Navigation Links
AWT Management Announce Aggressive Growth and Acquisition Strategy
Date:9/7/2007

SOMERSET, N.J., Sept. 7 /PRNewswire-FirstCall/ -- AWT, Inc. (Pink Sheets: AWTM), a distributor of state-of-the-art medical equipment to the healthcare industry, announced today an aggressive revenue growth and acquisition strategy for the next 36 months. "With the new management team and board of directors in place, the company felt it necessary to let its shareholders know of the future of their investments," stated Christopher J. Neill, CEO. Continuing his statement, "Part of our Strategy is continually researching the market for new opportunities in acquisitions, new state-of- the-art equipment, new joint ventures, or simply increasing sales. Bringing these and additional areas of business together we feel will enhance shareholder value, and for the first third of our strategy, we have identified several acquisition targets for our focus."

The Company is presently in process of closing the first of several planned and in-process acquisitions. "As we finish this first acquisition and after we implement cost controls, AWT should show an approximate 30% increase in top line revenue and a 35% increase to the bottom line net income for this particular asset. That would mean a net of $202,500 for the acquisition which would more than cover the cost of it in the first year by approximately two fold", commented Mr. Neill, CEO. Final terms are currently being negotiated and the Company hopes to close within 30 days.

"AWT's revenue growth strategy for the healthcare industry overall is about reducing costs while keeping the margins high. The premise of having a core infrastructure of state-of-the-art technologies, methodologies, or processes, is to reduce costs for the clients you are servicing. By combining both core and associated technology and processes your overall cost reduces, allowing you to service clients at a lower cost to them and a higher margin to the Company," stated Ravi Saini, Chairman of the Board.

AWT expects to add 4 more executives and up to 20 new personnel over the next 12 months of its expansion strategy. Sources at the Company have said the addition of Mr. Donald Malter as Chief Financial Officer, brings in his 19 years of business, the experience of not only Finance and Publishing to the Company, but also the experience of Venture Enterprise. Mr. Peter Murray brings 23 years of top level sales in durable medical equipment and a outstanding reputation within the healthcare industry in the Northeast. "These executives are extraordinary professionals in their respective areas of expertise," said Mr. Saini. "We are pleased to welcome their contributions to our company with these positions," he added.

The Company believes its Strategic build-out as expressed herein will be executed and achieved but understands delays in business and execution of specific strategies and or contracts or negotiations occur.

This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.


'/>"/>
SOURCE AWT, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. New Modality in Migraine Management
2. Self-Management Program Beneficial for Back Pain
3. Self-Management Program Beneficial for Back Pain
4. Disease Management Programs – Effective for Heart Patient
5. Effective Management Of Heart Patients
6. New advance in prostate cancer management
7. Gastrin, Much More Than The Weight Management Hormone
8. Medical Management Now Available For Miscarriage
9. Early Awareness About Weight Management Needed To Tackle Lifelong Obesity
10. Exercise For Effective Pain Management In Old People
11. Glimepiride in the medical management of Type 2 diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... PITTSBURGH, Pa. (PRWEB) , ... October 13, 2017 , ... ... the dark poses a problem. Fortunately, an inventor from Austin, Texas, has identified a ... access to medication in darkness or restricted lighting. As such, it eliminates the need ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Hannah Randall, PharmD ‘17, and Jennifer Huggins, PharmD ’17, along with clinical ... the primary prevention of cardiovascular diseases during the 15th Annual Women’s Health ...
(Date:10/13/2017)... RIDGE, N.J. (PRWEB) , ... October 13, 2017 , ... ... annual Holly Day Market. Featuring a collection of specialty vendors and unique items from ... of personalized and quality-focused health and wellness services offered by the VNA. The ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor Rob ... sciatica in a new episode of "Success Files," which is an award-winning educational ... and investigates each subject in-depth with passion and integrity. , Sciatica occurs when ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... advisory services for healthcare compliance program management, will showcase a range of technology ... Association for Assisted Living (NCAL) Convention and Expo to be held October 14–18, ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Denmark , Oct. 2, 2017 The Rebound ... in the struggle to reverse the tide of prescription drug ... for regulating their medicine intake and stepping down their dosage ... set to launch in December 2017; the first 100,000 people ... Learn more at http://www.rebound-solution.com/ ...
(Date:9/27/2017)... NEW YORK , Sept. 27, 2017  DarioHealth Corp. (NASDAQ: ... data solutions, today announced that its MyDario product is expected to appear ... listings for when The Dr. Oz Show airs in your area: ... The nine-time Emmy award-winning, The ... ...
(Date:9/22/2017)... Sept. 22, 2017  As the latest Obamacare repeal ... Bill Cassidy (R-LA) and Lindsey Graham ... the medical device industry is in an odd place. ... the 2.3% excise tax on medical device sales passed ... want covered patients, increased visits and hospital customers with ...
Breaking Medicine Technology: