U.S. MedSys Corp. Continues Growth

U.S. MedSys Corp., Hasbrouck Heights, New Jersey, reported earnings for the second quarter of fiscal 2006 showing continued revenue growth for the fifth straight quarter. In the quarter, the company recognized net revenue of $953,074 compared with net revenue of $20,671 for the second quarter of fiscal

2005. Gross profit from operations was $244,240 and $20,671 for the respective periods.

Net revenue for the first six months of fiscal 2006 was $1,679,201 versus $127,556 for the comparative 2005 fiscal period. The Company's gross margin increased to $455,074 versus $127,556. The Company's results quarter over quarter, showed an increase of 31.25 percent in net revenue.

The company said the increased revenue is directly related to its diabetic supply business and its efforts of expanding of existing contracts and programs.

Anthony R. Rubino, chief financial officer said, "The organization is continuing to position itself to advance to the next level of our business plan execution. We have strived to provide quality customer service and address the needs of our customers and will continue to build on that. We also have now participated in three trade shows that have provided us the opportunity to market our products and services. It is truly an exhilarating time for this young organization."

U.S. MedSys Corp. is a medical network developer, marketing and distribution organization which provides support services and medical technology to the healthcare industry. The UMSY business network consists of Global Medical Direct, a provider of sales, marketing and distribution of self-management products and services to patients with diabetes, PMC/Footcare, LLC, PMC Occular, LLC and New England Orthotic and Diabetic Shoe Company (NEODS), which has been established to manufacture and market semi-custom orthotics, diabetic shoes and insoles.

U.S. MedSys Corp. Continues Growth

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