Veneer Sales Increase Sharply as Remedent Announces Opening of New Super Spa in Taipei, Taiwan
June 01 2010 - 9:12AM
Marketwired
Remedent, Inc. (OTCBB: REMI), an international company specializing
in research, development, and manufacturing of oral care and
cosmetic dentistry products, announced today that its April sales
from its Beijing Spa increased by 5 times the sales generated in
March 2010. In addition, April revenues from its Hong Kong spa,
which opened in April, have already exceeded the highest monthly
revenue generated by any of Remedent's spas. Remedent continues to
expand in Asia by opening a new super spa in Taipei, Taiwan on May
28.
"We are very excited with the results from our Asian operations
and the results continue to be extremely impressive. Our clinic
which originally opened in Beijing, China, in the third calendar
quarter of 2009, was the first dental spa to offer pain free
cosmetic dentistry in Beijing. Veneer sales doubled in the fourth
calendar quarter of 2009 over the third quarter and then tripled
again in the first calendar quarter of 2010 compared to the fourth
calendar quarter in 2009. Sales in April 2010 alone, approximated
what we did the whole of the prior quarter ended March 31, 2010. In
addition to this, Glamsmile Taiwan opened its two floor facility on
Friday, May 28th. Our strategy is to make Glamsmile synonymous with
a beautiful smile in Asia and we are very excited to open
operations in Taipei, Taiwan and hope to mirror the success we see
in both Beijing and Hong Kong," said Guy De Vreese, Chief Executive
Officer of Remedent.
About Remedent Remedent, Inc. specializes in the research,
development, manufacturing and marketing of oral care and cosmetic
dentistry products. The company serves the professional dental
industry with breakthrough technology for dental veneers, bridges
and crowns that are recognized worldwide for their technological
superiority and ease-of-application. These products are supported
by a line of professional veneer whitening and teeth sensitivity
solutions. Headquartered in Belgium, Remedent distributes its
products to more than 35 countries worldwide. For more information,
go to http://www.remedent.com.
Forward-Looking Statements Statements in this press release
contains forward-looking statements relating to Remedent, Inc. and
its strategic and operational plans related to, and the expected
financial impact of, the announced expansion in the Asian market.
Statements in this press release that are "forward-looking
statements" are based on current expectations and assumptions that
are subject to risks and uncertainties. Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause Remedent's actual operating
results to be materially different from any historical results or
from any future results expressed or implied by such
forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," "projects," "project," to be
uncertain and forward-looking. Actual results may differ materially
because of such risks and uncertainties and the reported results
and projections should not be considered as an indication of future
performance. For further information regarding risks and
uncertainties associated with Remedent's business, please refer to
the risk factors described in Remedent's filings with the
Securities and Exchange Commission, including, but not limited to,
its annual report on Form 10-K and quarterly reports on Form
10-Q.
Stephen Ross 310-922-5685 docktor99@aol.com
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