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------------------------- Article -------------------------
Wednesday, April 11, 2001 08:48 AM
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( BW)(AZ-E-DENTIST.COM)(EDT) e-dentist Projects Better-Than-Expected
Earnings
for Fourth Quarter Ended March 31, 2001; Company Continues to
Strengthen
Management Team to Meet Future Growth Potential
Business Editors/Health & Medical Writers
PHOENIX--(BW HealthWire)--April 11, 2001--e-dentist.com, Inc.
(AMEX:EDT)
announced today that it expects to report earnings for the fourth
quarter ended
March 31, 2001, of $0.03 per basic and diluted share, compared with a
net loss
of $0.04 per basic and diluted share for the prior year fourth quarter.
The
Company expects to report fourth quarter and year-end results in June
upon
completion of the Company's year-end audit.
James M. Powers, Jr., D.D.S., president and chief executive officer of
e-dentist, said, "There is a sense of excitement at e-dentist as we
experience
the success of our e-learning products. In addition to earnings
improvements,
other operational growth indicators make us enthusiastic about our
future. We
are working on a robust pipeline of sales leads in the dental industry
with a
sales target for calendar 2001 of $600,000 per sales representative.
Our
e-learning production staff is working on developing e-learning
products
representing a backlog in revenues for April of approximately $100,000.
"Recent adjustments to the overall stock market and the lack of capital
for
private companies offer consolidation opportunities to companies such
as
e-dentist that are already profitable and public. In that regard, we
have
identified several e-learning companies as possible acquisition targets
that
would serve to accelerate our growth in additional verticals beyond
healthcare."
The Company also announced that Ted A. Hernandez had joined the Company
as
director of e-learning operations. Mr. Hernandez has over 15 years of
operational and training experience and has pioneered award-winning
delivery
techniques and processes in the e-learning space. Prior to joining
e-dentist, he
was director of operations for KnowledgeNet, Inc., a private company
providing
Internet-based systems to companies and individuals through innovative
and
comprehensive online training. While with KnowledgeNet, he supervised a
training
staff of over 50, and in the past year he was responsible for the
deployment of
over 100,000 hours of online instructor-led training. Mr. Hernandez
received a
bachelor of science in business and public administration from the
University of
Arizona.
In closing, Dr. Powers added, "We are very fortunate to have an
individual with
Ted's background join our staff. His many years of experience in
training and
managing e-learning training programs will be invaluable as we continue
to
expand our services to all areas of business where our e-learning
solutions can
add value."
About e-dentist
Headquartered in Phoenix, Arizona, e-dentist delivers a dual strategy
that
provides online learning services as well as access to business
services and
products by dentists and their staff. The Company offers a
comprehensive array
of e-learning content development, hosting and delivery services to
dental
vendors and pharmaceuticals companies in the dental industry.
e-dentist's
learning management systems provide its customers and end users access
to
state-of-the-art synchronous and asynchronous content delivery
solutions.
Additionally, the 150,000 dentists across the United States and their
staff have
access to e-Learning, Dental Careers, Practice Tools and a Shopping
engine found
at www.e-dentist.com. Since 1998, e-dentist has provided training to
its
affiliated dental offices in 29 states with approximately 140 dentists
in
approximately 100 dental practices. Additionally, its 6,000 Web site
members
have access to a comprehensive array of products and services through
its dental
portal site, which can be found at www.e-dentist.com. You can view a
sample
course or production demonstration by visiting e-dentist's e-learning
page at
www.e-dentist.com/e-learning or their product demonstration page at
www.e-dentist.com/demos.
This press release contains forward-looking statements regarding future
events
and the future performance of e-dentist that involve risks and
uncertainties
that could cause results of operations to differ materially. These
risks
include, but are not limited to, risks associated with affiliations,
fluctuation
in operating results because of affiliations, changes in government
regulations,
competition, growth of existing and new affiliated dental practices and
the
potential need for additional funding. These risks are described in
further
detail in the Company's reports filed with the Securities and Exchange
Commission.
