Pediatric Prosthetics Inc. Announces Development of the First National
Prosthetics Company Dedicated to the Specialized Treatment of the Infant-Pediatric
Market
HOUSTON–(BUSINESS WIRE)–11/07/2003–Pediatric Prosthetics is proud to
announce that it will now be trading under the symbol PDPR.
The $2 billion annual prosthetics business is extremely fragmented. This
fragmentation has created a giant opportunity for specialized prosthetics. By
targeting the infant-pediatric market, Pediatric Prosthetics Inc. will generate
a consistent revenue stream by servicing their clients from childhood to
adulthood. This “annuity effect” should compound earnings year after year and
enable the Company to enjoy stable growth. The economic cost from infancy to
adulthood is anticipated to be over $200,000 for a below-elbow amputee. Adults will
spend an additional $200,000 on their artificial arms. Revenue growth is
directly correlated with the physical growth of the children. Management’s model
for growth combines the strength and expertise of upper and lower extremity
specialists with over 50 years of combined experience.
The prosthetists of Pediatric Prosthetics Inc. have been nationally
recognized as leaders in the infant-pediatric prosthetics field. With thousands of
successful fittings, the prosthetics team for Pediatric Prosthetics Inc. is
poised to give the most cost effective service to their clients emphasizing not
only their attention to the needs of children and their parents but will
explain how the Company is dedicated to utilizing used components free to
disadvantaged children.
Pediatric Prosthetics Inc., based in Houston, Texas, is the primary
provider of prosthetic patient care specializing in capturing the over-looked
infant-pediatric market on a national scale. The Company will focus on both the
physical needs of the children and the emotional needs of their parents.
Matters discussed in this press release are “forward-looking statements.”
Statements describing objectives or goals or the Company’s future plans are
also forward-looking statements and are subject to certain risks and
uncertainties, including the financial performance of the Company and market valuations
of its stock, which could cause actual results to differ materially from those
anticipated.
For additional information, please contact Pat Arnett at 281-999-7721.
CONTACT:Pediatric Prosthetics Inc., Houston Pat Arnett, 281-999-7721
SOURCE: Pediatric Prosthetics Inc.
11/07/2003 16:04 EASTERN
