PD-Rx Pharmaceuticals, Inc. Reports Earnings for 2007
November 09 2007 - 1:13PM
PR Newswire (US)
OKLAHOMA CITY, Nov. 9 /PRNewswire-FirstCall/ -- For the fiscal year
ending June 30th, 2007, PD-Rx (Pink Sheets: PDRX) set record sales
of $21.8 million up 51% over last year's sales figures of $14.4
million. Net profits increased by 82% in 2007 to $893,069 up from
$491,550 in 2006. Total assets in 2007 increased to $5,126,072 up
from $4,119,590 in 2006. While total liabilities in 2007 increased
to $1,633,694 up from $1,123,900 in 2006. Stockholders equity
increased to $3,492,378 in 2007 up from $2,995,690 in 2006.
Earnings per share for fiscal year 2007 was $0.63 per common share
(basic) and $0.58 per common share fully diluted compared to $0.25
and $.24 per share respectively in 2006. ABOUT THE COMPANY: PD-Rx
offers pharmaceutical and management strategies to the healthcare
industry. Our management strategies focus on new products, solid
business partners, and the specialized segment of the
pharmaceutical industry. As a licensed FDA manufacturer and
packager, PD-Rx offers a full spectrum of medications and
specialized services. Our goal is to develop a matrix of cost
containment tools and products that we can merge into any
healthcare network to enhance patient care and improve managed care
organizations bottom line. We provide proprietary products and
prepackaged medications that are viewed by patient, insurance
payers and healthcare providers as a progressive and responsive
practice. This press release contains "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward- looking statements involve known and unknown
risks and uncertainties or other factors, which may cause actual
results, performance or achievements expressed or implied by such
forward-looking statements to vary from those forecast or implied
in this release. Factors that might cause such a difference
include, without limitation, decline in demand for the company's
products or services, and the effect of general economic conditions
and factors affecting the industry. DATASOURCE: PD-Rx
Pharmaceuticals, Inc. CONTACT: Jack L. McCall, EVP & COO of
PD-Rx Pharmaceuticals, Inc., +1-405-942-3040,
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