Zila, Inc. to Acquire Professional Dental Technologies, Inc.
November 14 2006 - 8:30AM
Business Wire
Zila, Inc. (NASDAQ GM: ZILA), announced the execution of a
definitive agreement for the acquisition of Professional Dental
Technologies, Inc. (�Pro-Dentec��) a privately-held, professional
dental products company headquartered in Batesville, Arkansas.
Through its national sales and marketing organization, Pro-Dentec
offers, directly to dental professionals, a small suite of
proprietary, high-margin dental products that complement Zila�s
cancer screening and detection products. The acquisition price is
$34 million, which will be paid in cash at closing. The closing is
expected to occur on or about November 28, 2006 and is subject to
normal and customary closing conditions. �This acquisition
completes Zila�s transformation into a cancer diagnostic company
focused initially on oral cancer,� stated Douglas D. Burkett,
Ph.D., Chairman, Chief Executive Officer and President of Zila,
Inc. �Leveraging Pro-Dentec�s national dental sales force and its
compelling continuing education seminar series, will allow us to
fully realize the large market potential of ViziLite� Plus and
future oral cancer detection products.� Pro-Dentec focuses on Soft
Tissue Management (STM�) oral care products that it sells directly
to dental offices through its dedicated national sales force. The
company�s national marketing program reaches most of the nation�s
dental offices and includes approximately 115 continuing education
seminars each year that dentists and their staffs pay to attend.
These seminars, which are certified by the American Dental
Association and the Academy of General Dentistry, are ideally
suited to train a large number of dental offices on the importance
of oral cancer screening with ViziLite Plus. Pro-Dentec has annual
revenue of approximately $35 million and EBITDA of approximately $5
million. �With over twenty years of operating history exclusively
serving dental professionals, Pro-Dentec looks forward with
enthusiasm to working with Zila to establish ViziLite Plus as the
standard of care for oral cancer screening,� stated William T.
Evans, Chief Executive Officer and President of Pro-Dentec. Zila
believes that ProDentec will enable rapid growth of ViziLite Plus
while the OraTest regulatory effort is completed, such that
following its FDA approval, OraTest will be quickly launched
through a capable and growing sales and marketing infrastructure
focused on oral cancer detection. About Professional Dental
Technologies, Inc. ProDentec�, headquartered in Batesville,
Arkansas, is a leading designer, manufacturer and marketer of
products exclusively to dental professionals for Soft Tissue
Management (STM�) including the Rota-dent� Professional Powered
Brush with MicroAccess Flossing Action, the Pro-Select3�
Piezo-Ultrasonic Scaler System and a suite of pharmaceutical STM�
products for both in-office and home-care use. About Zila, Inc.
Zila, Inc., headquartered in Phoenix, is a leading cancer
diagnostic company initially focused on oral cancer: Zila
Pharmaceuticals is dedicated to establishing ViziLite� Plus as the
new standard of care for the early detection of oral abnormalities
that could lead to cancer. Zila Biotechnology is focused on
achieving regulatory approval for the next generation oral cancer
diagnostic, OraTest�, followed by the development of additional
applications of its cancer detection technologies including
products for the early detection of cervical and esophageal cancer.
For more information about Zila, visit www.zila.com. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
are based largely on Zila's expectations or forecasts of future
events, can be affected by inaccurate assumptions and are subject
to various business risks and known and unknown uncertainties, a
number of which are beyond the Company's control. Therefore, actual
results could differ materially from the forward-looking statements
contained herein. A wide variety of factors could cause or
contribute to such differences and could adversely impact revenues,
profitability, cash flows and capital needs. There can be no
assurance that the forward-looking statements contained in this
press release will, in fact, transpire or prove to be accurate. For
a more detailed description of these and other cautionary factors
that may affect Zila's future results, please refer to Zila's Form
10-K for its fiscal year ended July 31, 2006. Zila, Inc. (NASDAQ
GM: ZILA), announced the execution of a definitive agreement for
the acquisition of Professional Dental Technologies, Inc.
("Pro-Dentec(R)") a privately-held, professional dental products
company headquartered in Batesville, Arkansas. Through its national
sales and marketing organization, Pro-Dentec offers, directly to
dental professionals, a small suite of proprietary, high-margin
dental products that complement Zila's cancer screening and
detection products. The acquisition price is $34 million, which
will be paid in cash at closing. The closing is expected to occur
on or about November 28, 2006 and is subject to normal and
customary closing conditions. "This acquisition completes Zila's
transformation into a cancer diagnostic company focused initially
on oral cancer," stated Douglas D. Burkett, Ph.D., Chairman, Chief
Executive Officer and President of Zila, Inc. "Leveraging
Pro-Dentec's national dental sales force and its compelling
continuing education seminar series, will allow us to fully realize
the large market potential of ViziLite(R) Plus and future oral
cancer detection products." Pro-Dentec focuses on Soft Tissue
Management (STM(R)) oral care products that it sells directly to
dental offices through its dedicated national sales force. The
company's national marketing program reaches most of the nation's
dental offices and includes approximately 115 continuing education
seminars each year that dentists and their staffs pay to attend.
These seminars, which are certified by the American Dental
Association and the Academy of General Dentistry, are ideally
suited to train a large number of dental offices on the importance
of oral cancer screening with ViziLite Plus. Pro-Dentec has annual
revenue of approximately $35 million and EBITDA of approximately $5
million. "With over twenty years of operating history exclusively
serving dental professionals, Pro-Dentec looks forward with
enthusiasm to working with Zila to establish ViziLite Plus as the
standard of care for oral cancer screening," stated William T.
Evans, Chief Executive Officer and President of Pro-Dentec. Zila
believes that ProDentec will enable rapid growth of ViziLite Plus
while the OraTest regulatory effort is completed, such that
following its FDA approval, OraTest will be quickly launched
through a capable and growing sales and marketing infrastructure
focused on oral cancer detection. About Professional Dental
Technologies, Inc. ProDentec(R), headquartered in Batesville,
Arkansas, is a leading designer, manufacturer and marketer of
products exclusively to dental professionals for Soft Tissue
Management (STM(R)) including the Rota-dent(R) Professional Powered
Brush with MicroAccess Flossing Action, the Pro-Select3(R)
Piezo-Ultrasonic Scaler System and a suite of pharmaceutical STM(R)
products for both in-office and home-care use. About Zila, Inc.
Zila, Inc., headquartered in Phoenix, is a leading cancer
diagnostic company initially focused on oral cancer: -- Zila
Pharmaceuticals is dedicated to establishing ViziLite(R) Plus as
the new standard of care for the early detection of oral
abnormalities that could lead to cancer. -- Zila Biotechnology is
focused on achieving regulatory approval for the next generation
oral cancer diagnostic, OraTest(R), followed by the development of
additional applications of its cancer detection technologies
including products for the early detection of cervical and
esophageal cancer. For more information about Zila, visit
www.zila.com. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements are based largely on Zila's
expectations or forecasts of future events, can be affected by
inaccurate assumptions and are subject to various business risks
and known and unknown uncertainties, a number of which are beyond
the Company's control. Therefore, actual results could differ
materially from the forward-looking statements contained herein. A
wide variety of factors could cause or contribute to such
differences and could adversely impact revenues, profitability,
cash flows and capital needs. There can be no assurance that the
forward-looking statements contained in this press release will, in
fact, transpire or prove to be accurate. For a more detailed
description of these and other cautionary factors that may affect
Zila's future results, please refer to Zila's Form 10-K for its
fiscal year ended July 31, 2006.
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