Complete Care Medical, Inc. Anticipates Fiscal Year 2007 Revenue at $19.7 Million
Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 01/25/07 -- Complete Care Medical, Inc. (PINKSHEETS: CCMI) has completed its revenue and income projections for the fiscal year of 2007.
"We are pleased to provide our projected income and revenue for the coming year. Having a highly qualified CFO enables Complete Care Medical to provide regular financial information to our shareholders and assists the company in moving to another exchange," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
Complete Care Medical, Inc. is goal oriented to provide cost effective and convenient direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company's focus is disease specific medical supplies, pharmaceuticals and nutrition.
The company is pleased to make these statements available to its shareholders.
COMPLETE CARE MEDICAL INC. PROFORMA INCOME STATEMENT TWELVE MONTHS ENDING DECEMBER 31, 2007
Revenue
Medical Urology Services (1) $ 19,740,000
Cost of Goods Sold 3,775,000 ------------ Gross Operating Income $ 15,965,000
Total General & Administrative Expenses 3,051,000 ------------ Net Operating Income $ 12,914,000
Provision for Income Taxes Net of Net Operating Loss Carry Forward ---
Income Before Interest Expense 12,914,000
Interest Expense 144,000
Net Income $ 12,770,000 ============
About Complete Care Medical, Inc.
Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patients easy access to utilization and compliance data in order to improve patient outcomes and quality of life. Website: www.ccmedicalinc.com
Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
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