DentlCare To Acquire New CAD/CAM Dental Technology; Expects Acquisition to Add $8.3 Million to '97 Revenues.TULSA, Okla.--(BUSINESS WIRE)--Nov. 12, 1996--DentlCare Management, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DCMI DCMI Dublin Core Metadata Initiative (Online Computer Library Center) DCMI Disclosure of Classified Military Information ) announced today that it has entered into an agreement to acquire Texas-based Automated Products Incorporated (API). Closing is expected to occur on or before Jan. 31, 1997. API's gross revenues exceeded $1.5 million for their fiscal year ended July 31, 1996 and the company projects revenues exceeding $8.3 million for calendar year 1997. Terms of the agreement were not disclosed. API has developed new CAD/CAM CAD/CAM in full computer-aided design/computer-aided manufacturing. Integration of design and manufacturing into a system under direct control of digital computers. technology for the automated production of crowns (replacement teeth). These new computer-aided milling units allow significantly better fits, utilizing stronger materials and much less labor, all in record production time. Economical upgrades are handled through the software rather than the hardware. One design station can control up to eight Milling Units at a time, allowing one operator to produce up to one hundred or more crown copings per day. Less than three minutes "Three Minutes" is the 46th episode of Lost. It is the twenty-second episode of the second season. The episode was directed by Stephen Williams, and written by Edward Kitsis and Adam Horowitz. It first aired on May 17, 2006 on ABC. of hands-on time is required to produce a milled coping from a prepared die and less than 25 minutes are required to produce a fully formed crown. New features are currently under development for the system, including the ability to produce multi-unit bridges, inlays, onlays and laminates. Additionally, DCMI has negotiated the acquisition of exclusive manufacturing rights which will enable API to produce very economical and extremely high quality "Tooth Shaped Blanks" for the system to mill complete crowns with additional time savings. "DCMI will concentrate its efforts to utilize this new technology in revolutionizing the dental profession by introducing the One Appointment Crown in dental centers nationwide," said President 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. , John C. Edwards John Cummins Edwards (June 24, 1804 - October 14, 1888) was the Governor of Missouri from 1844 to 1848. He belonged to the Democratic Party. He was born in Frankfort, Kentucky and died in Stockton, California. . "Currently, most patients are required to wear a temporary crown for two to four weeks while the dental lab produces the permanent crown." DCMI is a dental practice management company which has developed models for the creation and management of high-quality, high volume dental practices. In addition to its previously announced letter of intent to acquire the Chicago Denture denture, artificial replacement for natural teeth and surrounding tissue. Dentures are classified as partial or complete. The former are removable and maintained by clasps, or are fixed bridges with crowns cemented over adjacent teeth or over spikes embedded in the Clinic, DCMI currently manages 13 dental care operations providing fee-for-service as well as managed care dental services within Oklahoma, Nevada and Illinois. -0- This press release contains forward looking statements that involve a number of risks and uncertainties. Important factors that may cause actual results to differ greatly from those forward looking statements include market conditions, market demand, acceptance of the products, present company finances and future requirements. CONTACT: DENTLCARE MANAGEMENT, INC. J. Kenneth Hurst, CFO See Chief Financial Officer. 918-254-6600 or Porter, Le Vay & Rose, Inc. David Mandy or Thomas D. Gibson, Media Consultant 212/564-4700 |
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