Pediatric Prosthetics Inc. Announces Crucial Step Toward Becoming the National ''Go-To Provider'' Our Stockholders Have Expected
16 6์ 2008 - 8:59PM
Business Wire
Pediatric Prosthetics Inc.๏ฟฝs (OTCBB:PDPRE) management announced
today the negotiations on a financing package that will allow the
Company to step to the forefront, providing American children with
state-of-the-art prosthetic care. Kenneth Bean, VP Operations,
stated, "We provide children with functional, comfortable
prostheses in 3 to 5 days instead of six to eight WEEKS as is
normally the case in our business. We charge no more than any other
prosthetics company. We honestly believe that laying those simple
facts before American parents in a caring way, makes the financing
costs our shareowners have endured...and will endure...a pretty
small price in the greater scheme of things. "Let me be very
specific here. Upon successful completion of the current financing
agreement negotiations, we will be able to increase our
marketing/advertising budget MORE THAN 12 FOLD. We will spend EACH
MONTH more than we could spend each YEAR up till now, (due to
registration costs), reaching out to young parents across the
country and offering them our unique experience and expertise to
their child with a limb-loss. "Please keep in mind that we are
addressing a hundred million dollar per year national market niche,
and for the very first time in our existence we are negotiating the
terms for the financial resources to properly step forward as the
national leader in caring for the kids. We now have some 36 allied
fitting facilities nationwide to allow us to serve that national
market niche very well. "If we do generate a 12-fold increase in
new patient-fittings over THESE NEXT TWELVE MONTHS, we could
generate revenue in the neighborhood of $6 million dollars, and
redoubling each year in the future; this with an annual cash
overhead of $1 million dollars net of financing costs. "Let me be
very clear on the financing costs issue. We here at Pediatric
Prosthetics expect to be a $20 million dollar revenue-per-year
company within three to four years. We genuinely HOPE our financial
partners, (The NIR Group), earn a whole lot of money. They stepped
to the table when nobody else could or would. If our productivity
projections are anywhere in the right neighborhood, they will earn
an acceptable return on their loan, and a delightful profit with
their warrants. That is the way it is supposed to work." About
Pediatric Prosthetics Inc. Pediatric Prosthetics Inc. is the
national provider of specialized pediatric prosthetics for both
upper and lower limbs. The Company๏ฟฝs CEO Linda Putback-Bean
pioneered fitting state-of-the-art myoelectric upper extremity
prostheses for the pediatric niche market. In the absence of a hand
or arm, a child's brain still continues sending signals to grasp or
open the hand in the residual limb. Myoelectric sensors can read
those signals through the skin, (requiring no surgery), and with a
computer chip can magnify those signals many fold to actuate a tiny
powerful motor to accomplish tasks with the life-like hand. In
2003, Ms. Putback-Bean founded Pediatric Prosthetics to create a
comprehensive organization that connects parents and their children
with a limb loss, to expert pediatric prosthetic fitting,
rehabilitation, and life-long care. As a result, Pediatric
Prosthetics hopes to increase the quality of life for patients and
their families nationwide. For more information, visit
http://www.kidscanplay.com. or call Kenneth Bean at 713-569-3896.
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. In particular when used in the preceding discussion, the
words "believes", "expects", "intends", "will", "anticipated" or
"may" and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Except for
historical information, all of the statements expectations and
assumptions contained in the foregoing are forward-looking
statements that involve a number of risks and uncertainties
including, without limitation, risks associated with operations,
availability of capital on a reasonable term, the effects of
government regulations and operations risks, and the risk factors
set forth from time to time in the Company's SEC reports, included
but not limited to its annual report on Form 10-KSB; its quarterly
reports on Forms 10-QSB, and any reports on Form 8-K. It is
possible that the assumptions made by management are not
necessarily the most likely and may not materialize. Pediatric
Prosthetics Inc. (PDPR.) takes no obligation to update or correct
forward-looking statements, and also takes no obligation to update
or correct information prepared by third parties that is not paid
for by the Company. The forward-looking statements contained herein
reflect the Company's judgment as of the date of this release, and
the Company cautions readers not to place undue reliance on these
statements.
Marathon (CE) (USOTC:PDPR)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 1์(1) 2025 ์ผ๋ก 2์(2) 2025
Marathon (CE) (USOTC:PDPR)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 2์(2) 2024 ์ผ๋ก 2์(2) 2025
Marathon Group Corporation (CE) (OTC ์์ฅ)์ ์ค์๊ฐ ๋ด์ค: ์ต๊ทผ ๊ธฐ์ฌ 0
More Pediatric Prosthetics Inc. News Articles