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Solos Endoscopy Posts Total Assets of $2,426,883 for Period Ended June 30, 2012
Date:8/16/2012

ments in lengths from 32cm up to 45 cm. The significant advances over the past several years have led to a number of advantages to the patient with laparoscopic surgery versus an open procedure (laparotomy). These advantages include reduced pain due to smaller incisions and hemorrhaging, and shorter recovery time.

The demand for endoscopic services is increasing due to a rise in the aging and chronically ill population worldwide. Advancements in endoscopic technologies and inclusion of various types of lighting sources, video cameras, real-time conversion of data into three-dimensional images are also driving this market. Endoscopic procedures have become highly effective in the diagnosis, treatment, and management of cancer patients. Many now consider endoscopy to have become the gold standard for cancer diagnosis and treatment as well as for many other medical conditions.

Solos continues to market and develop its MammoView® instrument line, designed exclusively for breast endoscopy.  The MammoView® 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 undetectable by other methods as well as complement existing diagnosis and treatment options with direct endoscopic observation.  The Solos MammoView® system is currently in use at various teaching hospitals across the United States.

Through the date hereof, Solos Endoscopy generated revenues during the six months ended June 30, 2012 in the amount of $178,417 versus $172,359 for the six months ended June 30, 2011.  This was an increase of $6,058 for the six months then ended.  The Company purchases a portion of its products from European vendors and the value of the dollar was substantially higher against the Euro for the first part of 2012.  Additionally, the weath
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SOURCE Solos Endoscopy, Inc.
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