Navigation Links
Repro-Med Systems, Inc., Reports 30% Increase in Revenue for Fiscal Year Ended February 28, 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 (

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:
(Date:11/25/2015)... 2015 Kitov Pharma ceuticals ... a biopharmaceutical company focused on the development of therapeutic ... today announced the closing of its previously announced underwritten ... ), each representing 20 ordinary shares of the Company, ... ADSs and warrants were issued in a fixed combination ...
(Date:11/25/2015)...  Today AVACEN Medical announced the issue of United States patent No. ... ". This patent shields the company,s AVACEN 100 dry heat therapy medical device and specific methods ... Photo - ... ... ...
(Date:11/25/2015)... , Nov. 25, 2015 USP 800 ... drug preparations (e.g. pharmacists, pharmacy technicians, nurses, physicians, ... technicians). The chapter also covers all entities which ... pharmacies, hospitals, other healthcare institutions, patient treatment clinics, ... --> --> What is ...
Breaking Medicine Technology:
(Date:11/25/2015)... ... November 25, 2015 , ... For the first time, Vitalalert ... Organizations, One Beat ” campaign. The partnership between the two groups began in 2014 ... MAP International’s cause. , MAP International was founded in 1954 and is an international ...
(Date:11/25/2015)... ... ... On November 25, 2015, officials of Narconon Arrowhead , the drug rehabilitation ... new cutting edge recovery program that has been 50 years in the making. ... with the purpose to free addicts from the symptoms and negative behaviors of addiction. ...
(Date:11/25/2015)... ... ... Smiles by Stevens is pleased to announce the addition of Botox® for ... aware of the benefits of Botox® in the treatment of moderate facial wrinkling, few ... and pain as a result of Jaw Tension, TMJ (temporo-mandibular joint) disorder, and Bruxism ...
(Date:11/25/2015)... ... November 25, 2015 , ... In an ongoing Clinical Study conducted by an ... IL, UV Angel is evaluating the efficacy of its product and its disinfection protocol. ... 30 beds) from May 2014 through October 2015 at a 360-bed, acute-care, academic medical ...
(Date:11/25/2015)... Spring, Md (PRWEB) , ... November 25, 2015 ... ... Pulmonary Hypertension Association (PHA) announces the nation’s Periwinkle Pioneers, individuals and groups responsible ... history of this disease. The Periwinkle Pioneers, nominated by the public, will receive ...
Breaking Medicine News(10 mins):