August 7, 1998
WOLF INDUSTRIES RECEIVES FAVORABLE MARKET ASSESSMENT REPORT FROM ARTHUR HIESS
Government-Funded Report Predicts Sales of $34M in 1999 Based on 7% Market Share
(SEATTLE, WA., AUGUST 7, 1998) Wolf Industries' (OTCBB:WLFND) (http://www.wolfindustries.com ) President Pat McGowan announced this morning that the Company received a "Market Assessment Report" from Arthur Hiess. The Report was funded by the National Research Council of Canada and British Columbia's Information, Science and Technology Agency. This independent study confirms management projections.
The Report included the following statement under the section entitled "Technology Assessed":
[Wolf Industries'] Dental Spectrophotometer (to be known commercially as the Dental Color Analyzer or DCA) replaces the manual shade tab system used in most dental offices with an automated system that provides optimum light conditions for shade sensing and displays the results on a digital readout. The system greatly reduces the incidence of mismatching of shades between cosmetic restorations and natural unrestored dentition."
Arthur Hiess studied the "Current Market Situation" and the Dental Color Analyzer's market potential in the U.S. and Canada. The research firm estimates that the DCA "can attain" a 7% market share next year -- its first year of commercialization - and potentially sell units to 11,100 dentists yielding revenue of more than $34 million. The Report includes analysis of market potential in Europe and estimates sales of more than $6 million over the next three years. Within three years, the firm estimates 12% market penetration in North America producing revenue of more than $60 million.
To request a copy of the report, please contact Wolf Industries, tel. 800-545-7214. Wolf Industries, Inc. is a dental technology company with worldwide manufacturing and marketing rights to the DCA (Dental Color Analyzer), a leading edge technology to the dental industry which utilizes optical fibre spectroscopy for use in determining accurate, true measurement of shades and colors of dental materials.
On Behalf of the Board of Directors,
Patrick McGowan
President and Chief Executive Officer
Wolf Industries Inc.
For more information contact Amanda Marley-Clarke at 1-888-253-6657 |
