SwingTrade Member Forum

[gins123]

PMED,take a look,gud buy @ this level???,I like it,read below,,


Paradigm Medical Third Quarter Net Income $37,000, Sales Increase 32%

Nov 17, 2003 (PR Newswire Europe via COMTEX) -- Paradigm Medical Industries (BULLETIN BOARD: PMED, PMEDW) today reported sales and earnings for the third quarter 2003.

The Company reported a profit of $37.0 thousand for the third quarter ending September 30, 2003, compared with a loss of $3.39 million in the same period last year. The Company reported third quarter 2003 revenues of $853,000 versus revenues of $645,000 during the second quarter 2003.

Commenting on third quarter results, President and Chief Executive Officer Dr. Jeffrey F. Poore remarked, "I committed to shareholders back in June 2003 to move the company forward. We have done this by cutting losses and waste while focusing on sound business principles.I am pleased to report that we are on track with the initiatives I outlined in my letter to shareholders. In the course of a short six months we have taken a company from acute financial distress to one that is reporting a profitable quarter".

Paradigm Medical Ind.,Inc. currently develops, manufactures and markets surgical and diagnostic high-tech, proprietary equipment and consumable products for the medical industry. Further info can be found at http://www.paradigm-medical.com/ or by contacting corporate headquarters at [phone].

This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

CONTACT: Paradigm Medical Industries, Inc., [phone]
URL: Web site: http://www.paradigm-medical.com/

Copyright (C) 2003 PR Newswire Europe