Friday October 2, 6:30 am Eastern Time
Company Press Release
SOURCE: Wolf Industries
Wolf Industries Receives First Order For Dental Color Analyzer
Order Valued In Excess of $2.5 M
SEATTLE, Oct. 2 /PRNewswire/ -- Wolf Industries, Inc. (OTC Bulletin Board: WLFN - news), a leading developer of optical fibre spectroscopy for the dental industry, today announced that Source Dental, Inc., a White Rock, B.C.-based distributor of dental products, has agreed to purchase 750 Dental Color Analyzers within one year. The orders are valued in excess of $2.5 million. The Company expects to recognize the revenue from this order during the first and second quarters of 1999.
President Patrick McGowan commented, ''We are extremely pleased to announce our first order. Our Company has progressed from a development-stage company to an operating company with the commercialization of our first product, the Dental Color Analyzer. We anticipate that the majority of the 750 units will be purchased by Canadian dentists and dental laboratories. This represents the beginning of expected demand in North America. As announced, Arthur Hiess studied the current market potential for the DCA's in the U.S. and Canada and estimates that the DCA 'can attain a 7% market share in 1999 and potentially sell 11,100 units yielding revenue of more than $34 million'.''
McGowan continued, ''Their report includes analysis of market potential in Europe and estimates 'sales of more than $6 million over the next three years' there. Within three years, the firm estimates a 12% market penetration in North America producing revenue of more than $60 million. We believe this order is the first step toward meeting our goals. It is important to note that the Arthur Hiess report does not include other potential applications of our proprietary color-matching technology.''
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.
The DCA has been developed to assist dentists in determining accurate and true measurement of shade and colors of dental materials. To date, the dental industry has relied primarily on visual interpretation of tooth shades for restorative dental work. The DCA, for which there is a patent pending, employs optical fibre spectroscopy to determine the exact shade of the original tooth. It determines the shades and colors of dental material used in replacement work in dentistry, and precisely matches these shades to original teeth.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Wolf Industries) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the dental industry, plans for future expansion, various business development activities, planned capital expenditures, future-funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
Wolf Industries Inc.'s World Wide Web address is: wolfindustries.com
SOURCE: Wolf Industries
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