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PDI Reports 2009 Fourth Quarter and Full Year Financial Results
Date:3/4/2010

ositive economic climate and the completion of various industry mergers, pharmaceutical companies are now actively assessing their portfolios, commercial models and field force needs. As such, they are reaching out more aggressively to companies like PDI in order to improve the efficiency, flexibility and return on investment of their sales force initiatives.  We believe that our two recent business wins and major contract renewal, as well as an increase in our new business pipeline since the end of the third quarter of 2009, are representative of this turnabout and reflect the industry's continued recognition of the high-impact value PDI provides to clients.  While additional new business will be required in order for us to return to profitability, it is our belief that all of the actions taken in 2009, along with our actions aimed at driving revenue expansion, have solidly positioned the Company for growth."

Financial Overview Fourth Quarter 2009

Revenue, net - For the fourth quarter ended December 31, 2009, adjusted basis revenue, net totaled $25.7 million compared to $25.4 million for the same period in 2008.  On a GAAP basis revenue, net was $24.0 million for the fourth quarter of 2009 compared to $25.4 million for the same period in 2008.  Revenue, net for the fourth quarter of 2009 on a GAAP basis was $1.7 million lower than
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SOURCE PDI, Inc.
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