DECEMBER 3, 1990 COII MISLEADING PR - 9 UNITS PLACED
But these 9 units were never placed, one of these facilities stated "we never agreed to have a unit placed in our facility. We only got one phone call from this company and asked them to provide us with scientific data on their product. I don't recall that they never contacted us again"
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Copyright 1990 Business Wire Inc.
Business Wire
December 3, 1990, Monday
DISTRIBUTION: Business Editors/Medical Writers
LENGTH: 288 words
HEADLINE: Computerized Thermal Imaging announces hospital placement on track
DATELINE: MILWAUKEE
BODY:
Computerized Thermal Imaging (CTI) is under an agreement to deliver a thermal imaging unit to the Milwaukee County General Hospital, a leading pediatric hospital in the country, located in Milwaukee.
Milwaukee County is a 1,200 bed facility which plans to utilize additional termal imaging units before the end of the first year.
CTI, moreover, has verbal agreements from the following medical facilities:
Highland Park Imaging Center (2 units)
University of Chicago (2 units)
Rush Presbyterian Saint Lukes (3 units)
University of Wisconsin (1 unit)
Management believes all of the above verbal agreements should be signed within 30 days.
Each thermal imaging unit sold brings in a minimum of $225,000 in revenue. Once the unit is in, furthermore, the contract (which is locked into for 6 years) provides the medical facility with an average $500 per case, which translates into $600,000 of which CTI receives 25 percent or $150,000 on an annual basis. Management bases this figure on the following conservative estimate.
100 cases per month x 12 months x $500 per case x 25 percent = $150,000
Based on the above verbal agreements, this translates into $3.5 million in the first year, and $2 million thereafter on a residual basis with no increase in case load.
Computerized Thermal Imaging Inc. is the state-of-the-art leader in medical diagnostic computerized thermal imaging technology. Computerized thermal imaging is a non-invasive, harmless technique using the body's own infrared energy like a road map to detect abnormalities in human physiology.
CONTACT: World Financial Network Inc., Los Angeles
Edward S. Rodriguez Mira, 800/245-4605 |
