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Rochester Medical Reports First Quarter Results and Recent Developments
Date:1/25/2011

#160;Our branded sales continue to grow nicely, reflecting our strategic focus on that area.  As we have often discussed, the quarterly fluctuations in Private Label Sales are related to the timing of orders from our large Private Label Customers; we expect year over year Private Label Sales to show modest growth.  Also, though Branded Sales showed a solid constant currency growth of 18%, they too were softened in Q1 due to timing of orders from several large International Distributors whose sales of Rochester Medical Branded Products continue to grow nicely year over year."

Conway continued, "I am pleased to announce we have concluded a major nationwide recruitment and training project to significantly expand our field sales representation in the U.S.  During the first quarter we added 34 full time sales professionals, more than tripling our U.S. Sales Force.  We believe this is a major step for the Company and expect this will accelerate sales of Rochester Medical Branded Products as we go forward."

He added, "Also in Q1, much dedicated time was spent on reaching agreement with Fornix N.V. to purchase its subsidiary Laprolan B.V. in The Netherlands. I commend Rochester Medical's Corporate Vice President Martyn Sholtis and Chief Financial Officer David Jonas for their dedicated and tireless efforts on both sides of the Atlantic which made this possible. Laprolan distributes wound care, ostomy care, and urology products into the Dutch market.  For calendar 2010 it reported revenues of approximately $11.2 million and pre-tax profit of approximately $3.5 million.  When finalized, the transaction is expected to significantly strengthen Rochester Medical's sales revenues, margins, and earnings going forward from January 1, 2011 which will be the retroactive effective date.  We believe this acquisition will allow us to grow sales of Rochester Medical Branded and other Products in the Netherlands and will also serve as a ba
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SOURCE Rochester Medical Corporation
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