Printer Friendly

Criticare Systems, Inc. Announces Creation of Veterinary Care Division.

Business Editors


CRITICARE SYSTEMS, INC. (AMEX:CMD). Criticare Systems, Inc. (CSI) today announced it has formally entered into the veterinary care market. During the past year the company has developed proprietary sensors, software and a portable wireless technology relevant to the monitoring of certain animal groups. It has also redesigned a number of CSI monitors for dedicated application to this market. A seasoned manager who has spent his entire career in the veterinary field was recruited and brought into the company to direct marketing and sales efforts. Subsequently, the CSI veterinary line of monitors and sensors was introduced at the North American Veterinary Conference held in Orlando, Florida this past January. Sales and shipments began at this time.

According to statistics for the year 2001 contained in the web sight of the American Veterinary Medical Association (AVMA), there are in excess of 21,000 veterinary practices in the United States. The total annual revenue reported in these practices exceeded $14 billion. The visitation frequency, level of care, and medical sophistication of veterinary practices has accelerated dramatically in the past decade. Many procedures now require multi-parameter monitoring, both operative and post-operative. CSI believes it is well positioned with a dedicated veterinary line of proprietary sensors, monitors and a unique wireless system to become a major factor in this market.

CSI ( designs, manufactures, and markets cost-effective patient monitoring systems and noninvasive sensors for a wide range of hospitals and alternate health care environments throughout the world.

This press release contains forward-looking statements. Such statements refer to the Company's beliefs and expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those described. Such uncertainties include, but are not limited to, the timely completion of new products, regulatory approvals for new products, the risk of new and better technologies, risks relating to international markets, as well as general conditions and competition in the company's markets. Other risks are set forth in CSI's reports and documents filed from time to time with the Securities and Exchange Commission.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 1, 2004
Previous Article:Etruscan Announces Mining Conference Schedule.
Next Article:Vulcan to Present at the Smith Barney Citigroup Global Industrial Manufacturing Conference.

Related Articles
Criticare Systems reports first quarter operating results.
Criticare Systems Announces Appointment of New President and CEO.
Pet Insurer Markets Policies Through
Criticare Systems, Inc. -CSI- Announces the Creation of a Telemonitoring Subsidiary.
Criticare Systems, Inc. Common Stock Approved for Listing on the American Stock Exchange.
Criticare Systems, Inc. Fiscal Year 2004 Third Quarter Results.
Criticare Systems, Inc. Reports Fiscal Year 2004 Results.
Advanstar Comm. seeks buyer for remainder of assets.
Criticare Systems, Inc., Announces Sensitron's careTrends(R) Interface to Criticare's VitalCare(TM) Portable VSM.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters