posted
XMDC---------XTend Medical Corporation 10771 Sherman Way Sun Valley, CA 91352 P:(818) 255-2476 F:(818) 255-2479
General Inquiries info*xtendmedical.com
Managed Care Sales Pharmacy mcsales*xtendmedical.com pharmacy*xtendmedical.com
Investor Relations FutureTech IR (727) 417-9338 info*futuretechcapital.com
9/26/2007 SMMW Summus Works Inc. Common Stock XMDC XTend Medical Corporation Common Stock 1-8,334 R/S
(((The old management of SMMW sold out to a very legit ceo-imo--the new company has around 65 million out with around 8 million float--there has been some great news recently--And I EXPECT HUGE NEWS WITHIN 2 WEEKS, now at a PPS of .16--looking for dollars here imho.))))
XTend Medical CEO Discusses Company's Business Model
2007-10-24 06:31 ET - News Release
SUN VALLEY, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- XTend Medical Corporation (Pink Sheets:XMDC) announced the company has launched a new corporate website. The new website is located at www.xtendmedical.com
In other news, CEO, Paul D. Lisenby issued the following statement regarding the company's business model and future for the company.
"We've worked very hard over the last month in structuring the company after our reverse merger with Summus Networks for success in the healthcare industry. The company has signed several strategic alliances and purchased a 25% interest in Medical Cost Management. By accomplishing this, we have positioned ourselves for our initial penetration into the healthcare industry and we're very near closing several contracts we've been working on for the past several months. We'd certainly like to speed up the process in closing these contracts, but when dealing with large healthcare organizations this does take time.
"The healthcare industry will continue to grow and XTend Medical is in a prime position to capitalize on these opportunities. Our initial focus will be on delivering products in the diabetic sector. This will allow us to gain monthly revenues that will have a 30-40% profit margin and help us reach our initial sales goals previously released. In addition, we will continue to look for acquisitions and alliances that will bring immediate revenue opportunities to the company. We're confident the company is poised to be a force within the industry. The strengths of the company are our targeted growing sector with cutting-edge technologies, our strong relationships with healthcare companies, and our programs and products designed to raise patient care while lowering costs for the managed care companies.
"I would also like to point out that all of the shares issued to the executives of the company, after the reverse merger with Summus, and the shares used to acquire Medical Cost Management are restricted under Rule 144. No insiders can sell any shares for at least a year. Our total commitment is to grow this company and bring value to all shareholders."
About XTend Medical
XTend Medical Corporation markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients. Through their alliances, XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. www.xtendmedical.com
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
CONTACT: FutureTechIR for XTend Medical Corporation Investor Relations (817) 812-2105
IP: Logged |
posted
XTend Medical (XDMC) Signs Letter of Intent to Acquire Castle Hill Retirement Village and Assisted Living Facility Facility Comes With $5M in Yearly Revenue & $30M in Book Value SUN VALLEY, Calif., Oct. 29 /PRNewswire-FirstCall/ -- XTend Medical Corporation (Pink Sheets: XMDC) announced the company has signed a Letter of Intent to purchase the 150 Unit Castle Hill Retirement Village and Assisted Living Facility located in Thousand Oak, Ca, in primarily a cash transaction.
Pending the completion of our due diligence and obtaining a long term institutional funding package, the company expects to close this acquisition within 30 days.
'We look at this transaction to be a great opportunity for the company to execute and further its business plan through acquiring patients for our healthcare products. The assisted living facility (Castle Hill) and its property are valued at $30 million dollars and it currently brings in $5 million in yearly revenue. Our plans are to secure a long term institutional financing to not only acquire the property and its business but also to build out a 90 room dementia center that will add another $12 million in yearly revenue. The plans for the dementia center are already complete and the build out should take approximately 10-12 months. This will also allow XTend to institute a pharmacy center within the property and to market and sell our healthcare products to the current and future patients that reside at the facility.' stated Mr. Paul D. Lisenby, CEO of XTend Medical. Mr. Lisenby adds, 'With the success of this type of acquisition, we will continue acquiring Assisted Living Facilities all throughout the United States to continue our exponential organic growth and net tangible asset base. This acquisition also allows us to attain preferable position when applying for listing to a larger exchange such as AMEX or NASDAQ in 2008.'
To find out more about Castle Hill, please visit their website at www.castlehill.com
About XTend Medical
XTend Medical Corporation markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients. Through their alliances, XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. For more information please visit us at http://www.xtendmedical.com.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
SOURCE XTend Medical Corporation
Source: PR Newswire (October 29, 2007 - 6:30 AM EDT)
posted
XTend Medical (XMDC) Completes Due Diligence on Castle Hill Acquisition Thursday November 1, 6:30 am ET
Acquisition Will Be Operated as a Wholly Owned Subsidiary of XTend Medical
SUN VALLEY, CA--(MARKET WIRE)--Nov 1, 2007 -- XTend Medical Corporation (Other OTC:XMDC.PK - News) announced the company has completed their due diligence on the Castle Hill Retirement Village and Assisted Living Facility. In addition, the company has submitted the necessary paperwork to the funding institution for the process of funding the acquisition.
"We've worked very diligently over the past four days to complete the necessary loan package sent over by the lending institution with the information required so they can begin the approval process. While we are confident the business model, revenue projections and profit forecast are sufficient in order to gain the funding, we simply now must wait for the approval process to take place. Our personal and business relationship with the lender will also play a major role in securing the funding," stated Mr. Paul D. Lisenby, CEO of XTend Medical. Mr. Lisenby further states, "As the Castle Hill facility will be run as a wholly owned subsidiary of XTend, the business operation will continue as it has in the past. All licenses, personnel, and operational aspects of Castle Hill will remain and no other changes will need to take place for the business to seamlessly become part of XTend Medical. We will work closely with the current management of Castle Hill in streamlining operations and begin the planning phase of the build-out of the dementia center as soon as the funding approval process is complete."
To find out more about Castle Hill, please visit their website at www.castlehill.com.
About XTend Medical: XTend Medical Corporation markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients. Through their alliances, XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. www.xtendmedical.com.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact:
Company Contact: FutureTechIR for XTend Medical Corporation Investor Relations (817) 812-2105
posted
FFBU- Very Low Float! RM news expected by next week, with china connection.
-------------------- "Life is not about arriving at the grave site with your body in great shape and peaceful, but to slide in sideways half worn out going, holy **** what a ride!!!!!"
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
