Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - LIBERATOR MEDICAL HOLDINGS, INC. | g24061e8vk.htm |
Exhibit 99.1
Liberator Medical Reports Record Net Revenues for Its Third Fiscal
Quarter Ended June 30, 2010
Quarter Ended June 30, 2010
Net Revenues are $10.62 Million for the Quarter Ended June 30, 2010, Up 53% Over Prior Year’s
Comparable Quarter, 10% Over Previous Quarter
Comparable Quarter, 10% Over Previous Quarter
STUART, Fla., Jul 15, 2010 (GlobeNewswire via COMTEX) — Liberator Medical Holdings, Inc.
(OTCBB:LBMH) today announces record net revenues of approximately $10.62 million for its fiscal
third quarter ended June 30, 2010, representing an annualized revenue run rate of $42.5 million.
Net revenues for the third fiscal quarter 2010 increased 53% from $6.95 million for the quarter
ended June 30, 2009 and up 10% sequentially from $9.65 million for the quarter ended March 31,
2010. For the nine months ended June 30, 2010, sales were $29.41 million, representing an increase
of $11.29 million or 62% compared to sales of $18.12 million for the nine months ended June 30,
2009
Mark Libratore, the Company’s President and CEO, commented, “This is the ninth consecutive quarter
we have reported record net revenues. Our sales growth is a result of our long-term commitment to
our direct marketing program. We continue to see the benefits of our expansion into our new
facility and the expansion of our workforce. We expect our sales growth to continue through the
rest of this fiscal year and in the foreseeable future.”
Stay up-to-date with current events by visiting Liberator Medical’s website at
www.liberatormedical.com or by joining the Company’s E-Mail Alert List. Join by clicking the
following link www.LBMH-IR.com
About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.’s subsidiary, Liberator Medical Supply, Inc., established the
Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to
Medicare-eligible seniors. An Exemplary Provider™ accredited by The Compliance Team, its unique
combination of marketing, industry expertise and customer service has demonstrated success over a
broad spectrum of chronic conditions. Liberator is recognized for offering a simple, reliable way
to purchase medical supplies needed on a regular, ongoing, repeat-order basis, with the convenience
of direct billing to Medicare and private insurance. Liberator’s revenue primarily comes from
supplying products to meet the rapidly growing requirements of general medical supplies, personal
mobility aids, diabetes, urological, ostomy and mastectomy patients. Liberator communicates with
patients and their doctors on a regular basis regarding prescriptions and supplies. Customers may
purchase by phone, mail or internet, with repeat orders confirmed with the customer and shipped
when needed.
Safe Harbor Statement
Certain statements in this press release that are not historical, but are forward-looking, are
subject to known and unknown risks and uncertainties which may cause the Company’s actual results
in future periods to be materially different from any future performance that may be suggested in
this press release. Such risks and uncertainties may include, but are not limited to, the Company’s
need to raise equity capital and
its ability to obtain equity financing on acceptable terms, if at all, regulatory limitations on
the medical industry in general, working capital constraints, fluctuations in customer demand and
commitments, fluctuation in quarterly results, introduction of new services and products,
commercial acceptance and viability of new services and products, pricing and competition, reliance
upon subcontractors and vendors, the timing of new technology and product introductions, the risk
of early obsolescence of our products and the other factors listed under “Risks and Uncertainties”
in our annual report on Form 10-K for the fiscal year ended September 30, 2009, and our other
filings with the Securities and Exchange Commission. We assume no obligation to update the
information contained in this news release.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Liberator Medical Holdings, Inc.
By Staff
CONTACT:
|
Wall Street Resources, Inc. | |
| Individual Investor Relations Contact | ||
| Gerald Kieft | ||
| 772-219-7525 | ||
| LiberatorIR@wallstreetresources.net | ||
| http://www.wallstreetresources.net | ||
| Littlebanc Advisors, LLC | ||
| Institutional Investor Contact | ||
| Lyn Davis | ||
| 561-948-3005 | ||
| ld@littlebanc.com | ||
| www.littlebanc.com |
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.