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Vasomedical Reports Financial Results for the Quarter Ended November 30, 2010
Date:1/18/2011

ecord GEHC commissions initially as deferred revenue, and we recognize commission revenue generally when the related equipment is delivered and accepted per the terms of the GEHC Agreement. As a result, our expenses in the sales representation segment will precede the related revenue in the early stages of its operation." As of November 30, 2010, the Company had approximately $6.597 million in total deferred revenue, an increase of $5.570 million from six months ago.

Commenting on the performance of VasoHealthcare, Brent Barron, subsidiary President and Chief Operating Officer, noted, "We are very pleased with the significant achievements of our sales professionals during the first few months of operation. We believe that we have met or exceeded every initial strategic and financial objective and expect to deliver exceptional performance under our agreement with GE Healthcare. Our level of accomplishment in this initial stage of our agreement should serve as a foundation for a sustainable long-term relationship."

"Our equipment and sales representation segments both have delivered excellent performance in the quarter," said Dr. Jun Ma, President and Chief Executive Officer of Vasomedical. "The fact that EECP® system sales more than doubled from a year ago is a testimonial both to the success of our efforts to expand EECP® systems sales in the international market and to the growth of our direct sales force in the U.S. The superior execution of our VasoHealthcare business, which has resulted in exceeding the planned target in a difficult economic climate, further enhances our belief of a bright future for the Company."

About Vasomedical

Vasomedical, Inc. is primarily engaged in designing, manufacturing, marketing and supporting EECP® external counterpulsation systems based on the Company's proprietary technology. EECP® therapy is a non-invasive, outpatient therapy for the tr
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SOURCE Vasomedical, Inc.
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