SAN MARCOS, Calif., Nov. 19 /PRNewswire/ -- Lancer Orthodontics, Inc. (Nasdaq: LANZ) has announced that its newly appointed German distributor has increased its sales by over 100% compared to Lancer's former distributor for the same period last fiscal year. The new distributor recently attended the German Orthodontic Society meeting which produced a great demand for Lancer's products. In addition, two German universities are presently considering teaching the patented "Spectrum Technique" which is exclusive to Lancer.
The company also announced that its profits for the first five months of its fiscal year are significantly above last year's profits for the same period. Mr. Douglas Miller, Lancer's President, commented, "We are very pleased with the progress of our new German distributor. Through the continuous focus on expanding our marketing distribution channels and enhancing our manufacturing techniques, we feel we are now in a good position to capture market share and increase earnings."
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.
CO: Lancer Orthodontics, Inc.
ST: California
IN: MTC
SU: ERP
11/19/97 08:53 EST prnewswire.com
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