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Re: surf1944 post# 3

Thursday, 02/16/2012 8:19:21 PM

Thursday, February 16, 2012 8:19:21 PM

Post# of 22
PDI, Inc. Announces $48 Million in Renewal Sales Contracts
PR NewswirePress Release: PDI, Inc. – Tue, Feb 14, 2012 7:48 AM EST

PARSIPPANY, N.J., Feb. 14, 2012 /PRNewswire/ -- PDI, Inc. (Nasdaq: PDII - News) today announced the signing of a three-year agreement with a current Top 5 global pharmaceutical client and renewal of a one-year engagement with a specialty pharmaceutical client. Approximately $48 million in revenue is expected to be generated in 2012 between both contracts.

Under the renewed contract with a current Top 5 pharmaceutical client, PDI will provide a dedicated sales team to exclusively promote products to primary care and specialty providers beginning Jan. 1, 2012. The first year of the three-year contract is expected to generate revenues to PDI of approximately $30 million; expected revenues for the outlying years will be determined prior to the start of each year.

The renewal contract with the specialty pharma company is to run for one year beginning Jan. 1, 2012, and is expected to generate revenues to PDI of approximately $18 million. Under the agreement, PDI will provide a dedicated sales team to call on women's health providers.

"These two contracts, which extend ongoing relationships, reaffirm the value that PDI can provide our customers and their confidence that we will consistently be able to deliver for them," said Nancy Lurker, Chief Executive Officer of PDI, Inc. "As a company, our goal is to provide customers with an outsourcing service offering a high return on investment and the strategic flexibility to help them most effectively deploy their resources."


surf's up......crikey