To all: Saw the WSJ earnings digest info today concerning PMDTF and this article:
Park Meditech Inc. Announced Its Results For The Quarter Ended April 30, 1996
MONTREAL--(BUSINESS WIRE)--June 28, 1996--Park Meditech Inc. (the "Company") announced its results for the nine months ended April 30, 1996."
-- Revenues were $CDN 6,289,000 compared with $CDN 2,371,000 in 1995
-- Net loss was $CDN 7,285,000 compared with $CDN 10,070,000 in 1995
-- Net loss per common share was $CDN 0.23 compared with $CDN 0.41 in
1995
C. Richard Mullen, President and CEO, stated that "The Company continues to progress in several important areas: new orders are on the rise (current backlog is approximately $8 million);increased production (we expect a record Q-4); and operating costs are significantly lower than those in the same period in Fiscal 1995."
Park Meditech Inc. is a medical technology company that specializes in nuclear medicine imaging systems. It has developed and patented a totally digital imaging systems which offers significantly improved diagnostic capabilities. The Company operates worldwide through its subsidiaries in developing, manufacturing and marketing imaging technologies, equipment and related computer systems.
CONTACT: Park Meditech Inc.
C. Richard Mullen, 514/633-9988
Sheldon Inwentash, 416/941-8900
Investor Relations, 800/595-2357
Initially, this co. sounds promising. Are you who have posted to this thread in the past still following and/or holding the stock? Do you still look as favorably on it? One article I read on the co. said it was "a growing co. in a rapidly maturing industry", which is kind of feint praise, depending how you read it. What's your opinions as to the future growth prospects here?
Thanks,
Khris
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