Caprius, Inc. Announces 135% Revenue Increase for the Second Quarter.HACKENSACK, N.J. -- Caprius, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CAPS) announced revenue for the second quarter ended March 31, 2007 (as reported in the Company's 10-QSB filing) grew 135% to $639,597 from $272,038 for the second quarter last year. On a sequential basis, revenues grew 26% compared to the first quarter of Fiscal 2007. This quarter continues Caprius' sequential quarterly revenue growth of 18%, 25%, 26%, and 26% for the third and fourth quarters of Fiscal 2006 and the first and second quarters of Fiscal 2007, respectively. For the six month period ended March 31, 2007, the total revenues were $1,148,021 as compared to $512,926 for the same period during fiscal 2006. This represents revenue growth of approximately 123%. 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, "We are very pleased with the continuing growth we are seeing as more and more healthcare providers realize the tremendous economic and environmental benefits of our proprietary solution for 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. and disposal of medical waste. The increase in sales this quarter was largely the result of our further penetration of the dialysis market. As announced last quarter, we received orders for several SteriMed Systems from one of the largest independent providers of dialysis services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and we are very encouraged by the progress with this relationship. Additionally, we continue to expand our business by developing new markets such as small hospitals. Finally, our recently formed partnerships 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 distributors in the healthcare arena, dramatically expand our sales reach and we are confident that they will help accelerate our market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ." About Caprius Caprius, Inc. is a manufacturer of proprietary equipment for the on-site disinfection and disposal 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 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] . 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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