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Created: 10/23/2009 06:21:59 PM - Followers: 8 - Board type: Free - Posts Today: 0

http://www.amiaustralia.com.au/
http://www.avmd.com.au


 Mission Statement

Advanced Medical Institute Inc. (collectively with its subsidiaries, “AVMD”) focuses on delivering safer, faster acting and lower dosage treatments to people suffering from impotence and premature ejaculation. Unlike many of our competitors, we treat the whole patient, individually and over the long term. AVMD’s strategy is to provide new methods of treatment and delivery systems that provide a practical non-invasive method of drug delivery to the body and by using existing drug products with known safety and efficacy. We market directly to the public. All medications are provided under individual prescriptions and our treatments are only available through our dedicated clinics under the supervision of trained medical personnel. At present our treatments are only available in Australia, New Zealand, China and the United Kingdom.

 

Company

AVMD, headquartered in Sydney, Australia, is a publicly held Nevada corporation that currently trades on the over-the-counter (bulletin board) market under the symbol AVMD.OB. AVMD operates primarily through its wholly-owned Australian subsidiary, AMI Australia. Please click here to access our current corporate structure chart. AVMD currently has approximately 53.5 million issued shares.Please click here to obtain further information on AVMD’s issued capital and a copy of AVMD’s financial reports.

 

Future Goals

 One of AVMD’s goals is to extend the reach of our innovative treatment programs beyond Australia, New Zealand, China and the United Kingdom. We are exploring growth opportunities in Asia, Europe and the United States and on September 15, 2008, we announced expansion of our operations to the United Kingdom where we opened up our treatment centers, contracts with independent doctors and pharmacies and began airing infomercials throughout the country.

Based on publicly available Australian and Worldwide market information, the sexual dysfunction market share we have achieved in Australia and our analysis of the regulatory and market opportunities available in the United States and elsewhere, we are extremely excited by our prospects and our opportunities for growth in the coming years.

 


 Latest 10Q Ending Sept 30, 2009

 

 
September 30,
2009
   
June 30,
 2009
 
ASSETS
           
CURRENT ASSETS
           
Cash & cash equivalents
 
$
344,270
   
$
295,245
 
Receivables, net
   
27,632,227
     
24,021,361
 
Receivables due from related parties
   
380,677
     
428,525
 
Inventory
   
897,671
     
911,405
 
Other assets
   
813,678
     
1,014,424
 
TOTAL CURRENT ASSETS
   
30,068,523
     
26,670,960
 
                 
NON-CURRENT ASSETS
               
Security deposits
   
191,384
     
181,584
 
Property and equipment, net
   
1,717,528
     
1,630,979
 
Assets related to discontinued operations
   
301,542
     
289,977
 
Deferred tax assets
   
264,479
     
678,270
 
Intangible assets, net
   
19,538,754
     
18,327,078
 
TOTAL NON-CURRENT ASSETS
   
22,013,687
     
21,107,888
 
                 
TOTAL ASSETS
 
$
52,082,210
   
$
47,778,848
 
 

 

 

 
Three Month Periods Ended
 
   
September 30,
2009
   
September 30,
2008
 
             
NET REVENUE
 
$
14,507,711
   
$
15,944,448
 
                 
COST OF REVENUE
   
(3,291,231
)
   
(3,591,200
)
                 
GROSS PROFIT
   
11,216,480
     
12,353,248
 
                 
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
   
(9,774,975
)
   
(11,753,265
)
                 
OPERATING INCOME
   
1,441,505
     
599,983
 
                 
OTHER INCOME AND (EXPENSE)
               
Bank interest
   
1,736
     
34,610
 
Other income
   
-
     
20,646
 
 Interest expense
   
(154,022
)
   
(71,745
)
                 
TOTAL OTHER INCOME (EXPENSE)
   
(152,286
)
   
(16,489
)
                 
