Pediatric Prosthetics Incorporated Reports on New York OpeningHOUSTON, Dec 21, 2004 (BUSINESS WIRE) --
Pediatric Prosthetics Inc. (OTC:PDPR) Vice President of Operations, Kenneth Bean: "As previously stated, We at PDPR have positioned ourselves to accelerate our national roll-out at a pace faster than forecast, due to a genuinely dramatic series of recent affiliations. Case in point, during our trip to New York last week we fitted five children representing a full ten percent of our previously forecast first year's fittings....in five days."
Bean continued, "Thanks to the successful "partnering" in these strategic alliances, such as the New York partnering with Mandelbaum O&P in New York, we should see our projected revenue increase, and at the same time utilize funds earmarked for opening branch offices to be re-directed into publicity and advertising. As we have said time and time again, what we must do is make parents of children with a limb-loss aware of our willingness and ability to help their children in a uniquely responsive manner where ever they live."
Pediatric Prosthetics' original business plan had projected some 1.2 million dollars before-tax earnings during their second full year of operations, (March 2005 through February 2006) with a modest 120 patient revenue stream. Those projected numbers have been quietly superceded by events.
In concluding his comments, Bean stated: "Our objective is to become a fully reporting company during 2005 and watch our stock prices realize their rightful pricing, based on fundamentals, and based on simple audited performance. Watch carefully for our investor relations web-site coming soon."