PD-Rx Pharmaceuticals, Inc. Reports Earnings for 2009
13 November 2009 - 4:57AM
PR Newswire (US)
OKLAHOMA CITY, Nov. 12 /PRNewswire-FirstCall/ -- For the fiscal
year ending June 30th, 2009, PD-Rx (Pink Sheets: PDRX) set record
sales of $26.9 million over last year's sales figures of $26.4
million, reporting a net increase in sales of $493,230. Net profits
increased by 22.6% in 2009 to $912,952 up from $706,434 in 2008.
Total assets in 2009 increased by 11.7% to $6,379,890 up from
$5,628,778 in 2008. While total liabilities in 2009 decreased to
$1,349,647 from $1,511,487 in 2008. Stockholders equity increased
to $5,030,243 in 2009 up from $4,117,291 in 2008. Earnings per
share for fiscal year 2009 was $0.53 per common share (basic) and
$0.52 per common share fully diluted compared to $0.42 and $.40 per
share respectively in 2008. ABOUT THE COMPANY: PD-Rx offers
pharmaceutical and management strategies to the healthcare
industry. Our management strategies focus on new products, solid
business partners, and the specialized segment of the
pharmaceutical industry. As a licensed FDA manufacturer and
packager, PD-Rx offers a full spectrum of medications and
specialized services. Our goal is to develop a matrix of cost
containment tools and products that we can merge into any
healthcare network to enhance patient care and improve managed care
organizations bottom line. We provide proprietary products and
prepackaged medications that are viewed by patient, insurance
payers and healthcare providers as a progressive and responsive
practice. This press release contains "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks and uncertainties or other factors, which may cause actual
results, performance or achievements expressed or implied by such
forward-looking statements to vary from those forecast or implied
in this release. Factors that might cause such a difference
include, without limitation, decline in demand for the company's
products or services, and the effect of general economic conditions
and factors affecting the industry. For Further Information,
Contact: Jack L. McCall, EVP & COO Ph. 405-942-3040 /
DATASOURCE: PD-Rx Pharmaceuticals, Inc. CONTACT: Jack L. McCall,
EVP & COO of PD-Rx Pharmaceuticals, Inc., +1-405-942-3040, Web
Site: http://www.pdrx.com/
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