Lancer Orthodontics Expects Improvement in Earnings
SAN MARCOS, Calif., July 16 /PRNewswire/ -- LANCER ORTHODONTICS, INC. (Nasdaq:LANZ), a subsidiary of
BIOMERICA, INC. (Nasdaq:BMRA), has announced that it expects fourth quarter earnings to exceed $125,000 or $.06 per
share.
The Company attributed the increase to improvements made in its manufacturing processes and strong sales in the month of
May. Mr. Douglas Miller, Lancer's President, stated, ``We are pleased with progress made in sales and manufacturing during
the fourth quarter and the higher than expected earnings. Management is committed to increasing manufacturing efficiencies and
expanding worldwide marketing.''
Lancer reported that overall debt will be reduced to its lowest levels in 20 years and foresees continued improvements. The
company expects to report actual earnings in late August 1997.
Lancer Orthodontics develops, manufactures and markets advanced orthodontic products worldwide.
This press release contains forward looking information that is based on current expectations and therefore it necessarily
involves risk and uncertainties. Although the Company believes that the basis for the forward looking statements are
reasonable, there can be no assurance that the results anticipated in the forward looking statements will be realized.
SOURCE: Lancer Orthodontics, Inc.
Contact: Investor Relations, 619-744-5585
More news for referenced ticker symbols: BMRA, LANZ, and related industries: medical. |
