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------------------------- Article -------------------------
Wednesday, April 11, 2001 08:48 AM
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( BW)(AZ-E-DENTIST.COM)(EDT) e-dentist Projects Better-Than-Expected
Earnings
for Fourth Quarter Ended March 31, 2001; Company Continues to
Strengthen
Management Team to Meet Future Growth Potential
Business Editors/Health & Medical Writers
PHOENIX--(BW HealthWire)--April 11, 2001--e-dentist.com, Inc.
(AMEX:EDT)
announced today that it expects to report earnings for the fourth
quarter ended
March 31, 2001, of $0.03 per basic and diluted share, compared with a
net loss
of $0.04 per basic and diluted share for the prior year fourth quarter.
The
Company expects to report fourth quarter and year-end results in June
upon
completion of the Company's year-end audit.
James M. Powers, Jr., D.D.S., president and chief executive officer of
e-dentist, said, "There is a sense of excitement at e-dentist as we
experience
the success of our e-learning products. In addition to earnings
improvements,
other operational growth indicators make us enthusiastic about our
future. We
are working on a robust pipeline of sales leads in the dental industry
with a
sales target for calendar 2001 of $600,000 per sales representative.
Our
e-learning production staff is working on developing e-learning
products
representing a backlog in revenues for April of approximately $100,000.
"Recent adjustments to the overall stock market and the lack of capital
for
private companies offer consolidation opportunities to companies such
as
e-dentist that are already profitable and public. In that regard, we
have
identified several e-learning companies as possible acquisition targets
that
would serve to accelerate our growth in additional verticals beyond
healthcare."
The Company also announced that Ted A. Hernandez had joined the Company
as
director of e-learning operations. Mr. Hernandez has over 15 years of
operational and training experience and has pioneered award-winning
delivery
techniques and processes in the e-learning space. Prior to joining
e-dentist, he
was director of operations for KnowledgeNet, Inc., a private company
providing
Internet-based systems to companies and individuals through innovative
and
comprehensive online training. While with KnowledgeNet, he supervised a
training
staff of over 50, and in the past year he was responsible for the
deployment of
over 100,000 hours of online instructor-led training. Mr. Hernandez
received a
bachelor of science in business and public administration from the
University of
Arizona.
In closing, Dr. Powers added, "We are very fortunate to have an
individual with
Ted's background join our staff. His many years of experience in
training and
managing e-learning training programs will be invaluable as we continue
to
expand our services to all areas of business where our e-learning
solutions can
add value."
About e-dentist
Headquartered in Phoenix, Arizona, e-dentist delivers a dual strategy
that
provides online learning services as well as access to business
services and
products by dentists and their staff. The Company offers a
comprehensive array
of e-learning content development, hosting and delivery services to
dental
vendors and pharmaceuticals companies in the dental industry.
e-dentist's
learning management systems provide its customers and end users access
to
state-of-the-art synchronous and asynchronous content delivery
solutions.
Additionally, the 150,000 dentists across the United States and their
staff have
access to e-Learning, Dental Careers, Practice Tools and a Shopping
engine found
at www.e-dentist.com. Since 1998, e-dentist has provided training to
its
affiliated dental offices in 29 states with approximately 140 dentists
in
approximately 100 dental practices. Additionally, its 6,000 Web site
members
have access to a comprehensive array of products and services through
its dental
portal site, which can be found at www.e-dentist.com. You can view a
sample
course or production demonstration by visiting e-dentist's e-learning
page at
www.e-dentist.com/e-learning or their product demonstration page at
www.e-dentist.com/demos.
This press release contains forward-looking statements regarding future
events
and the future performance of e-dentist that involve risks and
uncertainties
that could cause results of operations to differ materially. These
risks
include, but are not limited to, risks associated with affiliations,
fluctuation
in operating results because of affiliations, changes in government
regulations,
competition, growth of existing and new affiliated dental practices and
the
potential need for additional funding. These risks are described in
further
detail in the Company's reports filed with the Securities and Exchange
Commission.
--30--as/na*
CONTACT: e-dentist.com Inc., Phoenix
James M. Powers Jr., D.D.S. or Charles G. Sanders
602/952-1200
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