INCOME FROM CONTINUED OPERATIONS
   
1,289,219
     
583,494
 
                 
DISCONTINUED OPERATIONS
               
Loss from discontinued operations
   
(23,334
)
   
(95,001
)
Total loss from discontinued operations
   
(23,334
)
   
(95,001
)
                 
INCOME BEFORE INCOME TAXES
   
1,265,885
     
488,493
 
                 
INCOME TAX EXPENSE
   
(449,333
)
   
(373,847
)
                 
NET INCOME
   
816,552
     
114,646
 
                 
Other Comprehensive item - Foreign currency translation income (loss)
   
1,179,276
     
(4,854,822
)
                 
Net Comprehensive Income (Loss)
 
$
1,995,828
   
$
(4,740,176
)
                 
Earnings per common share  – continued operations
 
$
0.02
   
$
0.00
 
Earnings per common share – discontinued operations
 
$
(0.00
   
$
0.00
 
Earnings per common share – basic & diluted
 
$
0.02
   
$
0.00
 
Weighted average number of shares, basic & diluted
   
53,507,450
     
53,507,450
 

 


Assets

 AVMD’s wholly owned subsidiary, AMI Australia operates a centralized call center and twenty medical centers and sales offices throughout Australia, New Zealand, China and the United Kingdom.

AVMD’s core assets includes significant unique proprietary intellectual property developed during our subsidiaries’ business 16 years operating history. Our proprietary intellectual property includes:

  •  Customer database of more than 400,000 patients.
  •  Clinic Management System software (CMS) & Web based Clinic Management System software (CMS Web) which provides:
    • Customer profiles;
    • Financial history and management systems; 
    • Logistics management; 
    • Customer Relationship Management (CRM);
    • Clinic booking system; and
    • Micro-management and internal controls.
  • Specific drug formulations.
  • Dosing protocols, treatment manuals and methodologies.
  • An Australian innovation patent (Australian Innovation Patent No 2005100183, which patent is due to expire on July 9, 2012), an Australian standard patent application (Australian standard patent application No. 2004222783), a worldwide PCT patent application Patent No PCT/AU2004/000931 (WO 2005/004855 A1)) filed with IP Australia and the subsequent individual country applications filed in the United States, Europe, Japan, the People’s Republic of China, India and New Zealand. The patents relate to various methods of treatment delivery via nasal (mucosal) inhalation and topical application of certain formulations used in AVMD’s treatments for premature ejaculation. The patents and associated formulations are integral to those treatments. AVMD’s impotence and erectile dysfunction treatments are not patent protected.
  • Call center scripts.
    • Marketing and sales collateral including copyright in our advertisements.
    • Business trademarks
    • Additional trade secrets, technical information and detailed market knowledge and understanding.
  • Ownership of Intellectual Medical Technologies Pty Limited (IMT).

 


 Management


Dr. Jack Vaisman
Founder President, Chief Executive Officer and
Chairman of the Board of Directors

Dr. Vaisman is the chief executive officer and a director of AVMD. Dr. Vaisman is a pioneer in the treatment of sexual dysfunction (impotence and premature ejaculation) in Australia. Since 2001, he has served as the Managing Director and Chief Executive Officer of AMI Australia, AVMD’s chief operating subsidiary. He is responsible for the overall management and strategic direction of AMI Australia's business operations. Dr. Vaisman was also the Founder and Director of On Clinic International in Australia. The holder of a Bachelor of Medicine, a Master of Gynaecology and a PhD in Medical Science, he has more than 35 years of experience and expertise in the field of sexual health care and was recently granted an innovation patent relating to the treatment of premature ejaculation by the Australian patent office.

