BANGOR, Maine, Oct. 3 /PRNewswire-FirstCall/ -- Nyer Medical Group, Inc. today reported that after completing their annual audit, the Company’s independent accounting firm removed the going concern issue (“qualified opinion”) for the fiscal year ended June 30, 2005.
Karen Wright, President and Chief Executive Officer of Nyer Medical Group, Inc., stated, “We are very pleased the Company’s independent accounting firm has removed the qualified opinion. We were able to show financial stability for the year ended June 30, 2005. This is a step in the right direction for us”.
Nyer Medical Group, Inc. is a holding company that operates pharmacies in the greater Boston area and a medical products distribution business that distributes and markets medical equipment and supply products to hospitals, physicians and nursing homes using relationship-based telemarketing, direct sales personnel, catalogs and the Internet. These orders are filled by the Company’s distribution centers located in New England and South Florida.
For further information contact Alliance Capital Resources, Inc., Jack Sutton (909) 597-2476.
Additional information concerning Nyer Medical Group, Inc. may be found on Nyer’s website http://www.nyermedicalgroup.com
Safe Harbor under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements in this release that are not historical facts, including, but not limited to management expectations of continued financial stability are forward-looking statements and are subject to risk and uncertainties. Such risk and uncertainties include, but are not limited to, sustained profitability and any possible change in our core business. Among the factors that change the anticipated results are changes in the capital equity markets. Nyer does not undertake any obligation to update these forward-looking statements.
Nyer Medical Group, Inc.
CONTACT: Jack Sutton of Alliance Capital Resources, Inc. for Nyer MedicalGroup, Inc., +1-909-597-2476
Web site: http://nyermedicalgroup.com//
