LONDON, June 2 /PRNewswire-FirstCall/ -- MediQuip Holdings, Inc., (BULLETIN BOARD: MQPHE) a specialist in medical pressure relieving equipment is pleased to announce an increase in equipment revenues of 14.1% for its results for the year ended January 31, 2006.
MediQuip Holdings today announced an increase in its revenues from sales and rentals of medical equipment of 14.1% to $2,254,998 for Fiscal 2006. Total revenues increased by 11.6% to $2,286,355 compared with $2,048,075 in Fiscal 2005.
The net income before share based compensation for the year was significantly improved to a positive $55,211 compared with a net loss in Fiscal 2005 of $630,685.
"I am delighted to announce a turn around in our core results for the last year," the Chief Executive Officer and President of MEDIQUIP HOLDINGS, INC, David Francis, commented. "The results justify our decisions taken during the last twelve months to concentrate on our equipment USPs and focussing on what we do best, our medical equipment business".
About MEDIQUIP HOLDINGS,
MediQuip Holdings, http://www.westmeria.com/ is a full service specialist, medical equipment supplier to the healthcare industry. Its primary clients are Great Britain's National Health Service (NHS), private hospitals and the private Nursing Home Industry. Its core business is supplying proprietary branded specialist pressure relieving equipment for the healthcare sector. The branded products are manufactured and licensed for the company in Germany, Belgium and Taiwan.
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
David Francis
+ (44) 208 658 9575
