Coverage Initiated on Medical Nutrition USA Inc.
February 23 2009 - 9:12AM
Marketwired
Medical Nutrition USA, Inc. (NASDAQ: MDNU), a developer and
distributor of proprietary, nutrition medicine products, announced
today that Murphy Analytics, an equity research group, initiated
coverage and issued its first report on the company.
The report outlines the company's growth and analyzes recent
financial performance.
Highlights:
-- "Since being introduced to the institutional market less than six
years ago, over 50 million servings of Pro-Stat� have been administered
in over 5,000 US health care facilities."
-- "The US population aged 65 and over is likely to double over the next
two decades. MDNU is positioned to benefit from this massive demographic
shift by leveraging its competitive position to further penetrate this
population with new products while simultaneously expanding its target
market to include institutional and, beginning in the second half of
calendar 2009, retail users."
-- "With a strong market position for the existing product offering, an
attractive opportunity for expansion into retail, and the ability to
leverage the existing distributor network into the Canadian institutional
market, MDNU is well positioned for growth in revenue and profitability.
Additionally, the Company's very strong balance sheet provides the
capitalization to execute these expansion plans and to consider
complementary acquisitions."
"This report provides insights into our company's performance
and prospects that should be helpful to the investment community,"
Frank A. Newman, Medical Nutrition USA's Chairman, and Chief
Executive Officer, said. "We are pleased that Murphy Analytics has
initiated coverage and think that analyst coverage will help
increase awareness of what our company has achieved and what we can
accomplish in the months and years ahead."
The report can be accessed in the Investor Relations section of
the Medical Nutrition web site: www.mdnu.com.
About Medical Nutrition USA Inc.
Medical Nutrition USA develops and distributes products for the
nutritionally at risk who are under medical supervision. Its
products are used primarily in long-term care facilities,
hospitals, dialysis clinics and bariatric clinics. The Company's
product lines include Pro-Stat�, Fiber-Stat�, and UTI-Stat(TM), as
well as private label products.
This press release contains forward-looking statements that are
subject to certain risks and uncertainties. Although we believe
that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed. Risks and uncertainties that could
cause or contribute to such material difference include, but are
not limited to, general economic conditions, changes in customer
demand, changes in trends in the nursing home, renal care, health
food and bariatric surgery markets, changes in competitive pricing
for products, and the impact of our competitors' new product
introductions. Our future financial condition and results of
operations, as well as any forward-looking statements are subject
to change and inherent risk and uncertainties. Other important
factors that may cause actual results to differ materially from
those expressed in forward-looking statements is contained in the
Medical Nutrition USA, Inc. Annual Report on Form 10-K for the year
ended January 31, 2008 as filed with the Securities and Exchange
Commission on April 29, 2008 and Form 10-Q for the quarter ended
Oct. 31, 2008 filed on Dec. 15, 2008.
Contacts: Medical Nutrition USA, Inc. Frank J. Kimmerling Vice
President/CFO 800.221.0308 Email Contact Investor Relations Adam
Friedman 212.981.2529 x18 Email Contact
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