O'FALLON, Mo., April 11 /PRNewswire-FirstCall/ -- Synergetics USA, Inc. announced that it has successfully completed all product labeling and regulatory requirements necessary to ship its Omni(TM) product into most international markets. Since the completion of this process, Synergetics has received orders for, shipped and billed its first seven international Omni(TM) units, representing the first steps into an ever expanding international dealer network that now includes 32 dealers covering 41 countries.
"Since the September 2005 merger with Valley Forge, we have placed a great deal of emphasis on constructing our international neurosurgical sales network. Over the past six months, our international neurosurgical sales team has been traveling constantly, establishing relationships with some of the top international neurosurgical distributors available," said Gregg D. Scheller, President and Chief Executive Officer of Synergetics. "We had essentially no international distribution for neurosurgery when we merged. The strength of the Malis(R) and the Omni(TM) product brands allowed us to attract the attention of many first-rate distributors that we don't feel we would have been able to attract with either product alone. I am excited as we watch this new opportunity emerge."
The Company believes that the worldwide market for international Omni(TM) products exceeds $50 million annually. Prior to this, Synergetics has not participated in this market place.
About Synergetics USA, Inc.
Synergetics USA, Inc. resulted from the September 2005 combination of Valley Forge Scientific Corp. and Synergetics, Inc., bringing together their respective unique capabilities in bipolar electrosurgical generators and design, and the manufacture of microsurgical hand instruments. Synergetics USA, Inc. designs, manufactures and markets medical devices for use primarily in ophthalmic surgery and neurosurgery and for other healthcare applications. Its products are designed and manufactured to support micro or minimally invasive surgical procedures. In addition to its surgical devices and equipment, it designs and manufactures disposable and non-disposable supplies and accessories for use with such devices and equipment. It also manufactures and sells bipolar electrosurgical generators and other generators, based on its DualWave(TM) technology, and complementary instrumentation and disposable products for use in neurosurgery, spine surgery, pain control and in dental applications. Synergetics sells its products primarily to hospitals, clinics and surgeons in approximately 70 countries.
Forward-Looking Statements
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements, including but not limited to: the effects of local and national economic, credit and capital market conditions on the economy in general, and on the medical device industry in particular, and the effects of foreign exchange rates and interest rates; the ability to timely and cost-effectively integrate the operations and management of Valley Forge and Synergetics following their merger transaction; the ability to realize the synergies and other perceived advantages resulting from the merger; the ability to retain and attract key personnel; the ability of Synergetics to successfully execute its business strategy; the extent and timing of market acceptance of new products or product indications; the ability of Synergetics to procure, maintain, enforce and defend its patents and proprietary know how; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; the ability of Synergetics to continue to increase customer loyalty; the ability to recoup costs of capital investments through higher revenues; environmental restrictions, soil and water conditions, weather and other hazards, site access matters and building permit issues; the effects of environmental and structural building conditions relating to Synergetics' properties; acts of war or terrorism incidents; the effects of operating and market competition; and other important factors disclosed previously and from time to time in Synergetics' filings with the SEC. Synergetics undertakes no obligation to update these forward-looking statements.
SYNERGETICS USA, INC.
3845 Corporate Centre Drive
O'Fallon, Missouri 63368
(636) 939-5100
http://www.synergeticsusa.com/
Attn: Pamela G. Boone, Chief Financial Officer
