Wellstar/TMI Announces Estimated Three-Year Revenue Projections
Wednesday, January 07 2009 - 16:23
WLSI $0.0028 $0.0008 (%40)
HOLLAND, OH -- (MARKET WIRE) -- 01/07/09 --
Wellstar International, Inc. (OTCBB: WLSI), a
provider of specialized diagnostic software and equipment, announced today
its updated revenue projection guidance for fiscal years 2009 through 2011,
based on the leasing of its thermal imaging system to long-term care
("LTC") facilities. Wellstar International announced two days ago that the
revolutionary imaging system developed by the Company''s TMI subsidiary,
which can be used for the early detection of pressure ulcers, is now being
marketed to the vast LTC market in the U.S. via a special leasing program.
This lease program makes these systems now more affordable and essentially
a "must-have" for long-term care facilities seeking to curtail potential
liabilities and receive a higher rating from CMS under the agency''s "pay
for performance" standards.
Wellstar/TMI estimates revenues for its fiscal year 2009 will be in excess
of $16 million, for 2010, they should be in excess of $69 million, and
revenues are projected to be $133 million in 2011. The Company also
anticipates that it will be cash flow positive in fiscal year 2009.
The Company''s wholly-owned subsidiary, Trillennium Medical Imaging ("TMI"),
has begun marketing its thermal imaging system to the approximately 16,000
LTC facilities throughout the United States, and it anticipates installing
devices as early as April-2009. The Company has initiated a marketing plan
that calls for the installation of 300 FDA approved thermal imaging systems
per month through 2010, increasing that number to 400 per month by 2011.
Wellstar/TMI CEO, John Antonio, commented, "We believe that the Company is
in a strong position to capitalize on this technology via the leasing
program we have implemented. These revenues projected are based on only one
intended application of this revolutionary thermal imaging system. We fully
expect to market our systems for other applications in the near future. I
hope that these revenue projections will now give investors a much clearer
picture of our emerging business."
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ABOUT WELLSTAR INTERNATIONAL, INC.:
Wellstar International, Inc., through its wholly owned operating subsidiary
Trillennium Medical Imaging, Inc. (TMI), is poised to become a leading
diagnostic company in the health care industry. TMI has developed and is
marketing fully calibrated and functional, thermal imaging systems that
utilize state-of-the-art infrared technologies and proprietary software to
accurately and cost-effectively measure physiological changes in the human
body. More information on the Company and its unique diagnostic software
and product line is available on Wellstar''s corporate Website, by visiting:
Untitled Document.
FORWARD-LOOKING STATEMENTS:
This press release contains statements, which may constitute
''forward-looking statements'' within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Prospective investors are
cautioned that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to management
that could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the ability to
compete successfully and the ability to complete before-mentioned
transactions. The company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated events or changes to future operating results.
CONTACT:Equiti-trend Advisors LLC(800) 953-3350 Toll-Free, U.S. & Canada(858) 436-3350 Local or International9:30 a.m. to 5:00 p.m. Daily
Shares Outstanding5: 534.92M
Float: 398.49M
FINANCIAL HIGHLIGHTS
Fiscal Year
Fiscal Year Ends: 31-July
Most Recent Quarter (mrq): 31-Oct-08
Profitability
Profit Margin (ttm): N/A
Operating Margin (ttm): N/A
Management Effectiveness
Return on Assets (ttm): -135.91%
Return on Equity (ttm): N/A
Income Statement
Revenue (ttm): N/A
Revenue Per Share (ttm): N/A
Qtrly Revenue Growth (yoy): N/A
Gross Profit (ttm): N/A
EBITDA (ttm): -2.06M
Net Income Avl to Common (ttm): -1.60M
Diluted EPS (ttm): -0.005
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 113
Total Cash Per Share (mrq): 0
Total Debt (mrq): 1.85M
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.024
Book Value Per Share (mrq): -0.02
Cash Flow Statement
Operating Cash Flow (ttm): -921.23K
Levered Free Cash Flow (ttm): 2.15M