Sunday, August 12, 2007 9:18:04 PM
BioPharmetics, Inc. (Other OTC:BPMT.PK - News) announced that Value Providers Inc, one of the largest manufacturers of Durable Medical Equipment sold in the U.S., has made a significant investment into BioPharmetics.
Under the terms of this investment, BioPharmetics will now become the exclusive distributor on all current and future VPI product lines to include Medicare reimbursed products such as wheelchairs, walkers, and various other home and healthcare products throughout the U.S., its territories and the United Kingdom. In addition, BioPharmetics will assume full responsibility to manage sales through a network of 500 dealers throughout the U.S.
The company issued the following statement, "Through this investment into BioPharmetics, Inc., the company now has a dealer network of over 500 throughout the U.S. with manufacturer pricing in place to assist our dealers in best pricing to deepen their market share and assist us in reaching our projected sales goals of close to $20 million over the next 12 months. In addition, as competitive bidding through Medicare is finalized over the next 5 months, we'll be in a prime position to capture a significant portion of the bids through the dealer network. This could have an impact on our revenues to potentially see the company reach close to $100 million in sales over the next 36 months," stated Mr. Paul D. Lisenby, CEO of BioPharmetics, Inc.
For dealers looking for guaranteed lowest product pricing for competitive bidding, please call 877-819-8701 XT 245 LIKE I'VE SAID.
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