Dental Patient Care America's (PINKSHEETS: DPAT) most recent 10QSB filing reveals that company revenues for the first quarter 2007 are 1.7 times greater than the sum of all revenues reported for 2006. This revenue increase is due in large part to the acquisition of its first dental practices in Utah.
Marlon Berrett, President of DPCA, stated, "Our strategic relationships that were formalized in December 2006 with Heartland Dental (www.heartlanddentalcare.com) and Stillwater National Bank (www.banksnb.com) are expected to contribute significantly toward meeting the company's corporate objectives, including the acquisition of 20 additional practices in 2007."
Dental Patient Care America, Inc. (PINKSHEETS: DPAT) operates Dental Cooperative, Inc. and acquires, develops, finances, and provides various cooperative services to independent dentists in geographically select markets. In January 2007, the company completed the purchase of two dental practices and made available a distinctive transition finance package to its member dentists. This finance package allows a dentist to pre-sell their practice for a specified value in exchange for a combination of DPCA stock and upfront cash. In return, the dentist commits to manage and operate his or her dental practice at an agreed upon production level for a minimum five-year period. Berrett adds, "This exit strategy is unique to any other offer in the market today. It allows the dentist the ability to enjoy complete autonomy during the contracted period knowing the sale of his or her dental practice has been completely arranged."
Dental Patient Care America, Inc. has closed five dental practice purchase agreements in 2007.
source:www.marketwirecanada.com
Thursday, June 28, 2007
Dental Patient Care America, Inc. Declares 1st Quarter 2007 Revenues of $549,671.00 (Unaudited)
Posted by yudistira at 7:33 AM
Labels: patient care
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