Management Reiterates Forecasts of 25% Increase in 2011 Sales to $1.25 Million
JERICHO, NY--(Marketwire - 03/09/11) - SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. (Pinksheets:TRDX - News) is pleased to announce that Preferred Distribution, Inc. ("Preferred"), its medical/dental supplies distribution subsidiary, has recently generated purchase orders from its new pharmaceutical distribution division. The first stream of purchase orders are being filled under its Florida out of state wholesaler of pharmaceuticals license.
Dr. Jan Stahl, CEO of TRDX, commented, "We are happy with the progress of this new division. The pharmaceutical wholesale sector is one of the fastest sales generators in the world. IMS Health reported that the size of the global market for pharmaceuticals is expected to grow nearly $300 billion over the next five years, reaching $1.1 trillion in 2014."
Mr. Stahl further stated, "This growth and demand falls in line with what our new pharmaceutical division is experiencing. We have already received approvals from two large pharmaceutical wholesalers and have now begun receiving purchase orders. We anticipate a continued increase in purchase orders and remain confident on achieving $1.25 million in total sales from Preferred for year end 2011. This is a 25% year over year increase from 2010. Accelerated growth is again projected for year end 2012 as existing sales increase and contracts with new pharmaceutical wholesalers are signed."
About SCIMEDENT f/k/a Trend Exploration, Inc. (Pinksheets:TRDX - News)
SciMeDent (www.scimedenthealth.com) is a company focused on being a leading developer and marketer of products and services for medicine, dentistry and life sciences. SciMeDent plans to achieve growth initially through mergers and acquisitions.
About Preferred Distribution, Inc.
Preferred Distribution, Inc. is a wholly owned subsidiary of SciMeDent. Preferred's goal is to supply the medical, dental and veterinary community with quality products at the lowest possible prices. Preferred prides itself on providing professional sales staff who are courteous, knowledgeable and dedicated to saving you time and money for your practice. Since 1987 Preferred has been serving the needs of professionals throughout the country. Preferred's dental products division is marketed through its website, www.preferreddist.com.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment