MEDirect Latino Inc. Receives Strong Upgrade by Respected Research Firm
February 07 2006 - 6:00PM
Business Wire
MEDirect Latino, Inc., (OTCPK: MLTO): -- We continue to show
significant revenue increases on a monthly basis with a customer
stick ratio of 99%. As we enter a new year, we expect our gross
revenues to increase dramatically in conjunction with our 2006
national television advertising campaign and our improved marketing
efforts in Puerto Rico. MEDirect Latino, Inc., (OTCPK: MLTO) is
pleased to announce a well-respected firm TSC, has upgraded their
equity rating on MLTO. This strong upgrade comes at a time when the
company is reporting month over month record revenue growth with
plans for doubling its employee base within the quarter. TSC is
noted for their work with, account executives, analysts, portfolio
managers, institutions, venture capital investors, individual
investors and the media. To view the entire independent research
report, please click on the attached URL: http://www.otclive.com or
visit: http://www.medirectlatino.org. Ms. Debra Towsley, President
of MEDirect Latino, Inc. states, "We are honored to have a quality
independent research firm review our overall operations, progress
and to provide the resulting upgrade in our stock. This provides
further confirmation to our shareholders that our company is headed
in the right direction". Ms. Towsley further stated, "2005 has been
a record year for our company. We continue to show significant
revenue increases on a monthly basis with a customer stick ratio of
99%. As we enter a new year, we expect our gross revenues to
increase dramatically in conjunction with our 2006 national
television advertising campaign and our improved marketing efforts
in Puerto Rico. We conservatively estimate the current Hispanic
market for our Medicare reimbursed medical products to be $748MM in
the continental United States." ABOUT MEDIRECT LATINO: MEDirect
Latino (OTCPK:MLTO) is a rapidly growing, uniquely positioned
provider of direct-to-consumer Medicare reimbursed medical products
focused exclusively on chronic diseases afflicting the Hispanic
community in the United States and Puerto Rico. MEDirect is the
only company positioned to serve the U.S. Hispanic healthcare
market as a direct-to-consumer Medicare provider on an
authentically national level. The Company's current focus is the
distribution of products for the treatment of Type II diabetes
specifically because of its disproportionate impact and increasing
diagnosis rate within the US Hispanic population, noting an
incidence of 120% higher than among non-Hispanic whites. Safe
Harbor Disclosure: This press release includes ``forward-looking
statements'' within the meaning of the federal securities laws,
commonly identified by such terms as ``believes,'' ``looking
ahead,'' ``anticipates,'' ``estimates'' and other terms with
similar meaning. Although the Company believes that the assumptions
upon which its forward-looking statements are based are reasonable,
it can give no assurance that these assumptions will prove to be
correct. Important factors that could cause actual results to
differ materially from the Company's projections and expectations
are disclosed in the Company's filings with the Securities and
Exchange Commission. All forward-looking statements in this press
release are expressly qualified by such cautionary statements and
by reference to the underlying assumptions.
Medirect Latino (CE) (USOTC:MLTO)
Historical Stock Chart
From Oct 2024 to Nov 2024
Medirect Latino (CE) (USOTC:MLTO)
Historical Stock Chart
From Nov 2023 to Nov 2024