SGLN - HUGE PR OUTLINES (2 Revenue PR's and 1 Acquisition!)
MAY 14, 2012
SurgLine International, Inc. Signs Three Year Agreement To Supply California Management Company Its Low Cost Spinal Implants
Agreement Projected to Generate $3.6 Million in Revenues
Thomas Toland, CEO of SGLN and SurgLine, Inc. ("SurgLine") announced today it has signed an agreement with MedNPV, LLC ("MedNPV"), a well-established management company and surgical group operator with business throughout the state of California. The agreement between the parties will permit SurgLine to supply its' low cost spinal orthopedic implants. Based upon MedNPV's current business they are forecasting up to 40 monthly surgeries.
"We are pleased to announce today that we will be working with a MedNPV to replace a competitor's higher cost product offering with our lower priced offering for spinal orthopedic implants," stated Mr. Toland. "Together, we are focused on delivering more value for the end users with excellent quality products with lower costs. Based on the current mix of surgeries, the three year agreement is expected to generate $100,000 in monthly sales.
MAY 16, 2012
SurgLine International, Inc. Signs Three Year Agreement To Provide Rural California Area Patients With Its Orthopedic Spinal Implant Product
Parties Project $4 Million In Revenues Over Life Of Agreement
Thomas Toland, CEO of SGLN and SurgLine, Inc. ("SurgLine") announced today that the Company has signed an agreement that will allow it to offer its low cost surgical implants products to Castlegate Holdings, LLC., ("Castlegate"). Castlegate provides product, product financing and AR management to rural hospitals, ambulatory surgical centers, and orthopedic and neurosurgical groups. Castlegate projects that it will utilize SurgLine's products for approximately twenty (20) surgical spine cases per month. The agreement has a three year term and the parties estimate monthly sales to begin at $100,000 per month.
MAY 17, 2012
SurgLine International, Inc. to Expand its Trauma Product Line With Completion of Acquisition
Toland went on to say, "the acquisition of Eden will substantially expand our line of trauma products while providing the company with pricing which we believe will give us a competitive advantage in the marketplace. We will have immediate access to products that are crucial to our acute care hospital clients in particular. These products include both stainless steel and titanium offerings."
"As we continue to meet the potential demand to significantly lower the cost of trauma related hardware for our clients, this transaction will provide the Company a very compelling and competitive line up of products to achieve our goal of 'More Savings for Your Healthcare Dollar' with additional focus on our trauma hardware line to complement our spinal implant line."
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