Elysee Development (PK) (USOTC:ASXSF)
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Remedent, Inc. (OTC BB: REMI)
a leader in the research and development, manufacturing and marketing of
oral care and cosmetic dentistry products, announced that it expects
revenues for the second quarter 2006 to be approximately $2.5 million.
This represents an increase of more than $1 million over the second
quarter fiscal 2005 result. The Company further anticipates overheads
and margins to stay in line with the previous year.
Guy De Vreese, Chairman of Remedent, stated, “We
are very pleased that we have achieved significant market penetration in
various European and Asian markets, and our selective efforts to grow
our footprint in America are on track.”
He added, “The iWhite over-the-counter
business has grown with the signing of new distribution contracts
recently. These include deals with Pierre Fabre, Chefaro Italy and
Chefaro Spain, and Douglas Germany. We estimate that total retailers
served by these distributors will be roughly 19,000 and we have a goal
of being in at least 48,000 retail outlets. This business is also
expanding in China, with the signing of a distribution agreement with
Sephora China, and we are signing a distribution agreement with
Drugstore.com to help increase its cyberspace presence.”
De Vreese further said, “We continue to
develop our professional treatment business. We have finished revamping
the new MetaTray in-office treatment. We see a shift of the business
towards the cosmetic market, and our revamping addressed that need. In
many markets, including the US, we are actively supporting this through
a number of OEM relationships. In the US, we are dealing with IMDS, a
California-based dealer that has started to target the cosmetic market.
In Europe, we are dealing with Universal Bright, an organization that
reaches out to the professional cosmetic treatment market.”
De Vreese also said, “We are expanding our
range of products with a kit to treat sensitive teeth. The new product
is called ‘RemeSense,’
and it will be offered to our existing retail channel. It is based on
the same technology currently used in our iWhite range of products.
RemeSense has a huge market potential because roughly a quarter of the
total population suffers from some form of tooth sensitivity. Moreover,
we have conducted a very successful patient test that demonstrates the
efficacy of the treatment.”
De Vreese concluded, “After three years of
research and development, we are launching the Glamsmile veneer
business, a revolutionary instant smile service. We are supporting the
opening of two retail outlets, which will focus on veneer and whitening.
The first openings are in Beijing, China and Rotterdam, Holland. In
addition to the stores, the service will be made available to
affiliated, trained dentists in addition to the MetaTray treatment we
currently offer them.”
Management of Remedent will host a conference call today at 10:00 A.M.
EDT. The call will include comments about the progress of its business
and provide guidance for the next 12-15 months. Those who wish to
participate in the call may telephone 888-335-6674, (US), or
973-935-2981, (international callers), passcode #7935948 approximately
15 minutes before the 10:00 A.M. EST starting time. If you cannot
participate in the call but wish to listen to it, you may login at
Remedent’s website at www.remedent.com.
You will be able to listen by either Windows Media or Real Player
approximately 2 hours after the completion of the call.
About Remedent
Remedent, Inc. strives to be a world leader in the research and
development, manufacturing and marketing of oral care and cosmetic
dentistry products. Remedent products are renowned for their
technological superiority and ease-of-use. Based in Deurle, Belgium and
El Segundo, CA, Remedent has successfully researched, developed and
manufactured all of its own products. These products are now distributed
in more than 35 countries worldwide. Remedent consists of two divisions:
one that serves the dental community and one that is focused on the
over-the-counter consumer market. Visit www.remedent.com
for further information.
Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe
harbors from liability established by the Private Securities Litigation
Reform Act of 1995. In particular, the Company’s
statements regarding trends in the marketplace and potential future
results are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties, including,
but not limited to, the consummation and the successful integration of
proposed acquisitions, the timing of projects due to the variability in
size, scope and duration of projects, estimates made by management with
respect to the Company’s financial results,
backlog, critical accounting policies, regulatory delays, clinical study
results which lead to reductions or cancellations of projects, and other
factors, including general economic conditions and regulatory
developments, not within the Company’s
control. The factors discussed herein and expressed from time to
time in the Company’s filings with the
Securities and Exchange Commission could cause actual results and
developments to be materially different from those expressed in or
implied by such statements. The forward-looking statements are
made only as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstance.
