News Release:
May 18, 1999 18:26
CONSOLIDATED MEDICAL MANAGEMENT INC files 0331 qtr 10-Q. Reports $-0.0023 EPS.
Excerpted from 10QSB filed on 05/18 by CONSOLIDATED MEDICAL MANAGEMENT INC:
CONSOLIDATED MEDICAL MANAGEMENT INC files 0331 qtr 10-Q. Reports $-0.0023 EPS.
RESULTS OF OPERATIONS
For the Three Month Period Ended March 31, 1999
For the three months ended March 31, 1999, the Company recognized net loss of ($12,259), (with loss per share of ($0.0023) per common share). During this period, the Company, since the acquisition of Consolidated Medical Management, Inc. (the private Louisiana company) by the public Company (formerly Golden
Maple Mining and Leaching, Inc.), has aggressively pursued acquisitions of related medical service providers and other entities that, once acquired, will add to its ability to provide medical services. The following principal factors contribute to these results. For the period ended March 31, 1999, the Company recognized the operations of its wholly-owned subsidiaries, Independent Diagnostic Services, Inc. and Psychiatric Management Services, Inc. (PMSI) with consolidated operating revenue of $308,376 for the three-month period ended March 31, 1999.
(End of item excerpt.)
Item 2. Changes in Securities and Use of Proceeds
Since the end of the fiscal year ended December 31, 1998, and through the end of the quarter ended March 31, 1999, the Company has sold the following shares of common stock of the Company without registration under the Securities Act of 1933:
a. On January 14, 1999 the Company issued 159,995 shares of common stock to Underwriters Trust, controlled by Charles Coburn, Trustee, a consultant of the Company. The shares were issued for consulting services under the Company's Non-Qualified Stock Option Plan dated October 7, 1998.
(End of item excerpt.)
----------FINANCIAL DATA SCHEDULE--------
PERIOD-TYPE 3-MOS
FISCAL-YEAR-END DEC-31-1999
PERIOD-END MAR-31-1999
CASH 35,070
SECURITIES 0
RECEIVABLES 208,985
ALLOWANCES 0
INVENTORY 0
CURRENT-ASSETS 375,958
DEPRECIATION 0
TOTAL-ASSETS 843,879
CURRENT-LIABILITIES 857,290
BONDS 0
PREFERRED-MANDATORY 0
PREFERRED 0
COMMON 6,348
OTHER-SE 0
TOTAL-LIABILITY-AND-EQUITY 843,879
SALES 0
TOTAL-REVENUES 308,376
CGS 0
TOTAL-COSTS 313,893
OTHER-EXPENSES 6,742
LOSS-PROVISION 0
INTEREST-EXPENSE 0
INCOME-PRETAX (12,259)
INCOME-TAX (12,259)
INCOME-CONTINUING (12,259)
DISCONTINUED 0
EXTRAORDINARY 0
CHANGES 0
NET-INCOME (12,259)
EPS-PRIMARY (0.0023)
EPS-DILUTED 0
------------------------------------------------------------------------
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