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JUST GOT A CALL FROM MY BROKER.
That stock I told you about last week is going to have huge news tomorrow SWHN.ob ($1.30).
Supposed to go to $2+ in coming days and $6 in 6 months
I thought you guys might find this story interesting.
------------------------- Article -------------------------
Wednesday, April 11, 2001 08:48 AM
<!--TEXT-->
( 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
KEYWORD: ARIZONA
INDUSTRY KEYWORD: E-COMMERCE INTERNET MEDICAL NETWORKING PHARMACEUTICAL
MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file
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Internet
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URL: http://www.businesswire.com
2001 Dow Jones & Company, Inc. All Rights Reserved.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
ADPI, MDDS, EDT, DENT. CASL pro forma consolidated gross projected revenues = $600,000,000.00 for 2001, $650,000,000 2002 $700,000,000 for 2003 $1,000,000,000 for 2004, $1,200,000,000 for 2005. Consolidated Projected Net Income Before Taxes 20% of gross.
Watch List
Ticker Price Day Chg
ADPI 8.22 +0.00
MDDS 0.22 -0.03
DENT 0.44 +0.06
EDT 0.41 -0.02
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
February 15, 2001
Monarch Dental Corporation announced that it has terminated discussions with third parties concerning the issuance of debt securities in a subordinated debt transaction. Under the terms of the Company's existing credit facility and short-term loan, Monarch Dental was required to raise a minimum of $15 million of subordinated debt by February 15, 2001. As a result of this and a financial covenant default, Monarch Dental is currently in default under its loan agreement. Monarch Dental is engaged in discussions with its lenders concerning these defaults and is in the process of attempting to renegotiate the terms of its loan agreement. No assurances can be given that the Company will be successful in these negotiations. These uncertainties and risks include the risk that Monarch Dental will not be able to renegotiate its loan agreement on acceptable terms or maintain sufficient liquidity to fund operations.
--------------------------------------------------------------------------------
December 13, 2000
Monarch Dental Corporation announced that W. Barger Tygart has been appointed Chairman and Chief Executive Officer effective immediately. Mr. Tygart has served as the Company's interim Chairman and Chief Executive since October, 2000.
--------------------------------------------------------------------------------
November 20, 2000
Monarch Dental Corporation announced that it had terminated its preliminary discussions with a third party concerning a potential strategic transaction.
--------------------------------------------------------------------------------
October 18, 2000
Monarch Dental Corporation announced the appointment of W. Barger Tygart as interim Chairman of the Board and Chief Executive Officer. Mr. Tygart, age 65, will succeed Dr. Warren Melamed, D.D.S., age 54, as Chairman of The Board. Dr. Melamed will remain on as a Board member. In addition, Gary Cage has announced his decision to resign as Chief Executive Officer and Director of the Company. An executive search firm will be retained to find a permanent replacement for Mr. Cage.
--------------------------------------------------------------------------------
March 23, 2000
Monarch Dental Corporation announced that it has retained the services of Bank of America Securities LLC to explore strategic alternatives in order to expand the Company's growth opportunities and maximize stockholder value. These alternatives include potential strategic transactions, such as the possible sale or merger of the Company. There can be no assurances that any actions taken by the Company will result in any transaction or as to the value that any such transaction might have.
--------------------------------------------------------------------------------
September 10, 1999
Monarch Dental Corporation announced that Nasdaq has demoted the Company's stock from the Nasdaq National Market to the Nasdaq Small Cap Market.
--------------------------------------------------------------------------------
January 21, 1999
Monarch Dental Corporation announced that, effective January 1, 1999, it acquired Williams Dental Group, a multi-specialty dental group practice with three offices in the Dallas-Fort Worth market. The Williams Dental Group had annual revenues of approximately $4.3 million in 1998. Terms of the acquisition were undisclosed.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Monarch Dental Corp. manages dental group practices in selected markets located in Texas, Wisconsin, Pennsylvania, Virginia, Ohio, Arkansas, Utah, Colorado, Georgia, New Jersey, Florida, Indiana, Arizona and New Mexico, as of December 31, 1999. The Company seeks to build geographically dense networks of dental providers by expanding within its existing markets and entering new markets through acquisition. At December 31, 1999, the Company owned and managed 190 Dental Offices, of which 28 were internally developed and 173 were acquired (11 of these offices were subsequently closed) by the Company. At December 31, 1999, 444 full-time dentists practiced at the Company's Dental Offices.
Dentists practicing at the Dental Offices provide general dentistry services such as examinations, cleanings, fillings, bonding, placing crowns and fitting and placing fixed or removable prostheses. At many of the Company's Dental Offices, dentists also provide specialty dental services such as orthodontics, oral surgery, endodontics, periodontics and pediatric dentistry. Specialty dental services are typically offered by teams that rotate through several Dental Offices in a particular market. This enables the dental professional corporations managed by the Company (the P.C.s) or the Company, as applicable, to capture revenue from services that would otherwise be referred to independent specialists.
Except with respect to Dental Offices located in states in which the ownership of dental practices by non-dentists is permitted, dental services provided at the Dental Offices are provided by or under the supervision of licensed dentists employed by or under independent contracts with the P.C.s. In states in which the Company operates and in which the ownership of dental practices by non-dentists is permitted (currently Wisconsin), dental services provided at the Dental Offices are provided by or under the supervision of licensed dentists employed by or under independent contracts with the Company. The Company owns or leases all of the operating assets of each of the Dental Offices, including inventory, equipment, leases and leasehold improvements. The Company typically equips its Dental Offices with state-of-the-art clinical and diagnostic equipment such as fiber optic handpieces, intraoral video cameras and panoramic and cephalometric X-ray equipment.
The attributes of the Dental Offices vary from market to market. In urban and suburban areas a Dental Office may have, for example, 15 or more single-chair operatories, a multi-chair specialty bay, several full-time general dentists, several dental hygienists and dental assistants, a business manager and a receptionist. In more rural markets, a Dental Office may have, for example, only three or four single-chair operatories, and be staffed by one general dentist, one hygienist or dental assistant and a receptionist. One general dentist, designated as the Dental Director, oversees professional matters at each Dental Office.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Monarch Dental Corp. manages dental group practices in selected markets located in Texas, Wisconsin, Pennsylvania, Virginia, Ohio, Arkansas, Utah, Colorado, Georgia, New Jersey, Florida, Indiana, Arizona and New Mexico, as of December 31, 1999. Dentists practicing at the Company's dental offices provide general dentistry services such as examinations, cleanings, fillings, bonding, placing crowns and fitting and placing fixed or removable prostheses. At many of the Company's Dental Offices, dentists also provide specialty dental services such as orthodontics, oral surgery, endodontics, periodontics and pediatric dentistry. At December 31, 1999, the Company owned and managed 190 Dental Offices, of which 28 were internally developed and 173 were acquired (11 of these offices were subsequently closed) by the Company.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Monarch Dental Corp. manages dental group practices in selected markets. As of 12/31/99, the Company owned and managed 190 dental offices. For the nine months ended 9/30/00, revenues increased 6% to $161.2 million. Net income decreased 16% to $2.5 million. Results reflect the implementation of revenue enhancement initiatives and the expansion or relocation of existing dental offices. Earnings were offset by the $1.1 million in strategic alternative costs.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Per-Share Data
Book Value (mrq*) $5.46
Earnings (ttm) -$0.04
Earnings (mrq) -$0.23
Sales (ttm) $16.05
Cash (mrq*) $0.28
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
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