental approvals, manufacturing, operations, capital needs, technological advances by competitors and changes in health care reform, including reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. programs. Certain information concerning economic trends and performance is based upon or derived from information provided by third-party consultants and other industry sources. While the Company believes that such information is accurate and that the sources from which it was obtained are reliable, it cannot guarantee the accuracy of such information, as it has not independently verified the assumptions on which projections of future trends and performance are based. |
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