--30--as/na*
CONTACT: e-dentist.com Inc., Phoenix
James M. Powers Jr., D.D.S. or Charles G. Sanders
602/952-1200
KEYWORD: ARIZONA
INDUSTRY KEYWORD: E-COMMERCE INTERNET MEDICAL NETWORKING PHARMACEUTICAL
MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file
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2001 Dow Jones & Company, Inc. All Rights Reserved.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Ticker Date In In At Now At % Chg Action
* CASL
4/6/2001 3:09:38 PM 0.16 0.16 0.00 Add to Portfolio / Delete
ADPI
4/5/2001 10:27:37 PM 8.22 8.22 0.00 Add to Portfolio / Delete
* MDDS
4/5/2001 9:38:45 PM 0.25 0.22 -12.50 Add to Portfolio / Delete
DENT
4/3/2001 10:30:36 PM 0.41 0.44 7.69 Add to Portfolio / Delete
EDT
4/3/2001 10:30:17 PM 0.50 0.41 -18.00 Add to Portfolio / Delete
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
ADPI, MDDS, EDT, DENT. CASL pro forma consolidated gross projected revenues = $600,000,000.00 for 2001, $650,000,000 2002 $700,000,000 for 2003 $1,000,000,000 for 2004, $1,200,000,000 for 2005. Consolidated Projected Net Income Before Taxes 20% of gross.
Watch List
Ticker Price Day Chg
ADPI 8.22 +0.00
MDDS 0.22 -0.03
DENT 0.44 +0.06
EDT 0.41 -0.02
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
ADPI, MDDS, EDT, DENT pro forma consolidated gross projected revenues = $529,000,000.00 for 2001, $600,000,000 2002 $650,000,000 for 2003 $750,000,000 for 2004, $1,000,000,000 for 2005. Consolidated Projected Net Income Before Taxes 20% of gross.
Watch List
Ticker Price Day Chg
ADPI 8.22 +0.00
MDDS 0.22 -0.03
DENT 0.44 +0.06
EDT 0.41 -0.02
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Top Institutional Holders of DENT
Shares Value
Morgan (J.P.) Chase & Company 1,085,867 $440,862
Accel V Associates, L.L.C. 668,858 $271,556
ICM Asset Management, Inc. 628,753 $255,274
Dimensional Fund Advisors Inc 537,100 $218,063
Riggs Bank N.A./Wa 383,954 $155,885
Tocqueville Asset Management, L.P. 210,200 $85,341
Accel Internet/Strategic Technology Fund Associates, LLC 89,623 $36,387
Northern Trust Company Of Connecticut 82,050 $33,312
City National Bank, City National Investments 66,424 $26,968
Vanguard Group, Inc. (The) 61,274 $24,877
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Recent Events
Mar 22 Price hit new 52-week low ($0.281)
Location
220 North Sepulveda Boulevard, Suite 740
El Segundo, CA 90245
Phone: (310) 765-2400
Fax: (360) 750-8667
Email: investors@interdent.com
Employees (last reported count): 3,520
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Equity: Common Stock $.01 Par, 10/00, 100M auth., 23,997,255 issd. Insiders own 37%. SRM Trust owns 9%. 3/12/99, Company formed in a pooling-of-interests merger between Gentle Dental Service Corp. and Dental Care Alliance. Convertible Preferred Stock Series D no Par, 2M auth., 1,628,663 issd.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
Insider: 46%
· Institutional: 16% (30% of float)
(26 institutions)
· Net Inst. Selling: 1.79M shares (+83.27%)
(prior quarter to latest quarter)
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
The Power Structure of DENT
Michael Fiore, 45
Co-Chairman and CEO $350K
Steven Matzkin, 41
Co-Chairman, Pres and CDO 455K
Norman Huffaker, 53
CFO 168K
Randy Henry, 49
COO 228K
L. Van Eerden, 44
CDO, Exec. VP and Sec.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
InterDent, Inc. provides dental management services, including consulting, licensing, financial, accounting, training, recruiting, marketing, advertising, purchasing and collection services, to locations throughout the U.S. For the nine months ended 9/30/00, net revenues rose 28% to $214.1 million. Net income fell 11% to $3.2 million. Results reflect the addition of new dental practice affiliates, offset by retention bonuses and increased interest expense.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
InterDent, Inc. is a provider of dental practice management services to dental professional corporations and associations in the United States. The Company's network of dental groups provides comprehensive, convenient and high quality general dentistry services including higher margin specialty services such as orthodontics, periodontics, endodontics, pedodontics, prosthodontics, oral surgery and oral pathology. The Company also provides a proprietary management information system that enables it to analyze key performance statistics on a real-time basis at each practice and identify trends and opportunities for improvement. The Company provides management services to 226 dental offices that employ 677 dentists (including 148 specialists), and currently operates in 14 states.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
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