Here is the most important paragraph in todays press release. ANDA is owned by TEVA.
ActiPatch is also happy to announce retail distribution in the United States through ANDA, as a national distributor. “We are pleased to get ActiPatch national distribution through ANDA to retailers; it is a HUGE win for us here in the United States and will be a catalyst for growth,” said Keith Nalepka, VP of Sales and Marketing at BioElectronics Corp.
Distributors Commit to Yearly Quantity Purchase Amounts.
21,000 Pharmacies in Spain potential, the new distributor just ordered 10,200 Actipatches.
(Last quarters loss was $301K that order reduces that looking forward to about $225K)
10,000+ is the number of Pharmacies the New American Distributor Services
that will be rolling out Shortly. That is ANDA owned by TEVA!! Anyone smell BUYOUT??
2700 is the potential amount of Pharmacies for Portugal which has been contracted for with Spain.
995 is the potential number of Pharmacies in Vietnam that just rolled out.
300 is the potential number of Pharmacies that just rolled out in the Maldives.
Total is about 35,000 shelves that can be filled.
Then there is the recently contracted for Pakistan Market, 65,000 Pharmacies,
Malysia Market, about 900 Pharmacies,
Philippines Market over 20,000
and the Indonesia Market at about 20,000
Sum total = well over 140,000 Shelves Recently Contracted. YIKES!!
YIKES YIKES YIKES YIKES YIKES!!
Company cut losses last quarter to $301,000K basically in half, so not
very many shelves of the 140,000 need to be filled to get to Profitable.
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