During the first quarter of 2009, the Company had capital expenditures of $100,000, purchased 6,106 shares of its Common Stock for approximately $69,000, distributed $317,000 in dividends to its shareholders, and decreased total bank debt outstanding by $1.4 million.
Birner Dental Management Services, Inc. acquires, develops, and manages geographically dense dental practice networks in select markets in Colorado, New Mexico, and Arizona. The Company currently manages 61 dental offices, of which 35 were acquired and 26 were de novo developments. At March 31, 2009, the Company had 113 general and specialty dentists affiliated with the organization. The Company operates its dental offices under the PERFECT TEETH name.
The Company previously announced it would conduct a conference call to review results for the quarter ended March 31, 2009 on Thursday, May 14, 2009 at 9:00 a.m. MT. In addition to current financial and operating results, the teleconference may include discussion of management's expectation of future financial and operating results. To participate in this conference call, dial in to 1-866-283-8244 and refer to "Birner Dental Management Services, Inc." approximately five minutes prior to the scheduled time. If you are unable to join in on the conference call on May 14, the rebroadcast number is 1-888-266-2081 with the pass code of 1357183. This rebroadcast will be available through May 28, 2009.
Non-GAAP Disclosures
This press release includes certain non-GAAP financial measures with respect to total dental group practice revenue and Adjusted EBITDA. The non-GAAP financial measures included in this press release may be different from, and therefore may not
'/>"/>
| SOURCE Birner Dental Management Services, Inc. Copyright©2009 PR Newswire. All rights reserved |