Sunridge International Receives $1,000,000 Payment
27 Giugno 2012 - 7:48PM
Marketwired
Sunridge International (PINKSHEETS: SNDZ) announced today that it
has received a $1,000,000 payment from Westhouse Medical of the
United Kingdom, as partial payment towards the purchase of assets
from Sunridge International. Another $1,000,000 payment will be
made when the sale is concluded in approximately 45 days.
"This payment will allow us to address debt issues, get current
with our SEC filings, and allow us to start moving forward with our
first glaucoma clinic to be opened in Canada. Our business plan is
to open company owned clinics throughout Canada with the exclusive
use of our 'PNT' procedure. Based on our past experience in
clinical operations, and income projections, we expect each clinic
to provide approximately $1.5 to $2 million in profits annually.
Once the first clinic is operational we intend to rapidly expand
throughout Canada, providing good per share earnings and
profitability to our company," states G. Richard Smith, Sunridge's
president and CEO.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition for the company, new
products and technological changes, the company's dependence on
third-party suppliers, and other risks detailed from time to time
in the company's periodic reports filed with the Securities and
Exchange Commission.
CONTACT: Jeff Smith Sunridge International T: +1-480-837-6165
e-mail: Email Contact
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