Longport (CE) (USOTC:LPTI)
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Longport, Inc. (OTC PK:LPTI), a medical technology specialist in
high-frequency high resolution ultrasound imaging, today announced
information on orders received since the beginning of 2008.
Sales activity by the end of the third quarter has totaled 33 EPISCAN
systems. All of the units have been sold into wound
prevention/assessment. Of the last ten sales, 3 systems were into
long-term care, and 7 systems were sold into acute hospitals.
Sales into acute hospitals were a direct result of the new CMS Ruling,
which has now gone into effect. This CMS rule change states that
Medicaid and Medicare will no longer be held responsible for “reasonably
preventable” hospital-acquired pressure
ulcers. This rule is expected to benefit Longport’s
efforts in getting the EPISCAN I-200 ultrasound scanner accepted in
hospitals for use in pressure ulcer prevention. The EPISCAN is an
assessment tool which when used in conjunction with standard of care
visual skin assessment provides more reliable skin assessment and
improved documentation. The images the scanner generates can also help
facilities to initiate targeted preventative intervention earlier,
frequently avoiding pressure ulcers from developing.
Paul Wilson, President of Longport, Inc. said “The
Company believes that the door into acute care is beginning to open for
the EPISCAN. We project acute care will become one of Longport’s
largest markets. In addition to the sales reported, the Company has
received inquiries from numerous acute hospitals each potentially
looking to purchase multiple systems.”
Longport will also be exhibiting at the Clinical Symposium on Advances
in Skin and Wound Care, to be held October 26 - 30 in Las Vegas. This
symposium targets nurses, physicians, podiatrists, physical therapists,
dietitians, and others who manage skin and wound care patients across
the continuum of health care. Longport will be exhibiting at Booth 213.
About Longport, Inc.
Longport, Inc. of Glen Mills, Pennsylvania, is a medical technology
company that specializes in high resolution ultrasound imaging. After
several years and a multi-million dollar investment in the technology,
Longport has secured patents, copyrights and FDA permission to market.
The Company’s technology has been used to
engineer a unique high resolution ultrasound imaging system. For further
information please contact Longport, Inc. at 1-800-289-6863 or visit our
website at www.longportinc.com.
Forward-looking Information and the Private Securities Litigation
Reform Act of 1995
Certain statements in this press release, including statements
concerning product development milestones and anticipated events, are “forward-looking
statements” within the Private Litigation
Reform Act of 1995. Forward Looking Statements are based on the
opinions and estimates of management at the time the statements are made
and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those anticipated in the
forward-looking statements. The words “believe,”
“expect,” “intend,”
“anticipate,”
variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that the
statement is not forward-looking. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict. Factors
that could affect Longport’s actual results
include, among others, uncertainties as to the Company’s
ability to manage potential problems, delays or anticipated expenses,
including problems, delays or expenses involving manufacturing. Readers
are cautioned not to place undue reliance upon these forward-looking
statements that speak only to the date of this release. Reference
is made to Longport’s 2004 annual report on
Form 10-K filed with the Securities and Exchange Commission for a more
definitive description of such factors. Longport, Inc. undertakes
no obligation to update publicly any forward-looking statements to
reflect new information, events or circumstances after the date of this
release or to reflect the occurrence of unanticipated events.