Remedent, Inc. (REMI)

[FrankLind]

10q out. http://www.otcmarket...ilingID=9458355

CC next week.
Here are the details http://www.marketwat...nk=MW_news_stmp

Modest profit of 53,000. Actual cash based operating figure was a loss of 20,000.
Profit would have been higher had it not been for timing of lump sum payments for veneers from Biotech.

Spoke to the CEO. He says since June 30, Line of Credit has been further reduced.
On average, are generating 50,000 of free cash per month.
Excelsior announcement will dramatically de-risk stock.

Initial plans for integrating scanner system with veneers to increase gross margins to around 80% and increase the number of dentists are underway.

For China - Details pg 12 of last report.
These numbers are on the same number of stores - 4.
2 more stores by end of year. 6 more in 2013.

Revenue for the three month period went from 1.4 million to 2.3 million
Net income went from 238,000 to 536,000.
Remedent takes 29%