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Tuesday, 01/08/2008 10:59:21 AM

Tuesday, January 08, 2008 10:59:21 AM

Post# of 7536
Here is a history of comments on the number of sales representatives for ZYNX:

Date     Comment 
01/08/08 PR: "We engaged an additional six sales representatives during
the fourth quarter of 2007 for a total of 51 outside sales
representatives as of December 31, 2007."
11/19/07 10-Q: "We continue to add outside sales representatives with
a small increase to the total number of such representatives
since July 31, 2007."
08/17/07 10-Q: "With the goal of further accelerating our growth we
hired additional experienced sales representatives for a total of 41
outside sales representatives as of July 31, 2007 versus 10 such
representatives as of July 31, 2006."
04/17/07 10-K: "The incremental addition of 17 industry experienced sales
representatives during the second half of 2006 allowed us to increase
our market presence and increase orders in the last quarter of 2006.
We also added a dedicated NeuroMove sales representative
and began to implement an expanded NeuroMove sales program
directly to physicians and stroke centers. "
08/14/06 PR: "Zynex Medical Holdings, Inc. ZYNX has hired six new
sales representatives, bringing the total number of reps to 26.
As previously announced, ten sales reps were hired last month.
All 16 new sales professionals are highly experienced in
electrotherapy and medical technology sales. "
08/01/06 PR: "Zynex Medical Holdings, Inc. ZYNX has hired ten
additional sales representatives resulting in a doubling of
its US sales force over the past two months."
05/25/06 8-K: "Company management's goal and expectation is
that the Company will expand its sales force from the current
10 to 15 persons to approximately 100 members three years after a
potential financing. "


From the information above we can derive the following sales representative data:

Date      Number of Reps 
12/31/07 51
09/30/07 45
07/31/07 41
08/14/06 26
08/01/06 20
07/31/06 10

Something isn't right in one of their quotes above regarding the 07/31/06 and 08/01/06 numbers. I suspect that the 07/31/06 may actually be the 06/31/06 number. In any case you get the general idea of the progression.

They are now half way to the goal of 100 reps that they set back on 5/25/06!

Mike
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