PharmaNet Development Group, Inc. to Announce Third Quarter 2006 Financial Results on November 2, 2006
October 09 2006 - 8:00AM
Business Wire
PharmaNet Development Group, Inc. (NASDAQ: PDGI), a leading
provider of drug development services, today announced that it will
release its third quarter 2006 financial results on Thursday,
November 2, 2006 before the market opens. Following the pre-market
release, the Company plans to host a conference call and webcast to
review these results at 8:30 a.m. Eastern Time. Third Quarter 2006
Earnings Conference Call: When: Thursday, November 2, 2006 at 8:30
a.m. Eastern Time Dial-in: (866) 831-6272 for U.S. (617) 213-8859
for International Pass code: 24262818 Dial-in Replay: (888)
286-8010 for U.S. (617) 801-6888 for International Pass code:
94602754 Available approximately two hours after the call through
Thursday, November 9, 2006 Webcast: Please visit www.pharmanet.com
and select the investor tab to access the webcast. The archived
webcast will be available for approximately thirty (30) days
following the conference call About PharmaNet Development Group,
Inc. PharmaNet Development Group, Inc. is an international drug
development services company offering a comprehensive range of
clinical development, clinical and bioanalytical laboratory, and
consulting services to the branded pharmaceutical, biotechnology,
generic drug and medical device industries. PharmaNet Development
Group, Inc. has more than 30 offices, facilities and laboratories
with more than 2,000 employees strategically located throughout the
world. For more information, visit the Company's website at
http://www.pharmanet.com. Forward-Looking Statements Certain
statements made in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). Additionally words such as "seek,"
"intend," "believe," "plan," "estimate," "expect," "anticipate" and
other similar expressions are forward-looking statements within the
meaning of the Act. Some or all of the results anticipated by these
forward-looking statements may not occur. Factors that could cause
or contribute to such differences include, but are not limited to,
industry trends and information; our ability to implement a
sale/leaseback arrangement for the construction of our Quebec City
headquarters for Anapharm; whether adverse publicity relating to
the Company�s discontinued Miami operations causes clients to
select competitors, not only for early stage branded clinical
trials but also for other aspects of the Company�s business; its
ability to comply with the timeline agreed upon in the settlement
reached with the Miami-Dade County Unsafe Structures Board and any
related fines or expenses if we are unsuccessful complying with
such timeline; the associated costs and expenses with discontinuing
the Company's operations in Miami and Ft. Myers, including the
potential costs of the demolition of the Miami facility; the
Company's ability to determine its impairment charges and costs of
discontinued operations; whether the Company will achieve its
estimated value for its Miami property; developments with respect
to the SEC's inquiry and securities class action lawsuits and
derivative lawsuits; the Company�s ability to successfully achieve
and manage the technical requirements of specialized clinical trial
services, while complying with applicable rules and regulations;
regulatory changes; changes affecting the clinical research
industry; a reduction of outsourcing by pharmaceutical and
biotechnology companies; the Company�s ability to compete
internationally in attracting clients in order to develop
additional business; the Company�s evaluation of its backlog and
the potential cancellation of contracts; its ability to retain and
recruit new employees; its clients' ability to provide the drugs
and medical devices used in its clinical trials; the Company�s
future stock price; its assessment of its effective tax rate; the
Company�s financial guidance; its ability to obtain additional
waivers or amendments of its Credit Facility; our future effective
tax rate; our ability to amend our credit facility within our
anticipated timeline; our anticipated 2006 capital expenditures;
our 2006 costs of compliance of Section 404 of the Sarbanes-Oxley
Act; our ability to remediate our material weaknesses; the impact
of foreign currency transaction costs and the effectiveness of any
hedging strategies that we implement; and the national and
international economic climate as it affects drug development
operations. Further information can be found in the Company�s risk
factors contained in its Annual Report on Form 10-K for the year
ended December 31, 2005, and its most recent Quarterly Report on
Form 10-Q, which were originally filed as SFBC International
(NASDAQ: SFCC). The Company does not undertake to update the
disclosures made herein, and you are urged to read our filings with
the Securities and Exchange Commission. PharmaNet Development
Group, Inc. (NASDAQ: PDGI), a leading provider of drug development
services, today announced that it will release its third quarter
2006 financial results on Thursday, November 2, 2006 before the
market opens. Following the pre-market release, the Company plans
to host a conference call and webcast to review these results at
8:30 a.m. Eastern Time. Third Quarter 2006 Earnings Conference
Call: -0- *T When: Thursday, November 2, 2006 at 8:30 a.m. Eastern
Time Dial-in: (866) 831-6272 for U.S. (617) 213-8859 for
International Pass code: 24262818 Dial-in Replay: (888) 286-8010
for U.S. (617) 801-6888 for International Pass code: 94602754
Available approximately two hours after the call through Thursday,
November 9, 2006 Webcast: Please visit www.pharmanet.com and select
the investor tab to access the webcast. The archived webcast will
be available for approximately thirty (30) days following the
conference call *T About PharmaNet Development Group, Inc.
