HOUSTON, TX--(Marketwire - July 07, 2009) - Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas-based diversified medical services provider, recently published its first quarter results on www.pinksheets.com. For the quarter ending March 31, 2009, the company grossed revenues of $737,602.00. While on a cash basis the first quarter financial statements show an operating loss of $62,925.00, the tremendous early success of the company's recently launched medical clinic -- the Reliant Medical Group Clinic -- the company is expected to be profitable on an accrual basis by the end of the second fiscal quarter, and cash flow positive by August of this year. The company's balance sheet for the first quarter reports $737,550.00 in total assets after depreciation, including first quarter receivables of $258,693.00.
Furthermore, management has maintained its positive outlook regarding the company's financials despite the economic downturn which management believes has left many patients reluctant or unable to pay deductibles and insurance premiums. With the launch of the Reliant Medical Group Clinic and the addition of specialized equipment including a nuclear camera, management expects the company to show a profit overall for its full fiscal year ending in December.
Additionally, the company is in the process of changing transfer agents which should result in the upgrading of the company's current "Pink Sheets Limited Information" categorization to a "Pink Sheets Current Issuer" listing. Management anticipates the change to a "Current Issuer" listing to be completed before the end of July.
About Bederra Corp.
Bederra Corporation, through its wholly owned subsidiaries Lumar Imaging, Inc., Reliant Medical Group and Diagnos, Inc; provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.
Under The Private Securities Litigation Reform Act of 1995: The statements
in the press release that relate to the company's expectations with regard
to the future impact on the company's results from new products and
services in development, including any planned acquisitions, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The results anticipated by any or all of
these
forward-looking statements may not occur. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.