Remedent, Inc. (OTC BB: REMI) a leader in the research and
development, manufacturing and marketing of oral care and cosmetic
dentistry products, announced that it expects revenues for the second
quarter 2006 to be approximately $2.5 million. This represents an
increase of more than $1 million over the second quarter fiscal 2005
result. The Company further anticipates overheads and margins to stay
in line with the previous year.
Guy De Vreese, Chairman of Remedent, stated, "We are very pleased
that we have achieved significant market penetration in various
European and Asian markets, and our selective efforts to grow our
footprint in America are on track."
He added, "The iWhite over-the-counter business has grown with the
signing of new distribution contracts recently. These include deals
with Pierre Fabre, Chefaro Italy and Chefaro Spain, and Douglas
Germany. We estimate that total retailers served by these distributors
will be roughly 19,000 and we have a goal of being in at least 48,000
retail outlets. This business is also expanding in China, with the
signing of a distribution agreement with Sephora China, and we are
signing a distribution agreement with Drugstore.com to help increase
its cyberspace presence."
De Vreese further said, "We continue to develop our professional
treatment business. We have finished revamping the new MetaTray
in-office treatment. We see a shift of the business towards the
cosmetic market, and our revamping addressed that need. In many
markets, including the US, we are actively supporting this through a
number of OEM relationships. In the US, we are dealing with IMDS, a
California-based dealer that has started to target the cosmetic
market. In Europe, we are dealing with Universal Bright, an
organization that reaches out to the professional cosmetic treatment
market."
De Vreese also said, "We are expanding our range of products with
a kit to treat sensitive teeth. The new product is called 'RemeSense,'
and it will be offered to our existing retail channel. It is based on
the same technology currently used in our iWhite range of products.
RemeSense has a huge market potential because roughly a quarter of the
total population suffers from some form of tooth sensitivity.
Moreover, we have conducted a very successful patient test that
demonstrates the efficacy of the treatment."
De Vreese concluded, "After three years of research and
development, we are launching the Glamsmile veneer business, a
revolutionary instant smile service. We are supporting the opening of
two retail outlets, which will focus on veneer and whitening. The
first openings are in Beijing, China and Rotterdam, Holland. In
addition to the stores, the service will be made available to
affiliated, trained dentists in addition to the MetaTray treatment we
currently offer them."
Management of Remedent will host a conference call today at 10:00
A.M. EDT. The call will include comments about the progress of its
business and provide guidance for the next 12-15 months. Those who
wish to participate in the call may telephone 888-335-6674, (US), or
973-935-2981, (international callers), passcode #7935948 approximately
15 minutes before the 10:00 A.M. EST starting time. If you cannot
participate in the call but wish to listen to it, you may login at
Remedent's website at www.remedent.com. You will be able to listen by
either Windows Media or Real Player approximately 2 hours after the
completion of the call.
About Remedent
Remedent, Inc. strives to be a world leader in the research and
development, manufacturing and marketing of oral care and cosmetic
dentistry products. Remedent products are renowned for their
technological superiority and ease-of-use. Based in Deurle, Belgium
and El Segundo, CA, Remedent has successfully researched, developed
and manufactured all of its own products. These products are now
distributed in more than 35 countries worldwide. Remedent consists of
two divisions: one that serves the dental community and one that is
focused on the over-the-counter consumer market. Visit
www.remedent.com for further information.
Certain matters discussed in this press release are
"forward-looking statements" intended to qualify for the safe harbors
from liability established by the Private Securities Litigation Reform
Act of 1995. In particular, the Company's statements regarding trends
in the marketplace and potential future results are examples of such
forward-looking statements. The forward-looking statements include
risks and uncertainties, including, but not limited to, the
consummation and the successful integration of proposed acquisitions,
the timing of projects due to the variability in size, scope and
duration of projects, estimates made by management with respect to the
Company's financial results, backlog, critical accounting policies,
regulatory delays, clinical study results which lead to reductions or
cancellations of projects, and other factors, including general
economic conditions and regulatory developments, not within the
Company's control. The factors discussed herein and expressed from
time to time in the Company's filings with the Securities and Exchange
Commission could cause actual results and developments to be
materially different from those expressed in or implied by such
statements. The forward-looking statements are made only as of the
date of this press release and the Company undertakes no obligation to
publicly update such forward-looking statements to reflect subsequent
events or circumstance.