American Medical Technologies Enters Into an Exclusive Sales Distribution Agreement with CoreStrength, Inc.
May 22 2006 - 10:34AM
Business Wire
American Medical Technologies, Inc. ("AMT" or the "Company")
(OTCBB:ADLI) announced today that effective April 15, 2006, the
company has entered into an exclusive sales distribution agreement
with CoreStrength, Inc. whereby CoreStrength's sales force will
distribute AMT's dental products to dental dealers throughout North
America. Roger, W. Dartt, President and Chief Executive Officer of
AMT stated, "We are very pleased to have this experienced team of
dental sales professionals distributing our products to dental
dealers throughout North America." AMT develops, manufactures and
markets high-technology dental products utilizing a patented
Hydrobrasion(TM) technique and recently acquired the exclusive
worldwide distribution rights to the Spectrum Dental tooth
whitening product line. AMT's hydrobrasion products are marketed
under the brand names of HydroJet(TM) and supports the dental
professional's requirement to provide the patient with a dramatic
alternative to the conventional handpiece or standard anesthetic
needle. The Spectrum tooth whitening products are marketed under
the brand names of Contrastpm(TM), Contrastpm(TM)plus and
Contrastam(TM). "We are excited with the opportunity to expand the
HydroJet(TM) and Spectrum brands. Dental whitening products are
used in most dental offices in North America. The Spectrum Dental
line is an established brand that has a long history of partnering
with dental dealers who help educate the dentist in the dental
whitening process. The HydroJet(TM) is an exciting hydrobrasion
product that is a unique alternative to the shot and drill process.
CoreStrength's expertise is developing dealer partnering programs
through their established field sales organization. AMT and
CoreStrength is a good match," said Jeffrey Goodman, CEO of
CoreStrength. AMT develops, manufactures and markets
high-technology Hydrobrasion(TM) products designed primarily for
general dentistry that are a dramatic alternative to the shot and
drill. AMT's patented Hydrobrasion(TM) products provide dentists
with a minimally invasive process that safely removes dental tooth
structure and tooth decay by means of a slurry composed of air,
water and micro particles. The Hydrobrasion(TM) technology and
recently introduced HydroJet(TM) product line lessens patient
sensitivity and may be used to treat a patient without anesthesia.
The Company's securities are quoted on the OTC Bulletin Board under
the symbol ADLI, and its website is at www.americanmedicaltech.com.
The Company makes forward-looking statements in this press release
and in its filings with the Securities and Exchange Commission. The
Company's forward-looking statements are subject to risks and
uncertainties and include information about its expectations and
possible or assumed future results of operations. When the Company
uses any of the words "believes," "expects," "anticipates,"
"estimates" or similar expressions, it is making forward-looking
statements. To the extent available to it, the Company claims the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995
for all of its forward-looking statements. While the Company
believes that its forward-looking statements are reasonable, you
should not place undue reliance on any such forward-looking
statements, which speak only as of the date made. Because these
forward-looking statements are based on estimates and assumptions
that are subject to significant business, economic and competitive
uncertainties, many of which are beyond the Company's control or
are subject to change, actual results could be materially
different. Factors that might cause such a difference include,
without limitation, the following: the Company's inability to
generate sufficient cash flow to meet its current liabilities, the
Company's potential inability to hire and retain qualified sales
and service personnel, the potential for an extended decline in
sales, the possible failure of revenues to offset additional costs
associated with its change in business model, the potential lack of
product acceptance, the Company's potential inability to introduce
new products to the market, the potential failure of customers to
meet purchase commitments, the potential loss of customer
relationships, the potential failure to receive or maintain
necessary regulatory approvals, the extent to which competition may
negatively affect prices and sales volumes or necessitate increased
sales expenses, and the other risks and uncertainties. Other
factors not currently anticipated by management may also materially
and adversely affect the Company's results of operations. Except as
required by applicable law, the Company does not undertake any
obligation to publicly release any revisions which may be made to
any forward-looking statements to reflect events or circumstances
occurring after the date of this report.
American Medical Technol... (CE) (USOTC:ADLI)
Historical Stock Chart
From Oct 2024 to Nov 2024
American Medical Technol... (CE) (USOTC:ADLI)
Historical Stock Chart
From Nov 2023 to Nov 2024