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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 2.220-18.4%Nov 6 3:59 PM EST

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To: Cavior Organization who wrote (6)11/26/1996 10:46:00 AM
From: Syd Deem   of 279
 
Just a thought but it seems like an IR firm following SI threads might find it convienent to post news releases on the threads. Came across this on Yahoo:

Medical Technology Announces 23% Increase in First Quarter Sales

LANCASTER, Pa., Nov. 26 /PRNewswire/ -- Medical Technology & Innovations Inc , announced today that sales for its first fiscal quarter ended September 30, 1996 rose by 23% to $832,092 from $674,924 on a comparable basis in the three months ended September 30, 1995.

Medical Technology also reported that as of September 30, 1996 its current ratio (assets vs. liabilities) had improved to 5.4 to 1.0 compared with the ratio of 1 to 1 at the end of its last fiscal year, June 30, 1996.

Medical Technology & Innovations, Inc. manufactures and sells the MTI Photoscreener(TM), a hand-held photographic device used to screen the eyes of young, preverbal and difficult-to-screen children for Amblyopia or "Lazy Eye" Syndrome and other vision problems. The company has recently acquired Steridyne Corporation, a profitable manufacturer and distributor of pediatric and general health products, including fever monitoring devices, anti- decubitus gel cushions and disposables.

Please visit our web site at: eyecam.com SOURCE Medical Technology & Innovations Inc.
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