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Solos Endoscopy Reports Book Value of $2,393,522 for Period Ended September 30, 2012
Date:11/15/2012

BOSTON, Nov. 15, 2012 /PRNewswire/ -- Solos Endoscopy, Inc. (OTCPK: SNDY) is pleased to announce that the Company has posted its financial results for the period ended September 30, 2012.  Solos Endoscopy posted total assets of $2,490,394 compared to total liabilities of just $96,872 for the same period.  As a result the Company has net assets or a book value of $2,393,522.  The financials are posted on OTC Markets.com http://www.otcmarkets.com/stock/SNDY/filings.    

Solos Endoscopy's total liabilities for period ended September 30, 2012 are just $96,872 compared to total assets of $2,490,394.  Solos generated revenues during the nine months ended September 30, 2012 in the amount of $264,186 versus $255,799 for the nine months ended September 30, 2011.  This was an increase of $8,387 for the nine months then ended.   In addition, the cost of goods sold was reduced by 12% in the comparable nine months ended 2012 versus 2011 as the Company purchases most of its products from European vendors and the value of the dollar was substantially higher against the Euro for the first part of 2012. 

Throughout the year, Solos has focused its R & D efforts into the design and development of new modifications to its endoscopic instrument lines to accommodate the continual advances in Laparoscopic surgical procedures. This includes the introduction of the new Steri Tap and the addition of Bariatric instruments for procedures for the most overweight sectors of our population. Solos now offers all of its instruments 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 as well as shorter recovery times. 

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SOURCE Solos Endoscopy, Inc.
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