Corporate Profile for Colorado MEDtech Inc., dated 7/31/98.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: 7/31/98
Company Name: Colorado MEDtech Inc.
Address: 6175 Longbow Drive
Boulder, Colo. 80301
Main Telephone
Number: 303/530-2660
Internet Home
Page Address
(URL) www.cmed.com
Chief Executive
Officer: John V. Atanasoff, II
Chief Financial
Officer: Bruce L. Arfmann
Investor Relations
Contact: Bruce L. Arfmann/Julia Ermes
Business number: 303/530-2660
Public Relations
Contact: Bruce L. Arfmann or John V. Atanasoff, II
Business number: 303/530-2660
Trading Symbol/
Exchange: CMED:NASDAQ
Industry: D&B 3841, 3845
Market Makers: John G. Kinnard; Sherwood Securities; J.P. Turner;
Herzog; Mayer & Schweitzer; Prudential Securities; Hilliard, Lyons;
Neidiger Tucker, Bruner; Cohig & Associates; Troster Singer; Hanifen
Imhoff; Nash Weiss; Southwest Securities; R. J. Steichen; Spencer
Edwards; Knight Securities
Company description: Colorado MEDtech Inc. ("CMED CMED Coordinated Medical Emergency Direction CMED Central Massachusetts Emergency Dispatch "), headquartered in Boulder, Colo., through its wholly owned affiliates, is a leading full-service provider of advanced medical products and comprehensive outsourcing services. CMED's operating units include RELA Inc., Novel Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Inc. (acquired in January 1997), CMED Respiratory Products Division, Erbtec Engineering Division (acquired in October 1997), and BioMed Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 Inc. RELA performs custom product development and manufacturing services, specializing in the design, development and manufacture of electronic and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). medical devices and software. Novel designs, develops and manufactures unique disposable medical devices, primarily catheters, used in angioplasty, minimally invasive surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. , electrophysiology and infertility treatment. Erbtec develops and manufactures advanced RF (Radio Frequency) subsystems custom-designed for direct integration into MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. (Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. ) systems for OEMs. BioMed Y2K provides services and support to validate year 2000 compliance for medical devices and healthcare facilities. CMED's revenues were $28 million and net income was $2.4 million for the year ended June 30, 1997. Revenues for the nine months ended March 31, 1998, were $32.9 million and net income was $2.9 million. CMED stock has traded between $5.12 and $10.25 per share for the period July 1, 1997, through March 31, 1998. CMED, RELA and Erbtec are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 and EN 46001 certified. Novel has been recommended for certification. CONTACT: Colorado MEDtech |
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