Attached files
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8-K - FORM 8-K - LIBERATOR MEDICAL HOLDINGS, INC. | g26144e8vk.htm |
EX-10.8 - EX-10.8 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w8.htm |
EX-10.4 - EX-10.4 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w4.htm |
EX-10.2 - EX-10.2 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w2.htm |
EX-10.5 - EX-10.5 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w5.htm |
EX-10.6 - EX-10.6 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w6.htm |
EX-10.3 - EX-10.3 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w3.htm |
EX-10.1 - EX-10.1 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w1.htm |
EX-10.7 - EX-10.7 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w7.htm |
Exhibit 99.1
Liberator Medical Secures $6.5 Million to $8.5 Million Line of Credit From PNC Financial
Services Group
New PNC Line Enables Liberator to Accelerate Advertising Plan
STUART, Fla., Feb. 14, 2011 (GLOBE NEWSWIRE) Liberator Medical Holdings, Inc.
(OTCBB:LBMH) announced today that it secured a $6.5 million to $8.5 million line of credit from PNC
Financial Services Group (PNC). The interest rate is LIBOR plus 2.75% and the borrowing amount is
based on the Companys inventory and accounts receivable.
Mr. Libratore, CEO, stated: We are very pleased to have secured a significant line of credit under
favorable terms given the current market conditions. The credit markets are very tight and the
Companys ability to secure this credit facility from a leading financial institution demonstrates
our strength. Most importantly, with this line of credit added to our strong cash position, we are
able to increase our marketing efforts and accelerate our growth.
Stay up-to-date with current events by visiting Liberator Medicals website at
www.liberatormedical.com or by joining the Companys 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(TM) 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. Liberators 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 Companys 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, 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
Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2010, and
our other filings with the Securities and Exchange Commission. We assume no obligation to update
the information contained in this news release.
CONTACT:
|
Individual Investor Relations Contact: | |
Gerald Kieft | ||
Wall Street Resources, Inc. | ||
772-219-7525 | ||
LiberatorIR@wallstreetresources.net | ||
http://www.wallstreetresources.net | ||
Institutional Investor Contact: | ||
Lyn Davis | ||
Littlebanc Advisors, LLC | ||
561-948-3005 | ||
ld@littlebanc.com | ||
www.littlebanc.com | ||
Source:
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Liberator Medical Holdings, Inc. |