Navigation Links
Solos Endoscopy Finishes the 3rd Quarter With a Net Profit
Date:11/22/2011

BOSTON, Nov. 22, 2011 /PRNewswire/ -- Solos Endoscopy, Inc.'s (OTCPK: SNDY) is pleased to announce that it finished the 3rd Quarter with a Net Profit of $73,895.  Solos Endoscopy has consummated agreements which resulted in the Forgiveness of debt of $299,082 for the Three Months period ending September 30, 2011.  The signed settlement agreement and new consulting agreement result in a reduction of ongoing expenses by approximately $40,000 per quarter.

Solos Endoscopy posted its financial statements for period ended September 30, 2011.  While the Company saw a modest decrease in sales over the three month period, the Net Profit is a result of Management's cost cutting and debt reduction efforts.  Management is extremely pleased with the increase in demand for its new MammoView® instrument line.

The MammoView® instrument line, designed exclusively for breast endoscopy, has become crucial to early breast cancer screening as a method to significantly reduce breast cancer death rates. The Solos MammoView® Breast Endoscopy System is designed to distinguish and inspect suspicious pre-cancerous lesions that are undetectable by other methods as well as complement existing diagnosis and treatment options with direct endoscopic observation.

"Solos management has worked extremely hard to position the Company for future success.  This is represented by our tireless efforts to work with our creditors, while remaining focused on future product development. We have allocated significant resources to the development of the MammoView® instrument line.  The fact that we have taken this tremendous product from concept phase to sales in dozens of hospitals across the Country is truly amazing.  I'd like to thank the shareholders for all their continued support," stated Bob Segersten, President of Solos Endoscopy, Inc.

Please visit http://www.otcmarkets.com/stock/SNDY/financials for more information.

About Solos Endoscopy, Inc.:

Solos Endoscopy, Inc. is a HealthCare instrument company whose mission is to develop and market high quality and innovative instruments for the screening, diagnosis, treatment and management of medical conditions. Additional information on its FDA approved products is available on the Company's website at: www.solosendoscopy.com.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact: Amanda Segersten, rsegersten@solosendoscopy.com


'/>"/>
SOURCE Solos Endoscopy, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Solos Endoscopy Poised for Tremendous Growth in Multi-Billion Dollar Endoscopic Market
2. Solos Endoscopy Goes Google
3. Solos Endoscopy Finishes the 3rd Quarter Strong
4. Solos Endoscopy to Support National Breast Cancer Foundation With Sales of Its MammoView® Breast Endoscopy Components to US Hospitals
5. Solos Endoscopy to Market its MammoView® Breast Endoscopy Components to US Hospitals
6. Solos Endoscopy Reports 32% Increase in Breast Endoscopy Sales
7. Solos Endoscopy to Reduce Debt by Over $620,000
8. Solos Endoscopys MammoView® System Proves Crucial to Early Breast Cancer Detection
9. Lantus®/Apidra® SoloSTAR® Help to Improve Patient Satisfaction
10. Solos Endoscopy, Inc. To Launch New Corporate Website
11. Solos Endoscopy, Inc. Strengthens Current Line of Laparoscopic Instruments
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... -- Nortis today announced the awarding of a $688K National Institutes of Health (NIH) grant. ... a Small Business Innovation Research (SBIR)?Fast-track grant under award number ... Stroke (NINDS).?  ... Nortis ParVivo Chip used for 3D Organs-on-Chip Applications ... The neurotherapeutics sector is ...
(Date:8/17/2017)... ANGELES , Aug. 17, 2017 MJAC2017 ... CBMJ – Canna Broadcast Media, today reveals its leading lineup. ... Isodiol International Inc., a global cannabis innovator specializing in the ... sponsor of the conference. MassRoots, Rambridge™ and The Green Organic ... Bay Inc. and Namaste Vapes™ as silver sponsors. ...
(Date:8/17/2017)... 2017 DarioHealth Corp. (NASDAQ: DRIO), a ... and big data solutions, announced today that it ... non-U.S. investors for the sale of shares of ... Company,s newly designated Series B Convertible Preferred Stock ... to conduct a closing with respect to the ...
Breaking Medicine Technology:
(Date:8/20/2017)... ... ... A total solar eclipse will occur across the U.S. on Monday, August 21, ... the sun and Earth. This rare event will be magnificent to witness, but what does ... on the road during the total eclipse of the sun. , 1. Plan ahead. The ...
(Date:8/20/2017)... ... , ... Are you an adult with gluten intolerance or Celiac disease living ... in participating in a research study that focuses on family interactions when dealing with ... relational aspects of adults who have gluten sensitivities who cohabitate with other adults who ...
(Date:8/19/2017)... ... 18, 2017 , ... Paragon and IOTA ... help the cannabis industry move towards greater legitimacy. By incorporating IOTA’s unique approach ... with lower fees. Paragon will build a fully verifiable database to track prescriptions, ...
(Date:8/19/2017)... ... 2017 , ... Curl Keeper® is excited to announce that the H2O Water ... Award for the second year in a row. The H2O Bottle, a refillable ultra-fine ... Best Moisturizer for Type 2 Wavies and Best Refresher for Type 2 Wavies in ...
(Date:8/19/2017)... ... August 19, 2017 , ... ... a diverse community of over 1,000 passionate employees, caregivers, volunteers, thought leaders, researchers, ... at Stonegate changed ownership, it was time to refresh the carpeting with the ...
Breaking Medicine News(10 mins):