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Dehaier Medical Announces First Quarter 2011 Financial Results
Date:5/4/2011

agent products becoming a regional distributor of eVent Medical's Inspiration® ventilator in China.  
  • Expanded marketing through the introduction of one new Customer Experience Center (CEC) in Shenyang and began construction on four new CECs in Chinese provincial capital cities Beijing, Shanghai, Lanzhou and Xi'an.
  • Strengthened marketing team with key sales hires that hold significant industry experience and strong industry relationships within the medical device market.

  • "Despite the seasonally low first quarter as hospitals and government-sponsored organizations finalize their spending budgets for the year, we increased our sales by 12% from the same period last year. Primary drivers of our year-over-year top line gains included favorable market momentum, as well as increased sales of our medical device products and strong partnerships with third party brand names," said Mr. Ping Chen, CEO of Dehaier. "During the quarter, we made critical investments to build our infrastructure that best position our Company to capture the burgeoning market opportunity for both our medical device and homecare medical products. We continued to dedicate resources to R&D, introducing innovative products for the oxygen and respiratory homecare market, and established a seasoned marketing team to support our expansion initiatives. Although these efforts affected our bottom line in the first quarter, we believe these investments in our future will contribute to sales growth and bolster our profits in 2011 as we continue build on our solid base of customers in both the professional and homecare medical product markets."

    "To complement our established and growing medical device business and foster the growth of our homecare offering, we are beginning to utilize our CEC network to accelerate our sales, and increase our brand recognition among the domestic industry. With 13 centers currently open, four under construction and a goal to open a
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    SOURCE Dehaier Medical Systems Ltd.
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