Austin Medical Technologies (OTC: AMTK)
websites: austinmedtech.com & eyedirecti.com
AMTK provides products and services exclusively to the twenty five hundred aphthalmology owned and operated Ambulatory Surgery Center (ASC) market, which is the fastest growing segment of healthcare with over 10 million surgical procedures performed annually. Austin is focused on providing disposable surgical supplies and superior service to this outpatient healthcare provider.
Austin Medical Technologies delivers "DIRECT" from the manufacturer to the Surgeon, the only technology-based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA.
AMTK company has contracted with nearly 200 eye surgery centers
Substantial Sales Growth
-- Sales for 2003 of $1.1 million increased by 202% over 2002.
-- Sales for the First Quarter 2004 increased by 54% over the First
Quarter 2003.
-- Sales for the Second Quarter 2004 increased by 45% over the Second
Quarter 2003.
New Strategic Alliances, Partners and Ventures
-- Exclusive venture with CYNACON/OCuSOFT and launched "The
eyeCentric Group(TM)."
-- AMTK's business coalition partner, Austin CMP, Inc joined The
eyeCentric Group(TM) founded by Austin Medical. Austin CMP, Inc.
manufacturers custom sterile surgery trays that are made up of
disposable surgical supplies utilized by a surgeon performing
surgery.
-- AMTK formed an exclusive joint marketing and product sales
partnership with WALCOTT Rx Products, Inc. WALCOTT Rx will be
rolling out to its customer base, which consists of over 1,200 eye
surgery centers, the complete line of surgical kits from Austin
Medical.
Significant Customer Contracts
-- AMTK signed several multi-year contracts in the first quarter,
which resulted in $300,000 in new business annually to the company.
-- ForTec ON-SIGHT was added as a customer in the second quarter,
representing over $200,000 in additional sales in this multi-year
contract.
-- AMTK added 12 new contracts in June. All the contracts are
multi year contracts, providing an additional $500,000 of new
business.
-- AMTK signed a contract with Doctors For Visual Freedom, which
is a full service Refractive Surgical Center located in Northwest
Suburban Chicago.
According to 1996 U.S. government statistics
Ambulatory Surgery Centers (ASC) account for 31 million or 44% of the total surgeries performed in the United States. Five million surgeries were performed on eyes. New surgical techniques such as laser surgery allow procedures to be done more quickly and/or with less surgical trauma.
Target Market
Ophthalmology owned and operated surgery centers which is the fastest growing segment of the ASC market
ASC market is growing by 25% per annum
ASC market consisting of 2,500 practices with 15,000 surgeons
ASC market performing over 5 million surgical procedures annually
ASC markets supply costs of $400,000,000 per year.
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AMTK is positioned to capture
$40,000,000 (10%) of this $400,000,000 market within the next 4 years |