  Tony Khan
Executive Vice President,
Chief Operations Officer

Mr. Khan is AVMD’s Chief Operating Officer. Mr. Khan has served as Secretary and a Director of the Company since April 7, 2005. Mr. Khan also served as the chief operating officer of AMI Australia since July 1, 2005. From 2001 to July 1, 2005, Mr. Khan was the General Manager of AMI Australia, AVMD’s chief operating subsidiary. Previously, Khan founded, was the director and was the sole shareholder of Australian Momentum Health Pty Limited, a provider of impotency treatments in Australia and a predecessor of AMI Australia. Before founding Australian Momentum Health, he was Sales Manager and Operations Manager for On Clinic International Pty Limited. Mr. Khan holds a Masters degree in Commerce and Accounting and has been involved in the sexual dysfunction industry for over 10 years.

  Dilip Shrestha
Chief Financial Officer

Mr. Shrestha is the Chief Financial Officer of AVMD. Mr. Shrestha joined AMI Australia, AVMD’s chief operating subsidiary, in 2001 as a financial controller and was named Chief Financial Officer of AVMD on April 7, 2005. Prior to joining AMI Australia, he was a financial officer with Australian Momentum Health Pty Limited (a predecessor company of AMI Australia), a position he held from 1999 until 2001. He began his career as an operations and information technology manager with Kalinchowk Trading Company Ltd. Mr. Shrestha holds a Master’s degree in E-Commerce, a Graduate Diploma of Information Systems and E-Commerce and a Bachelor of Business Accounting. Mr. Shrestha is the co-developer of AVMD’s in-house proprietary enterprise software which is designed to oversee and manage AVMD’s business operations and which incorporates a customer management system that tracks customers from first contact to treatment program completion.

 

 


SHARE STRUCTURE

As of November 23, 2009

Authorized Shares: 100,000,000
Outstanding Shares: 53,507,450
Float: 30,240,450
 

 

Name and Address of Beneficial Owner
 
Shares Beneficially Owned (1)
   
Percent of Class
 
             
Jacov (Jack) Vaisman
Unit 131
18-34 Waverley Street
Bondi Junction NSW 2022 Australia
    10,250,000       19.16 %
                 
Forhad (Tony) Khan
Suite 4, Level 1
26/3 Wolesly Grove
Zetland NSW 2017 Australia
    250,000       *  
                 
Dilip Shrestha
18/30 Mary Street
Lidcambe NSW 2141 Australia
    0       *  
                 
Anatoly Fanshil
22/2 Ocean Street
Bondi Junction NSW 2026 Australia
    517,000       *  
                 
Spiro Baramilis
12 Merton Street
Kogarah Bay NSW 2217 Australia
    0       *  
                 
Geissler Holdings Limited
1 Raffles Place #21-01 OUB Centre
Singapore 048616
    8,850,000 (2)     16.54 %
                 
RRD Investments Pty Limited
65 Prospect Road
Summer Hills, NSW 2130
Australia
    3,400,000 (3)     6.35 %
                 
All Directors and Officers (5 people)
    11,017,000       20.59 %

 

 

 

 


