VERTEBRON(TM), Inc. Announces 2006 Results.Spinal Implant Manufacturer Reports 50% Growth STRATFORD, Conn. -- VERTEBRON(TM), Inc., a privately held U.S. based spinal implant manufacturer, today announced record sales revenue for the year ending December 31, 2006. The Company's recorded revenues increased 50% over 2005. Bruce Khalili, 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. of VERTEBRON, commented on the strong growth of the company, "I am very pleased with our sales results. Our product philosophy has always centered on developing safe, innovative and easy to use spinal systems that address real clinical issues. Our core fusion products, the PSS See EPSS. Pedicle pedicle /ped·i·cle/ (ped´i-k'l) a footlike, stemlike, or narrow basal part or structure. ped·i·cle n. 1. A constricted portion or stalk. 2. Screw System and the SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it. Cervical Plating System, accounted for the majority of our revenue growth in 2006. This growth was driven by a strong 4th quarter which was spearheaded by the expansion of our distribution network immediately following the great response to our product line at NASS Nass (năs), river, 236 mi (380 km) long, rising in the Coast Mts., W British Columbia, Canada, and flowing SW to Portland Inlet of the Pacific Ocean. It is navigable for 25 mi (40 km) and has valuable salmon fisheries. ." Khalili continued, "We intend to leverage this sales momentum in 2007 by introducing three new technologically innovative products, including our patented stabilization-enhanced VBR (1) See MP3 VBR. (2) (Variable Bit Rate) Refers to a communications or computer channel that changes its transmission speed based on any number of criteria. System and an MIS lumbar lumbar /lum·bar/ (lum´bar) pertaining to the loins. lum·bar adj. Of, near, or situated in the part of the back and sides between the lowest ribs and the pelvis. system. VERTEBRON's reputation in the spinal implant market is one as an innovator with a strong patent portfolio. In addition to rounding out the current product line, this product expansion will further establish our commitment to advancement of spine technologies. We fully expect 2007 to be another record-breaking year as we continue to build upon these recent successes." VERTEBRON is a privately-held, medical device company that has developed next-generation spinal implants, including artificial discs (motion preservation), cervical plates, pedicle screws and interbody fusion systems which integrate spinal, orthopaedic and total joint technologies. VERTEBRON's comprehensive product portfolio offers simplified surgical techniques with enhanced intra-operative flexibility and innovative instrumentation to spinal surgeons worldwide. For more information, please visit www.VERTEBRON.com. While this press release contains certain forward-looking statements, actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, risks and uncertainties detailed from time to time in VERTEBRON's Business Plan and other documents and as a result of other known and unknown risks and factors. |
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