Microtek Medical Holdings Expects Third Quarter 2005 Revenues of Approximately $33.5 Million
October 14 2005 - 10:00AM
PR Newswire (US)
Healthcare revenues increase 3.8 percent and 11.5 percent for the
third quarter and first nine months of 2005 ALPHARETTA, Ga., Oct.
14 /PRNewswire-FirstCall/ -- Microtek Medical Holdings, Inc.
(NASDAQ:MTMD) announced today that it expects to report net
revenues for the quarter and nine months ended September 30, 2005
of approximately $33.5 million and $101.7 million, respectively,
versus revenues of $34.0 million and $93.4 million for the
comparable 2004 quarter and nine- month period. The Company's
revenues are generated primarily from its healthcare operations
with the balance related to its OREX Technologies International
("OTI") division. The Company expects that it will report revenues
from healthcare operations of $32.5 million and $97.8 million in
the third quarter and first nine months of 2005, respectively,
which would represent growth over the same 2004 periods of
approximately $1.2 million, or 3.8 percent, and $10.1 million, or
11.5 percent, respectively. The Company anticipates that it will
report OTI division revenues for the third quarter and first nine
months of 2005 of approximately $1.0 million and $4.0 million,
respectively, which represent a decrease of approximately $1.7
million from $2.7 million in the third quarter of 2004 and $5.7
million for the first nine months of 2004. These anticipated
declines in the 2005 quarter and nine-month period are consistent
with management's expectations and are the result of the September
2004 licensing of the Company's OREX technology to a third party
and the related $1.2 million sale of certain raw material
inventories used in the manufacture of finished goods for sale to
the nuclear industry which was recorded in September 2004. The
Company has not yet completed its accounting for the third quarter
of 2005. The Company's expectations about what it will report for
revenues for the third quarter and first nine months of 2005 are
tentative pending the completion of such accounting. Conference
Call: The Company's results of operations for the quarter ended
September 30, 2005 are scheduled to be released on Tuesday,
November 8, 2005. A conference call will be conducted by Dan R.
Lee, President and CEO, and Jerry Wilson, CFO, at 4:30 p.m. Eastern
Time on Tuesday, November 8, 2005, and will be accessible to the
public by calling 1-877-407-9210, Reference: Microtek Medical.
International callers dial 1-201-689-8049. Callers should dial in
approximately 10 minutes before the call begins. To access the live
broadcast of the call over the Internet, log on to:
http://www.microtekmed.com/ A conference call replay will be
available through 11:59 p.m. Eastern Time on November 15, 2005 and
can be accessed by calling 1-877-660-6853 or (international)
1-201-612-7415; for both reference conference call account #286,
Conference ID # 173044. About Microtek Medical: Microtek Medical is
a leading manufacturer and supplier of innovative product solutions
for patient care, occupational safety and management of infectious
and hazardous waste for the healthcare industry. Headquartered near
Atlanta, Georgia, the Company offers an extensive line of infection
control, fluid control and safety products, such as disposable
equipment and patient drapes, which are marketed to healthcare
professionals through multiple channels, including direct sales,
original equipment manufacturers ("OEM's") and private label
arrangements. Microtek Medical's goal is to provide healthcare
professionals with innovative product solutions that encompass a
high-level of patient care and prevention of cross infection in
operating rooms and ambulatory surgical centers worldwide. For
further information, visit http://www.microtekmed.com/. DATASOURCE:
Microtek Medical Holdings, Inc. CONTACT: Dan R. Lee, President
& CEO, or Roger G. (Jerry) Wilson, CFO, or John Mills, Investor
Relations, or , or +1-800-476-5973, all of Microtek Medical
Holdings, Inc. Web site: http://www.microtekmed.com/
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