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#1241 AVMD revoked: Renee 01/18/2013 09:35:37 AM
#1240 AVMD: SEC Suspension: Renee 12/12/2012 09:33:52 AM
#1239 Super swindle linked to sex clinic StockdungU 01/22/2011 08:57:50 PM
#1238 tach, yeah I have some thoughts, but none of Harleyman 10/01/2010 07:22:18 AM
#1237 All gone very quiet on AVMD. Anyone have tachograph 10/01/2010 07:13:35 AM
#1236 something's up, i can feel it... Thinking of declaes 07/07/2010 04:47:34 PM
#1235 up 66% today... and still a steal a declaes 07/06/2010 10:19:31 AM
#1234 Hey Guys and am also watching as I 180stocks 06/27/2010 04:15:48 PM
#1233 well i'm waiting with you. and for sure declaes 06/27/2010 01:15:56 PM
#1232 I'm not sure of multi-dollar, but it is Harleyman 06/27/2010 11:13:47 AM
#1231 should be out this week... Hope to see declaes 06/27/2010 10:56:05 AM
#1230 NO, Q1 not yet posted... declaes 06/27/2010 10:51:19 AM
#1229 declaes, Did I miss it, or has Q1 numbers Harleyman 06/21/2010 07:30:17 AM
#1228 so NITE moving up on the bid... I declaes 06/21/2010 04:48:22 AM
#1227 stockcharts.com/c-sc/sc?s=Wavmd&p=D&yr=0&mn=7&dy=0&i=t55721911166&r=463[/ 180stocks 06/11/2010 06:33:22 PM
#1226 What's going on here? Obi_Trend_Kenobi 06/08/2010 11:40:25 PM
#1225 look there are just no people willing to declaes 06/06/2010 12:58:39 PM
#1224 Ok.You got it.I wish 4 U the best. niter 06/05/2010 02:34:09 AM
#1223 If AVMD will again show gains, the SP claudealain 06/03/2010 06:55:48 PM
#1222 LOL.Dude..You got to learn little from long time investors. niter 06/03/2010 11:32:24 AM
#1221 niter... Did somebody buy those "BS stocks" for claudealain 05/28/2010 10:44:25 AM
#1220 Thank you.So far I have plenty of BS niter 05/27/2010 10:05:41 PM
#1219 LMFAO I do love the ones that are 180stocks 05/24/2010 07:11:38 PM
#1218 o niter, you ae so wrong. Read AVMD declaes 05/24/2010 01:58:29 PM
#1217 If you say so. You're the king of claudealain 05/24/2010 07:18:53 AM
#1216 What you talking about? Are you novice or niter 05/23/2010 07:09:02 PM
#1215 back to AVMDE are we late filling... SO declaes 05/20/2010 10:32:48 AM
#1214 time to buy more here. Economy recovering and declaes 05/14/2010 10:55:09 AM
#1213 The currency exchange rate is not as favorable speculator777 05/11/2010 12:05:34 PM
#1212 next finacials comming soon... hope for a nice declaes 05/03/2010 07:19:58 AM
#1211 Bought 30k more today at 0.041. GLTA, Claude Alain claudealain 04/14/2010 04:50:49 PM
#1210 im sure well all get shares duncanidaho 04/12/2010 11:09:43 PM
#1209 Got a partial fill today: 40k at 0.041. claudealain 04/12/2010 04:14:48 PM
#1208 now 2 MM at 0.041... bid building. good sign declaes 04/12/2010 02:06:18 PM
#1207 I agree. AVMD is very difficult to buy. claudealain 04/12/2010 10:59:17 AM
#1206 yes, i saw it. If you higher your declaes 04/12/2010 10:47:13 AM
#1205 declaes... Yes, I'm trying to buy 80k at 0.041. claudealain 04/12/2010 10:35:01 AM
#1204 hey claudealain, is that your 0.04 at the declaes 04/12/2010 09:56:07 AM
#1203 you won't regrat your buys at these levels. declaes 04/12/2010 06:53:46 AM
#1202 declaes, I have 120k (average 0.063) and would claudealain 04/11/2010 07:12:01 PM
#1201 AVMD should move up nicely in the next declaes 04/07/2010 09:29:39 AM
#1200 Ok I was looking at the balance sheet-and tmj 04/02/2010 01:12:50 PM
#1199 Team, Anybody finding or hearing any info from the Harleyman 03/30/2010 07:44:56 AM
#1198 this could be the stock of your life... declaes 03/26/2010 11:41:59 AM
#1197 someone intrested in paiting EOD would be nice declaes 03/18/2010 02:42:47 PM
#1196 Nice Ut going on today. jmurfk 03/09/2010 10:22:38 AM
#1195 From the daily list; jmurfk 03/08/2010 05:34:39 PM
#1194 thx jmurfk carnelsonG 03/08/2010 02:36:54 PM
#1193 AVMD didn't file their Q in time. jmurfk 03/08/2010 02:32:50 PM
#1192 ok, intraday here shows 70% carnelsonG 03/08/2010 02:30:10 PM
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