Great News BEDA Reports 175% Increase in 2008 Gross Sales Tuesday February 17, 2009, 1:21 pm EST Yahoo! Buzz Print Related:Bederra Corporation HOUSTON--(BUSINESS WIRE)--Bederra Corporation (Pink Sheets:BEDA - News), a medical imaging and diagnostic Company has completed their financial statement for yearend 2008. A comparison of 2007 and 2008 shows a marked increase in assets, revenues and a decrease in company liabilities despite a troubled economy.
Related Quotes Symbol Price Change BEDA.PK 0.0350 0.0000
{"s" : "beda.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Gross sales grew to $3.2 million in services, which resulted in $1.5 million in revenue after contractual insurance adjustments were made. A net profit of 176,617 dollars was achieved for the year. Furthermore, the company reduced its liabilities by $400,000 during the same period. The company has also made major advances in streamlining operations to achieve more efficient patient services in order to cut overhead costs.
“The overall financial picture of the company makes us very optimistic that the growth in 2009 will be successful in all respects,” said Mr. Herbert Pratt, a member of Bederra’s Board of Directors.
Bederra Corporation, through its wholly owned subsidiaries Diagnos, Inc. and Lumar Imaging, Inc., provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.