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Look at the bold. Is this undervlued or what? 15mm OS 9 mm float. They file in Canada. View filings at their web-site. EDMONTON, Alberta--(BUSINESS WIRE)--Dec. 19, 2001--Medical Services International Inc. (Pink Sheets:MSITF) is pleased to announce its financial results for the year ending June 30, 2001. Total revenue increased by 41% from $954,859 last year to $1,347,705 this year. Total revenue includes income from operations as well as the proceeds received from the sale of the Companies interest in International Biotech Corporation. Net Income for the year increased by 208% from $208,608 to $642,484. The earnings per share on a weighted average increased from $.03 per share to $.08 per share. The net asset base of the company increased by 11% from $11,599,640 to $12,926,174 which gives the Company a breakup value in excess of $.80 per share. President Robert Talbot said, "The Company had an excellent year showing record profits. This is the fourth consecutive year that the Company has shown a profit. The growth of the Company is expected to continue over the next year as new and expanded divisions in the Company come on line." About Medical Services Medical Service International Inc. operates medical facilities on Anguilla, B.W.I. that supply medical diagnostic services and dialysis. The facility combines the recreational aspects of a Caribbean destination with the availability of North American quality medical services. In response to a worldwide demand for less costly, rapid technically simplified test methods for infectious diseases the company has developed its Vscan rapid test kits for the detection of HIV 1 & 2, Hepatitis B and C and Tuberculous. It is estimated that over 30 million individuals have HIV and do not know it. It is estimated that there are 200 million people current living with Hep C and have no idea they are infected. Of the individuals that are HIV positive statistics show that over 30% have Tuberculous (TB) which is highly contagious but can be treated. The Vscan test kits can be used anywhere and give results in under 10 minutes. Medical Services International Inc. trades in the United States on the NQB Pink Sheets under the symbol "MSITF". For further information, please contact Robert Talbot at 780/430-6363. Note: Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include, but are not limited to new economic conditions, risk in product technology developments, market acceptance of new product and continuing product demand, level of competition and other factors described in the company reports, prospectus and other filings with the Securities and Exchange Commission. --30--APS/se* CONTACT: Medical Services International Inc. Robert Talbot, 780/430-6363 KEYWORD: BRITISH WEST INDIES INTERNATIONAL LATIN AMERICA CANADA INDUSTRY KEYWORD: MEDICAL EARNINGS SOURCE: Medical Services International Inc. | ||||||||||||||
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