Navigation Links
Repro-Med Systems, Inc., Reports 30% Increase in Revenue for Fiscal Year Ended February 28, 2011
Date:3/31/2011

CHESTER, N.Y., March 31, 2011 /PRNewswire/ --  Repro-Med Systems, Inc., (Pink Sheets: REPR) dba RMS Medical Products, today announced unaudited financial results for its fiscal year ended February 28, 2011, showing increases in both domestic and international sales.

The medical devices company is the manufacturer of the FREEDOM60® Syringe Infusion System and the RES-Q-VAC® emergency hand held suction system.  The company also produces expendables used in conjunction with those devices.

Andrew Sealfon, President and CEO of Repro-Med Systems, Inc., stated, "This is the strongest year since inception, with more than $4.9 million in sales revenue.  In addition, the fourth quarter of fiscal year 2011 saw revenues in excess of $1.6 million and continues our positive progress for the fourth, consecutive year."

Financial highlights for the fiscal year ending February 28, 2011 include:

  • Overall Net Revenue increased by 30%;

  • FREEDOM60® Syringe Infusion System overall product line revenue increased by 38%;

  • FREEDOM60® Syringe Infusion System international revenue increased by 83%;

  • Strongest sales quarter (fourth quarter ending February 28, 2011) and year in the company's 30-year history.

Mr. Sealfon noted, "We are pleased with the progress we have made in the past year and are looking for continued growth for the coming year, especially with new subcutaneous medications reaching the market served by our FREEDOM60®."

About the principal devices manufactured by Repro-Med Systems (www.rmsmedpro.com):

A primary use for the FREEDOM60® Syringe Infusion Pump is in subcutaneous administration of immune globulin due to its safe, controlled pressure and ability to adjust automatically to the flow.  The inherently safe pressures used to deliver drugs to patients minimize discomfort, swelling and other complications sometimes found with conventional electric infusion devices. There are additional applications such as the delivery of antibiotics for the ambulatory patient.

RES-Q-VAC® is a hand operated suction system that fills a niche in emergency medicine, hospitals, and home care for immediate airway suction when and wherever needed.

RES-Q-VAC® has patented filtration to minimize exposure of medical personnel to dangerous pathogens from patients infected with life threatening diseases such as tuberculosis and SARS.  Because RES-Q-VAC® provides reliable suction without power, it is useful in disasters when the electricity fails.  

Forward Looking Statements

Statements in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical facts, may be forward-looking statements.  These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. More information about these factors can be found in Repro-Med's latest Annual Report filed with Securities and Exchange Commission on Form 10-K.  The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Andrew Sealfon, +1-845-469-2042


'/>"/>
SOURCE Repro-Med Systems, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Technology Embracing Pharmacy, Millennium Pharmacy Systems, Welcomes New CIO
2. MonoSol Rx, LLC Files Patent Infringement and False Marking Lawsuit Against BioDelivery Sciences International, Inc., MEDA Pharmaceuticals Inc., and Aveva Drug Delivery Systems, Inc.
3. CareGiver, Ventana Medical Systems, Inc. Remote Instrument Support, Has Expanded to Include the Ventana BenchMark ULTRA Automated Stainer
4. Century Park Capital Partners Announces the Recapitalization of Cirtec Medical Systems, LLC
5. Sequel Systems, Inc. Meaningful Use EHR Receives ONC-ATCB 2011/2012 Certification
6. Reportlinker Adds Endoscopy Devices Market Outlook in Belgium to 2016 - Endoscopy Visualization Systems, Flexible and Rigid Endoscopes, Capsule Endoscope Systems and Others
7. Health Care Systems, Inc.s HCS eMR Receives ONC-ATCB 2011/2012 Certification
8. OmniComm Systems, Inc. Hosts Autumn 2010 eClinical Forum Meeting
9. OmniComm Systems, Inc. Announces 2010 First Half Results
10. United American Healthcare Corporation Announces Acquisition of Pulse Systems, LLC
11. Simulated Surgical Systems, LLC Partners to Bring Simulation Advances to Surgical Training
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/2/2017)... and BENTON, Ky. , Aug. 2, 2017   Marshall County ... its environmental services (ES) team to proactively reduce the risk of hospital-acquired infections (HAIs). The ... disinfection robot that uses UVC light energy to kill deadly pathogens such as C. ... Tru-D SmartUVC ... Tru-D in action in ...
(Date:8/2/2017)... 2017 CaryRx, a next-generation full-service pharmacy, has announced ... patients in the Washington D.C. metropolitan ... providing delivery of medications through the convenience of its patient-friendly ... delivered within one hour to any location in D.C. ... this invaluable service to Washington D.C. ," says ...
(Date:7/31/2017)... , July 31, 2017  Diplomat Pharmacy, Inc. (NYSE: DPLO), ... Michigan by Crain,s Detroit Business ... and public companies by three-year revenue growth. This year,s edition ... To view the complete list, visit crainsdetroit.com/awards/fast_50/2017 ... is an incredible triumph," said Phil Hagerman , CEO ...
Breaking Medicine Technology:
(Date:8/17/2017)... ... August 17, 2017 , ... Dr. Charles W. Grimsley’s ... ($15.99, paperback, 9781498497626; $7.99, eBook, 9781498497633) focuses on the treatment of veterans ... and achieve forgiveness, through a progressive journey toward healing. This book will help ...
(Date:8/17/2017)... ... August 17, 2017 , ... Inc. Magazine Unveils 36th ... No. 132 with Three-Year Sales Growth of 3,004.8% , NEW YORK, August 16, 2017 ... 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents ...
(Date:8/17/2017)... ... August 17, 2017 , ... Momkus McCluskey Roberts LLC recently ... is a member of the firm’s Commercial Litigation and Employment Law groups. , Ms. ... of knowledge in matters of employment litigation, commercial litigation and business disputes. Her experience ...
(Date:8/17/2017)... ... August 17, 2017 , ... Centrifugation is more than just spinning. ... that we can no longer do without. And just like a car, there are ... , In this webinar, attendees will learn about the most important safety aspects while ...
(Date:8/17/2017)... ... August 17, 2017 , ... A recent report indicates that ... industry in 2016 cited deficiencies in data integrity. The FDA outlines their expectations for ... , Presented as part of the Beckman Coulter Life Sciences Virtual Trade ...
Breaking Medicine News(10 mins):