Futuremed Healthcare Products Corporation Announces Result of Tendering Process

TORONTO, Nov. 11, 2011 /CNW/ - Futuremed Healthcare Products Corporation (the "Company") (TSX: FMD) announced today that it had participated in a tendering process initiated by an important customer and has been informed that distribution to this customer will be moved to a competitor during the first quarter of 2012. The sales to the customer in question during the most recent financial year represented approximately 5% of revenues. The precise impact on the Company's earnings in the future is difficult to assess as the Company is still evaluating potential mitigation actions, but is likely to have a larger impact on earnings than revenues.

Futuremed is Canada's leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector.


* * * * * * * * *

Forward-Looking Statements
This news releases contains forward-looking statements relating to sales to a customer and the impact of such customer's business on revenues and earnings. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond the Company's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in other public filings. In addition, these forward-looking statements relate to the date on which they are made. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these risks and uncertainties can be found in regulatory filings available at www.sedar.com.



 

SOURCE Futuremed Healthcare Products Corporation

For further information:

Daniel Sacks
Chief Financial Officer
(905) 761-0068, ext. 2222
Toll-free investor relations:  1-800-387-7025

Profil de l'entreprise

Futuremed Healthcare Products Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.