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Biotech / Medical : Moyco CMP Slurries - CEO Says -- Ignore unavailable to you. Want to Upgrade?

To: taxgun who wrote (506)	5/10/2000 4:30:00 PM
From: straight life	Read Replies (1) \| Respond to of 534

Moyco Receives Significant Orders for Patented Root Canal Instruments MONTGOMERYVILLE, Pa., May 10 /PRNewswire/ -- Moyco Technologies, Inc. (Nasdaq: MOYC - news), a Montgomeryville, Pennsylvania manufacturer of precision abrasives and professional dental supplies, has received initial orders for patented stainless steel and nickel titanium endodontic (root canal) instruments exceeding $750,000 from a major direct marketer of professional dental supplies. Significant deliveries against these orders are scheduled to begin during the early fall. From that point forward, annualized revenues from this new customer are expected to reach approximately $1.5 million with double-digit projected annualized revenue growth. About 65% of the revenue will come from sales of specially engineered nickel titanium alloy instruments. These products, which employ a patented instrument design and are manufactured via a patented process, allow practitioners to more quickly and safely clean and shape a root canal. As opposed to traditional instruments, these products will be used in an engine driven hand-piece reducing hand stress related to using conventional products and saving significant time for both the dentist and patient. Marvin Sternberg, CEO and President of Moyco stated, ``We are extremely pleased to be entering this promising distribution alliance with a company that has the capability of providing exceptional end-user support to generate substantial growth and market share. By selling these instruments under the famous brand name of this major dental supply marketer, significant sales growth is anticipated.'' The orders represent phase I (stainless steel instruments) and phase II (nickel titanium instruments) of a three-pronged strategic distribution program. This private label customer intends to implement phase III of the program, marketing of related endodontic products manufactured by Moyco, in the near future. Some statements contained in this release are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical and anticipated results or other expectations expressed herein. SOURCE: Moyco Technologies, Inc.