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ASXSF Elysee Development Corp (PK)

0.23362
0.00 (0.00%)
Last Updated: 17:02:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Elysee Development Corp (PK) USOTC:ASXSF OTCMarkets 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% 0.23362 0.2085 0.2605 0.00 17:02:00

Remedent, Inc. Expects Revenues to Increase over $1 Million to Approximately $2.5 Million in Second Quarter Fiscal 2006

04/10/2006 11:00am

Business Wire


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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.

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