Vital Signs, Inc. Announces Projections for Fiscal 2005.TOTOWA, N.J. -- Vital Signs, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VITL) today announced its guidance for projected fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for fiscal 2005, which began October 1, 2004, to be between $2.10 and $2.15 per share, an approximately 20% increase over our estimated earnings of $1.74 to $1.77 for fiscal 2004. Fiscal 2004 estimates are prior to internal review and prior to audit. Terry Wall, 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 Vital Signs, commented, "We expect to see continued improvement in our Anesthesia and Respiratory/Critical segments resulting from an increase in sales volume from our Premier contracts and achieving the full year effect of productivity improvement initiatives which were begun in fiscal 2004. Our Sleep segment is expected to show significant improvement starting in the third quarter of fiscal 2005 when Breas, (our European subsidiary and manufacturer of personal ventilators and CPAP CPAP abbr. continuous positive airway pressure Continuous positive airway pressure (CPAP) A ventilation device that blows a gentle stream of air into the nose during sleep to keep the airway open. devices), begins to ship its new products some of which were exhibited at the European Respiratory Show in September. " All statements in this press release (including without limitation our guidance with respect to anticipated results for fiscal 2004 and as to anticipated full-year 2005 results), other than historical statements, constitute Forward Looking Statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results could differ materially from such statements as a result of a variety of risks and uncertainties, including unanticipated delays in bringing products to market, market conditions, and competitive responses as well as other factors referred to by Vital Signs in its Annual Report on Form 10-K for the year ended September 30, 2003. Vital Signs, Inc. and its subsidiaries design, manufacture and market primarily single-use medical products for the anesthesia, respiratory/critical care and sleep/ventilation markets, achieving the number one market share position in five of its major product categories. In addition, we provide pharmaceutical technology services to the pharmaceutical and medical device industry. The Company was recognized in the October 27, 2003 issue of Forbes Magazine as one of "The 200 Best Small Companies". Vital Signs is 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 certified and has CE Mark approval for its products. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion