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FINANCIALS
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![]() ![]() Vessel Sealing Products The Federal District Court Complaint, filed in Tampa, Florida against Steve Livneh, Lican Development, Ltd. and Henvil Corp. (both controlled by Mr. Livneh), was instituted to protect the Company and its shareholders from ongoing actions by the defendants that were considered damaging to Bovie’s best interests. Mr. Livneh was removed from the Board for cause at a Special Board Meeting held on July 16, 2010. Despite these unwelcome diversions, the Company proceeds with its vessel sealing product research and testing protocols necessary for the FDA 510K submission process. Developmental and engineering progress continues to be made while vice president of sales and marketing for surgical products, Jeff Rencher, prepares to market the Company’s vessel sealing products and other offerings. Recent J-Plasma Developments The Company is actively developing enhancements to its J-Plasma™ product, which leverage and combine unique properties of Mr. Rencher, as part of market planning for all of Bovie’s specialty surgical products, foresees the addition of up to 100 independent sales representatives located throughout the United States during the next twelve months. Shipments of surgical products, including the recently released Bovie coated electrodes, will commence by month’s end to the new specialty sales reps. The Company also reports the extension of its OEM agreement with Medtronic Inc. through 2012. For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 BOVIE MEDICAL CORPORATION APPOINTS JEFF RENCHER AS VICE PRESIDENT SALES AND MARKETING FOR SURGICAL PRODUCTS Andrew Makrides, president of Bovie, stated, “Jeff’s vast experience in increasing medical product sales through building direct and indirect sales teams will be a valuable addition to our management team. ” An employment agreement with Mr. Rencher was entered into on June 25, 2010, and as part thereof, he was awarded a restricted non-qualified stock option for an aggregate of 30,000 shares of common stock, exercisable at $6 per share. The option has a ten year term and will vest upon the achievement of key sales objectives. This press release is issued in accordance with the exemption afforded under Section 711(a) of the NYSE AMEX Company Guide which exempts certain stock option grants made as an inducement to employment from the stockholder approval requirement. For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 BOVIE MEDICAL CORPORATION ANNOUNCES FIRST QUARTER FINANCIAL RESULTS; GROWTHINK SECURITIES INC. NAMED STRATEGIC ADVISOR
Revenues for the quarter ended March 31, 2010 totaled $5,599,107 versus $7,217,324 for the comparable period last year; resulting in net loss of $(225,774) or $(0.01) per diluted share as compared to net income of $403,266 or $.02 per diluted share in the same period in the prior year. While OEM business declined and is difficult to predict, the Company anticipates an improvement in non-OEM and new product sales. The Company also announced today that it has retained Growthink Securities, Inc. to assist Bovie as its strategic consulting, business planning and financial advisor in connection with developing various sales and marketing strategies, any potential financing and/or sale transaction, related to one or more of Bovie’s medical device product lines. Growthink services include strategic business planning consulting, investment banking, market research, feasibility studies and private equity investing. NEW PRODUCT ACTIVITIES Andrew Makrides, president of Bovie, stated, “While management is disappointed in the first quarter’s results, we continue to work to improve the Company’s bottom line by cutting costs and increasing efficiencies. The Company remains optimistic regarding its future prospects and its new proprietary products targeted towards the higher margin hospital, surgi-centers and specialty markets. Recent progress with our Sintered Steel technology highlighted by FDA clearance of the soon to be launched BOSS™ device, adds to our optimism. Pre-clinical testing for the Seal-N-Cut™ vessel sealing instrument line has been scheduled to collect data for a 510k submission, while plans for marketing the product are moving forward. J-Plasma, a product with multi-market potential, is advancing toward market availability during 2010. We understand shareholder impatience and frustration with perceived delays in new product introductions into the marketplace. However, the lengthy process of developing new technologies into new products is often the result of regulatory hurdles that must be overcome. Additionally, our recent $3.0 million private placement will be directed at marketing our new products, while not precluding a large company collaboration.” Commenting on the Growthink relationship, Mr. Makrides added, “Growthink has the expertise and relationships within the medical device industry that can enhance our new product development and revenues with the ultimate goal of increased shareholder value.” Sintered Steel Bovie received a 510k marketing clearance for BOSS™, a bipolar sintered steel electrocautery device in late March of this year and has commenced marketing of the product. The BOSS™ device will be primarily targeted to orthopedic surgeons performing hip and knee arthroplasty procedures; a market comprised of approximately 1.1 million procedures performed in the US annually. The estimated worldwide market for the sintered steel technology is in excess of $500 million. Vessel Sealing The Company recently received 510(k) clearance to market its ICON™ VS generator designed to perform vessel sealing procedures, while providing both monopolar and bipolar energy options to the surgeon. The clearance of the ICON™ VS generator allows the Company to complete testing required for a 510(k) Seal-N-Cut™ instrument submission. Bipolar vessel sealing and coagulation is one of the fastest growing markets in electrosurgery, estimated to exceed $1 billion in revenues worldwide. J-Plasma™ The manufacturing and development of multiple units has commenced with the goal of distributing to physicians and surgeons in various specialties. We are studying the possibilities of our plasma technology being useful in promoting wound healing, viral eradication and oncologic applications. Bovie anticipates J-Plasma™ systems will be available for sale this fiscal year. In other news, the Company announced it will be attending the Jefferies 2010 Global Life Sciences Conference to be held at The Grand Hyatt in New York City on June 8-11, 2010. Bovie’s presentation will be Friday, June 11th from 2:15PM-2:45PM. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. About Growthink, Inc. Growthink is an integrated investment banking, strategy consulting, and venture investing firm. Founded in 1999, Growthink has worked with more than 2,000 clients, including start-ups, small and medium-sized businesses, venture capital firms, Fortune 1,000 companies, and other organizations. GT Securities, the firm's subsidiary, provides one-of-a-kind investment banking services, a platform that combines hands-on management support, business sector experience, and transactional expertise. Growthink specializes in medical device and healthcare technology engagements. For more information about Growthink, please refer to the Company’s website. www.growthink.com For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com.
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Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 BOVIE MEDICAL CORPORATION ANNOUNCES FIVE YEAR CONTRACT TO SELL BOVIE PRODUCTS WITHIN THE U.S. GOVERNMENT’S HEALTHCARE SYSTEM
Under the terms of the contract, Bovie Medical Corporation products are available for sale throughout the entire federal healthcare continuum, the single largest healthcare provider in the United States, which includes 1,606 Veterans Healthcare facilities, Department of Defense medical treatment facilities, Health & Human Services (HHS) and other government agencies. The annual medical equipment/supply budget for these agencies is estimated to total in excess of $5 billion annually. Rob Saron, chief sales and marketing officer and a director of Bovie Medical, stated, “Securing the FSS contract has taken over two years and a lot of hard work negotiating with the U.S. government. Our marketing team is excited about the potential sales opportunities afforded by this agreement.” For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemed.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ:RODM - News), acted as the exclusive placement agent for the offering. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 BOVIE MEDICAL CORPORATION ANNOUNCES 510(k) APPLICATION FOR A NEW OFFICE BASED HIGH FREQUENCY ELECTROSURGICAL GENERATOR
For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 Andrew Makrides, president of Bovie, stated, “Receiving FDA clearance to market the BOSS™ is a significant milestone in Bovie’s development of disposable high margin proprietary products for fast growing markets.” For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 Revenues for the quarter ended December 31, 2009 totaled $6,533,177 as compared to $7,137,838 for the comparable period last year, resulting in *net income of $27,388 or $.00 per diluted share as compared to net income of $38,767 or $.00 per diluted share during the comparable period in the prior year. Revenues for the year-ended December 31, 2009 were $26,953,447 as compared to $28,096,510 for the comparable period in 2008. *Net income for the year-ended December 31, 2009 totaled $595,222 or $.03 per diluted share compared to net income of $1,831,788 or $.11 per diluted share in the comparable period in 2008. The decline in revenues during 2009 was primarily attributable to a general slowdown in purchasing by hospitals and physicians’ offices caused by the current economy and political uncertainty surrounding the medical industry. Net income was impacted by a substantial increase in professional fees, litigation expenses (including a one-time settlement payment of $160,000) and expenses related to the occupancy of the Company’s new facility located in Clearwater, Florida. Gross profit margins increased almost 2% in 2009 from 2008, primarily due to stricter cost controls and improved sales mix. *Prior to filing our Annual Report on Form 10-K for the year ended December 31, 2009, we amended the computation of deferred tax assets and the related income tax benefit. In preparing our 2009 income tax returns, we initiated a review of our net operating loss carryforwards which were initially fully used in 2008. During this review we became aware that since as early as 2003 we had not taken a tax deduction for the taxable compensation issued to holders of certain Non-Qualified Stock Options as a result of their exercise of such options (the difference between the exercise value and the amounts booked as a deduction). As a result of this review we determined that our net operating losses were understated. Prior to 2007, management determined that the deferred tax assets related to net operating losses and credits might not be realizable and, accordingly, maintained a valuation allowance against them. During the year ended December 31, 2007, management determined that such valuation allowances were no longer necessary, and accordingly, the valuation allowances were reversed, resulting in a benefit for income taxes being recorded for the anticipated utilization. Because management would have also concluded that the additional deferred tax assets resulting from the increase in net operating losses were fully realizable, we have included the entire amount as income in 2007 as an income tax benefit (approximately $1.555 million). There was no effect on the 2008 consolidated statement of income; however this adjustment did result in an increase in amounts refundable, an increase in deferred tax assets and the allocation of such assets between current and non-current in 2007. The Company’s current liquidity increased by approximately $65,000 and $79,000 for 2007 and 2008, respectively, as a result of these changes. The effect on the fourth quarter and for the year ended December 31, 2009 was a tax benefit of approximately $152,000. NEW PRODUCT DEVELOPMENT ACTIVITIES DURING YEAR Resistick II Resistick II is coating applied to stainless steel which resists eschar (scab or scar tissue caused by burning) during surgery. Since receiving 510(k) clearance at the end of December, the Company has received initial contractual sales commitments. Coated electrodes continue the expansion of the Bovie line of electrosurgical disposables. Sintered Steel The proprietary sintered steel technology is a stainless steel sponge that allows saline to flow through it in conjunction with radiofrequency energy creating a stick-resistant coagulation effect minimizing bleeding during surgery. Bovie’s first commercialized sintered device, SEER™ is a single-use monopolar electrosurgical electrode used for dissection and coagulation of soft tissue. Late in 2009, we launched a laparoscopic version of SEER™; procedures using the SEER™ and Lap SEER™ have been performed in both liver and kidney resections in over 20 institutions domestically and internationally with continued positive surgeon feedback. Bovie submitted a 510k application for marketing of its newest sintered steel product BOSS™, a bipolar sintered steel electrocautery device. The device will be primarily targeted to orthopedic surgeons performing hip and knee arthroplasty procedures; a market comprised of approximately 1.1 million procedures performed in the US annually. The estimated worldwide market for the sintered steel technology is in excess of $500 million.
Vessel Sealing The Company recently received 510(k) clearance to market its ICON™ VS generator designed to perform vessel sealing procedures, while providing both monopolar and bipolar energy options to the surgeon. The clearance of the ICON™ VS generator allows the Company to complete testing required in support of its previously filed 510(k) for Seal-N-Cut™ vessel sealing instruments. The Seal-N-Cut™ devices accommodate a wide array of possible applications in either monopolar or bipolar surgeries thereby serving endoscopic needs in multiple endoscopic fields including Endo GYN, general surgeries, pediatric surgery, thoracic endoscopy and urology. Bipolar vessel sealing and coagulation is one of the fastest growing markets in endoscopy, estimated to exceed $1 billion in revenues worldwide. As part of the planning for the manufacturing and the commercialization of the Company’s Seal-N-Cut™ product line, all Canadian operations are being transferred to our new Florida facility. J-Plasma™ J-Plasma™ technology utilizes a gas ionization process producing a stable thin beam of ionized gas that can be controlled in a wide range of temperatures and intensities, providing the surgeon great precision, and an absence of conductive currents during surgery. The J-Plasma™ portfolio consists of a proprietary generator, which regulates the helium gas flow, while controlling the precise energy and rate of current simultaneously delivered depending on the clinical use. The computer assisted combination of gas flow and energy profile is adjustable to suit a specific clinical use. The J-Plasma™ disposable handpieces are designed for ease of use in all surgical fields allowing expansion into multiple markets. Potential markets include gynecology, urology, dermatology, plastic surgery, neurology, gastroenterology, and veterinary medicine. Bovie received FDA marketing clearance for J-Plasma™ in the second half of 2009 and continues to perform research on this platform in the areas of soft tissue coagulation in OB/GYN, GI surgery and dermatology. The manufacturing and development of multiple systems has commenced with the goal of distributing to physicians and surgeons in the above mentioned specialties. Additionally, we are studying the performance of our plasma technology in promoting wound healing, viral eradication and oncologic applications. Bovie expects commercialization of its J-Plasma™ system in 2010.
Andrew Makrides, president of Bovie, stated, “Subsequent to receiving 510(K) clearance for our new products, we anticipate commercialization of our proprietary technologies either through agreements with other companies and/or independently.” Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com.
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Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 “We are pleased that Mr. Keen has joined Bovie at this time. He is multi-skilled and will be involved in areas of the Company’s business development requiring his legal and technical advice,” stated Andrew Makrides, President and Chief Executive Officer of Bovie Medical. Prior to joining the Company, Mr. Keen has worked as an attorney, business executive, entrepreneur and technologist. He served as a partner with Kaplan, Ward & Patel, an associate with Allen Dyer Doppelt Milbrath & Gilchrist and a solo practitioner where he specialized in intellectual property and business law. He also served as Vice President of Legal and Strategic Affairs at Kinetics, Inc. (a NCR Subsidiary) and as Chief Information Officer at Payroll Transfers, Inc. Mr. Keen received a Bachelor of Science degree in Chemistry/Mathematics from the University of Miami and a Juris Doctor, with honors, from the University of Florida Levin College of Law. In addition to being a U.S. registered patent attorney and member of the Florida Bar, Mr. Keen has extensive experience in the technical, business and executive management fields. An employment agreement with Mr. Keen was entered into on March 2, 2010, and as part thereof, he was awarded a restricted non-qualified stock option for an aggregate of 100,000 shares of common stock, exercisable at the closing price on that date. The option has a ten year term and vests over seven years, or at the rate of 14.29 percent per annum. This press release is issued in accordance with the exemption afforded under Section 711(a) of the NYSE AMEX Company Guide which exempts certain stock option grants made as an inducement to employment from the stockholder approval requirement. For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this new release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Contact Information
Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 MEDLINE INDUSTRIES SIGNS THREE YEAR GPO AGREEMENT WITH AMERINET
FOR SALE OF BOVIE MEDICAL ELECTROSURGICAL GENERATORS AND ACCESSORIES Medline is one of the world’s largest distributors of hospital supplies and has exclusive distribution rights to Bovie branded generators in the United States. The Medline Industries/Bovie Medical agreement replaces a previous contract holder that generated multi-million in sales of supplies and equipment over the 3 year contract term to Amerinet member hospitals. Andrew Makrides, CEO of Bovie Medical Corp., commented, "This agreement is significant to Bovie for it gives Amerinet network members access to some of the most advanced electrosurgical technology in the marketplace." About Medline Industries: Medline, the nation's largest privately held manufacturer and distributor of healthcare products, manufactures and distributes more than 100,000 products to hospitals, extended care facilities, surgery centers, home care dealers and agencies and other markets. Headquartered in Mundelein, IL, Medline has more than 800 dedicated sales representatives nationwide to support its broad product line and cost management services. Over the past five years, Medline has been the fastest growing distributor of medical and surgical supplies in the U.S., serving as the primary distributor to over 250 major hospitals and health care systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing the supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities, and on-staff clinicians. www.medline.com About Amerinet: As a leading national healthcare group purchasing organization, Amerinet strategically partners with acute and alternate care providers to reduce costs and improve quality through its performance solutions. Built on a foundation of data, savings and trust, and supported by a team of clinical and supply chain experts, Amerinet enriches healthcare delivery for its members and the communities they serve. www.amerinet-gpo.com For further information about the Company’s current and new products, please refer to the Investor Relations section of Bovie’s website www.boviemedical.com. This document may contain some forward looking statements, particularly regarding operational prospects in 2009 and beyond, which involve a number of risks and uncertainties that could cause actual results to differ materially. These risks are listed from time to time in the Company’s SEC filings.
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Investor Relations: John Aneralla Buttonwood Advisory Group, Inc. Phone (800) 940-9087 |
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