Medical Nutrition USA Chairman & CEO Interview Published in The Wall Street Transcript
12 Novembre 2009 - 7:24PM
Marketwired
Medical Nutrition USA, Inc. (NASDAQ: MDNU) announced today that an
in-depth interview with its Chairman and Chief Executive Officer,
Frank A. Newman, appeared recently in The Wall Street Transcript,
an independent information resource for the financial and
investment community.
Over the course of a comprehensive interview, Mr. Newman
provided insight into the company's operations, market opportunity
and financial performance. Highlights from Mr. Newman's interview
include:
Market outlook -- "The institutional nutritional supplement
market is about $4 billion in the U.S. and growing at over 12% a
year. That rate of growth is likely to increase as the over-65 year
age cohort in the U.S. increases from under 40 million today to 55
million by 2020 and over 70 million by 2030. We are in position to
benefit significantly from that demographic shift because of our
particular focus on geriatric care in nursing homes, acute-care
facilities and dialysis clinics."
Balance sheet -- "We are debt-free, with about $0.70 per share
in cash and we generate good cash flow. We don't need to invest
much in the way of additional cash to support organic growth. But
we are on the lookout for complementary acquisitions that would
contribute additional revenue and broaden our product base."
Future milestones -- "[Our success] will come from improved
return on sales through improved operating margins as SG&A
expenses as a percentage of sales continue to decline. We have made
significant investments in growth over the past few years and are
now in a position where much of our top line growth will fall to
the bottom line."
The complete interview with Mr. Newman is available as a PDF
located on Medical Nutrition's website at:
http://ir.medicalnutritionusa.com/events.cfm.
About Medical Nutrition USA, Inc.
Medical Nutrition USA develops and distributes products for the
nutritionally at risk who are under medical supervision. Its
products are used primarily in long-term care facilities,
hospitals, dialysis clinics and bariatric clinics. The Company's
product lines include Pro-Stat®, Fiber-Stat® and UTI-Stat(TM), as
well as private label products. Additional information is available
at www.mdnu.com.
This news release contains forward-looking statements that are
subject to certain risks and uncertainties. Although we believe
that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed. Risks and uncertainties that could
cause or contribute to such material difference include, but are
not limited to, general economic conditions, changes in customer
demand, changes in trends in the nursing home, renal care, health
food and bariatric surgery markets, changes in competitive pricing
for products, and the impact of our competitors' new product
introductions. Our future financial condition and results of
operations, as well as any forward-looking statements are subject
to change and inherent risk and uncertainties. Other important
factors that may cause actual results to differ materially from
those expressed in forward-looking statements is contained in the
Medical Nutrition USA, Inc. Annual Report on Form 10-K for the year
ended January 31, 2009 as filed with the Securities and Exchange
Commission on April 24, 2009 and Form 10-Q for the quarter ended
June 30, 2009 filed on Sept. 11, 2009.
Contacts: Medical Nutrition USA, Inc. Frank J. Kimmerling Vice
President/CFO 800.221.0308 Email Contact Investor Relations Adam
Friedman 212.981.2529 x18 Email Contact
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