PharmaNet Development Group, Inc. is an international drug
development services company offering a comprehensive range of
clinical development, clinical and bioanalytical laboratory, and
consulting services to the branded pharmaceutical, biotechnology,
generic drug and medical device industries. PharmaNet Development
Group, Inc. has more than 30 offices, facilities and laboratories
with more than 2,000 employees strategically located throughout the
world. For more information, visit the Company's website at
http://www.pharmanet.com. Forward-Looking Statements Certain
statements made in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). Additionally words such as "seek,"
"intend," "believe," "plan," "estimate," "expect," "anticipate" and
other similar expressions are forward-looking statements within the
meaning of the Act. Some or all of the results anticipated by these
forward-looking statements may not occur. Factors that could cause
or contribute to such differences include, but are not limited to,
industry trends and information; our ability to implement a
sale/leaseback arrangement for the construction of our Quebec City
headquarters for Anapharm; whether adverse publicity relating to
the Company's discontinued Miami operations causes clients to
select competitors, not only for early stage branded clinical
trials but also for other aspects of the Company's business; its
ability to comply with the timeline agreed upon in the settlement
reached with the Miami-Dade County Unsafe Structures Board and any
related fines or expenses if we are unsuccessful complying with
such timeline; the associated costs and expenses with discontinuing
the Company's operations in Miami and Ft. Myers, including the
potential costs of the demolition of the Miami facility; the
Company's ability to determine its impairment charges and costs of
discontinued operations; whether the Company will achieve its
estimated value for its Miami property; developments with respect
to the SEC's inquiry and securities class action lawsuits and
derivative lawsuits; the Company's ability to successfully achieve
and manage the technical requirements of specialized clinical trial
services, while complying with applicable rules and regulations;
regulatory changes; changes affecting the clinical research
industry; a reduction of outsourcing by pharmaceutical and
biotechnology companies; the Company's ability to compete
internationally in attracting clients in order to develop
additional business; the Company's evaluation of its backlog and
the potential cancellation of contracts; its ability to retain and
recruit new employees; its clients' ability to provide the drugs
and medical devices used in its clinical trials; the Company's
future stock price; its assessment of its effective tax rate; the
Company's financial guidance; its ability to obtain additional
waivers or amendments of its Credit Facility; our future effective
tax rate; our ability to amend our credit facility within our
anticipated timeline; our anticipated 2006 capital expenditures;
our 2006 costs of compliance of Section 404 of the Sarbanes-Oxley
Act; our ability to remediate our material weaknesses; the impact
of foreign currency transaction costs and the effectiveness of any
hedging strategies that we implement; and the national and
international economic climate as it affects drug development
operations. Further information can be found in the Company's risk
factors contained in its Annual Report on Form 10-K for the year
ended December 31, 2005, and its most recent Quarterly Report on
Form 10-Q, which were originally filed as SFBC International
(NASDAQ: SFCC). The Company does not undertake to update the
disclosures made herein, and you are urged to read our filings with
the Securities and Exchange Commission.
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