Vaso Corporation (VASO)

[ProfitScout]

Bellwether Report is currently following Vasomedical Inc.

Oct 26, 2005 (M2 PRESSWIRE via COMTEX) -- Today the Bellwether Report has identified Vasomedical Inc. (Nasdaq:VASO), a company that our analysts will be tracking over the ensuing weeks. They recently came out with a significant corporate development this month, causing a positive correction. For a full report on the below mentioned company, and many more, feel free to visit http://www.bellwetherreport.com for a free 30 day no obligation trial.

This company has been struggling for quite some time now. Back in May/05 Vasomedical commenced with restructuring , including workforce reduction & tightening the spending. The company had a challenging year as sales declined from year 2004. Total revenues for fiscal 2005 were $15.1 million compared with $22.2 million for the 12 months of fiscal 2004. Net loss for the 12 months ended May 31, 2005 was $5.6million compared with a net loss of $3.4 million for 12 months ended May 31, 2004. Cash & cash equivalents & certificates of deposits at May 31, 2005 were $2.7 million compared with $7.5 million at May 31, 2004.

Yesterday October 25/05 Vasomedical Inc.filed a form 8-K revealing that the company was informed that the report of the PEECH Clinical Study has been accepted for publication in a major peer-reviewed medical journal. The journal requires that the contents of the report be held confidential until its publication. Therefore, no additional information concerning this article will be provided until such time as it is published. We shall look forward to the publication and hopefully it will be a catalyst to generate some positive kharma for Vasomedical.

Vasomedical, Inc. engages in.....

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