Microtek Medical Holdings Anticipates Fourth Quarter 2005 Revenues of Approximately $32.7 Million
January 23 2006 - 8:00AM
PR Newswire (US)
2005 healthcare revenues increase 2 percent for fourth quarter and
9 percent for full year ALPHARETTA, Ga., Jan. 23
/PRNewswire-FirstCall/ -- Microtek Medical Holdings, Inc.
(NASDAQ:MTMD) announced today that it expects to report revenues
from its healthcare operations of $32.1 million and $129.9 million
in the fourth quarter and full year of 2005, respectively, which
represent growth over the same 2004 periods of approximately $687
thousand, or 2.2 percent, and $10.7 million, or 9.0 percent,
respectively. The Company's consolidated revenues are generated
primarily from its healthcare operations with the balance related
to its OTI division. The Company expects to report consolidated
revenues for the quarter and full year ended December 31, 2005 of
approximately $32.7 million and $134.5 million, respectively,
versus consolidated revenues of $33.1 million for the fourth
quarter of 2004 and $126.6 million for the full year of 2004. The
Company's expected consolidated revenues for the full year of 2005
represent a 6 percent increase over revenues reported for the full
year of 2004. The Company has not yet completed its accounting for
2005. The Company's expectations about what it will report for
revenues for the fourth quarter and full year of 2005 are tentative
pending the completion of such accounting. Conference Call: The
Company's results of operations for the quarter and full year ended
December 31, 2005 are scheduled to be released on Thursday,
February 23, 2006. 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 Thursday, February 23, 2006, 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 March 2, 2006 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 #189159. 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/. First Call
Analyst: FCMN Contact: JMHEADLINE-ALERT@icrinc.com DATASOURCE:
Microtek Medical Holdings, Inc. CONTACT: Dan R. Lee, President
& CEO, or Jerry Wilson, CFO, or John Mills, Investor Relations,
of Microtek Medical Holdings, Inc., +1-800-476-5973, or Web site:
http://www.microtekmed.com/
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