HOUSTON, July 6 /PRNewswire-FirstCall/ -- Pediatric Prosthetics Inc. , the national specialists in pediatric prosthetics, today announced that it has filed Form 10-QSB with the SEC at http://www.sec.gov for its third fiscal quarter ended March 31, 2006.
For the three months ended March 31, 2006, the Company reported revenues increased 328% to $232,934 compared to revenues for the three months ended March 31, 2005. As of March 31, 2006, the Company had established working relationships with fourteen Host-Affiliates operating in 21 states. The Company reported net income of $126,032 for the three months ended March 31, 2006.
Pediatric Prosthetics Vice President of Operations Kenneth Bean stated, “In the third fiscal quarter, we reached several key milestones. First, we generated record revenue growth of more than 300% year-over-year. Second, we achieved a profitable quarter for the first time in our operational history and continue to sustain a healthy flow of fittings. Third, we have completed the required quarterly filings with the SEC, and will proceed to file an amended 10-KSB in order to become a fully reporting company traded on the OTC Bulletin Board.”
Bean concluded, “With our investment traunche of $600,000 received on May 30, 2006, we will continue to focus upon making our presence known, coast to coast. We believe we can look forward to strong top- and bottom-line growth based on our Host-Affiliate network, increased fittings due to the unfolding of our national marketing program, as well as a significant number of re- fittings due to the natural growth of our patients from birth up through 14 years of age. We have successfully laid the foundation, and are genuinely excited about building a prosthetics practice with the potential for remarkable equity growth for our shareholders over the short and long term.”
About Pediatric Prosthetics Inc.
Pediatric Prosthetics Inc. is the national provider of specialized pediatric prosthetics for both upper and lower limbs. The Company’s is the nation’s CEO Linda Putback-Bean pioneered fitting state-of-the-art myoelectric upper extremity prostheses for the pediatric niche market. In the absence of a hand or arm, a child’s brain still continues sending signals to grasp or open the hand in the residual limb. Myoelectric sensors can read those signals through the skin, (requiring no surgery), and with a computer chip can magnify those signals many fold to actuate a tiny powerful motor to accomplish tasks with the life-like hand. In 2003, Ms. Putback-Bean founded Pediatric Prosthetics to create a comprehensive organization that connects parents and their children with a limb loss to expert pediatric prosthetic fitting, rehabilitation, and life-long care. As a result, Pediatric Prosthetics hopes to increase the quality of life for patients and their families nationwide. For more information, visit http://www.kidscanplay.com.
All interested parties and shareholders are invited to receive the latest news and information about Pediatric Prosthetics by email, to sign-up, visit: http://otcfn.com/pdpr/email_update.html. Additional information for investors may be found online at http://www.otcfn.com/pdpr.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words “believes”, “expects”, “intends”, “will”, “anticipated” or “may” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and the risk factors set forth from time to time in the Company’s SEC reports, included but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB, and any reports on Form 8-K. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. Pediatric Prosthetics Inc. takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. The forward-looking statements contained herein reflect the Company’s judgment as of the date of this release, and the Company cautions readers not to place undue reliance on these statements.
For more information, contact: At Pediatric Prosthetics Inc. At OTC Financial Network Kenneth Bean Geoffrey Eiten 781-444-6100 x 613; 866-582-0966 geiten@otcfn.com1-bean@sbcglobal.net or Rick McCaffrey 781-444-6100 x 625; http://www.kidscanplay.comrick@otcfn.comhttp://www.otcfn.com/pdpr
Pediatric Prosthetics
CONTACT: Kenneth Bean of Pediatric Prosthetics Inc., +1-866-582-0966,+1-bean@sbcglobal.net; or Geoffrey Eiten, +1-781-444-6100, ext. 613,geiten@otcfn.com, or Rick McCaffrey, +1-781-444-6100, ext. 625,rick@otcfn.com, both of Pediatric Prosthetics Inc.
Web site: http://www.kidscanplay.com/
