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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jon Scott who wrote (31949)	4/8/1999 4:09:00 PM
From: MARKZAW	Respond to of 120523

Judge No offense taken :) Will check out your thread.

To: Jon Scott who wrote (31949)	4/8/1999 5:42:00 PM
From: hoffy	Read Replies (1) \| Respond to of 120523

PLC- News release out late today. Stock just started to climb. This is critical news for PLC. Now they can start selling their machines in the U.S. They have only been selling 5-10 machines each year over seas. With the U.S. market now open, they could finally realize the profits they were projected 5 years ago to be making today. ----------------------------------------------------- Thursday April 8, 2:20 pm Eastern Time Company Press Release SOURCE: PLC Systems Inc. PLC Systems Inc. Announces TMR Medicare Reimbursement Effective Date July 1, 1999 FRANKLIN, Mass., April 8 /PRNewswire/ -- PLC Systems Inc. (Amex: PLC - news) has confirmed from the Health Care Financing Administration (HCFA) that the agency has released instructions to Medicare intermediaries and carriers mandating coverage for transmyocardial revascularization (TMR) effective July 1, 1999 (Transmittal No. AB-99-22). The Medicare program memorandum provides coverage of TMR '' ... for patients with severe (Canadian Cardiovascular Society Classification Classes III or IV) angina ... , which has been found refractory to standard medical therapy.'' ''HCFA's implementation of a TMR effective date is extremely critical news especially for the Medicare beneficiaries who will now have access to this significant procedure,'' said William C. Dow, president and chief executive officer of PLC Systems, Inc. ''PLC appreciates HCFA's efforts to release the notice promptly following its decision to cover TMR, which was announced earlier this year. We remain excited that the scientific evidence of improved health outcomes with TMR was sufficient to convince HCFA to cover the procedure for Medicare beneficiaries.''