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ENMC Encore Medical

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Share Name Share Symbol Market Type
Encore Medical NASDAQ:ENMC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Encore Medical Corporation Closes Agreement to Sell U.S. Consumer Product Line

06/07/2006 12:25am

PR Newswire (US)


Encore Medical (NASDAQ:ENMC)
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AUSTIN, Texas, July 5 /PRNewswire-FirstCall/ -- Encore Medical Corporation (NASDAQ:ENMC) announced today that on June 30, 2006 it closed its agreement to sell its Slendertone(R) U.S. consumer product line for cash consideration of approximately $6.8 million primarily for the Slendertone inventory and all of Encore's distribution rights to Slendertone products in the U.S. The purchaser was Bio-Medical Research Limited, an Ireland based private company that developed, manufactures, distributes and owns all intellectual property rights to the Slendertone product line. Encore intends to use the net proceeds from this sale toward Encore's core Surgical Implant and Orthopedic Rehabilitation businesses. Encore Medical Corporation is a diversified orthopedic device company that develops, manufactures and distributes a comprehensive range of high quality orthopedic devices used by orthopedic surgeons, physicians, therapists, athletic trainers and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events and sports-related injuries. Through its Orthopedic Rehabilitation Division, Encore is a leading distributor of electrical stimulation and other orthopedic products used for pain management, orthopedic rehabilitation, physical therapy, fitness and sport performance enhancement. Encore's Surgical Implant Division offers a comprehensive suite of reconstructive joint products and spinal implants. For more information, visit http://www.encoremed.com/ . Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such the timely availability of new products, the impacts of competitive products and pricing, the ability to continue to obtain long-term financing, and other risks and uncertainties set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein. For: Encore Medical Corporation Contact: Harry L. Zimmerman Executive Vice President - General Counsel (512) 832-9500 DATASOURCE: Encore Medical Corporation CONTACT: Harry L. Zimmerman, Executive Vice President - General Counsel of Encore Medical Corporation, +1-512-832-9500, or Web site: http://www.encoremed.com/

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