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American Company Spotlight

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Revolutions Medical Corp. Website:
Click Here |
Information As Of
September
14,
2009 |
| Exchange:
OTCBB |
Market Cap:
14.9
Million |
| Outstanding Shares:
30.4
Million |
52 Low / High:
$0.14 / $0.71 |
|
Price September
14, 2009:
$0.49 |
RMCP Recent Stock Quote and News:
Click Here |
'The safety needles
and syringes market represents a large and growing segment of
the healthcare industry. In 1999, total sales of needles and
syringes in the U.S. reached $759 million. This figure is
expected to increase to $2 billion by 2010.'
Overview
Revolution Medical's products include the Rev Vac safety syringe (FDA
Approved), safety blood drawing device and safety IV catheter. Revolutions
Medical also provides software solutions and proprietary tools that are
compatible with standard MRIs and standard PACS. Since 2005, South
Carolina-based Revolutions Medical Corporation has been developing and acquiring
new products and tools to make health care safer and less expensive. The
software includes sorting of images, color, 3D and automatic segmentation of
images.
Investment Highlights
- Huge Market Potential. Three
immediately addressable health care markets totaling more
than $14 Billion.
- Urgent Need. With the H1N1
(Swine) Flu of great concern to all people, the need for
safety-engineered medical devices such as the FDA approved,
Rev Vac Safety Syringe made by the Company could be in great
demand in order to inject the H1N1 flu vaccine quickly and
safely.
- Quick & Robust Anticipated
Revenues. Anticipated profitability
is expected in
the first full year of operations, and 320% Compounded
Annual Growth
Rate through 2014
is estimated.
- Competitors With Inferior
Products. Two closest public competitors
have market caps of $50 Million -
$100 Million, with syringe
products that are inferior to Rev
Vac.
- Strong Leadership.
Leadership team has medical,
financial and product commercialization expertise.
Profile
Revolutions Medical Corporation operates
in the safety-engineered medical devices (SEMDs) arena. Its
products include the Rev Vac Safety Syringe (FDA Approved),
safety blood-drawing device and the Rev Vac Safety IV
Catheter. The world market for SEMDs was projected to exceed
$1.6 billion last year and is forecasted to maintain a 20%
annual growth rate in the near term. The Theta Report
estimated the number of needles and syringes sold in the U.S.
and International market combined should exceed 20 billion
units in 2007. Revolutions Medical Corporation also provides
software solutions and tools that are compatible with standard
MRI and standard PACS. Their technology includes sorting of
images; grayscale and color, 3D rendering, and automatic
segmentation of images. The company is continually looking for
new and improved technology through internal product
development and acquisition.
These tools will enhance the physician's
diagnostic confidence in an industry that is growing at 10% -
15% (more than 25 million procedures) per year with a
worldwide market potential for these tools that exceeds $3.5
billion.
Rev Vac Safety Syringe
The combined major benefits of the Rev Vac Safety Syringe are
improved ease of operation and enhanced safety through
simplicity of design and use.
Revolutions Medical owns the patents and will manufacture a
disposable retractable syringe and phlebotomy device. The
products use a proprietary patented technology in which a
vacuum causes the needle to retract into the barrel of the
syringe or device after an injection is administered or blood
is drawn. Prototype units have been produced and tested, but
no units have been manufactured. The products have been
designed to be manufactured at a cost that is approximately
equal to the cost of traditional disposable syringes and
phlebotomy devices and are intended to be a safe replacement
for existing non-safe syringes and phlebotomy devices and even
currently marketed syringes and devices labeled as safety
products.
With traditional syringes and phlebotomy devices, a needle
contaminated with a patient’s blood remains a danger to
healthcare professionals handling the needle until it is
permanently disposed of in a proper biohazard containment
unit. Revolutions Medical’s safety products do not present a
“needlestick” hazard to health professionals after use because
the contaminated needle is retracted into the barrel of the
safety product and locked in place.
The Company recently confirmed that
the opportunities for its Rev Vac safety syringe became even
more significant with the August 31 announcement of close
competitor Retractable Technologies, Inc.. Per the
announcement, Retractable Technologies has been awarded a
contract by the Department of Health and Human Services to
supply a portion of the safety engineered syringes to be used
in the United States' efforts to vaccinate the U.S. population
against the H1N1 virus (swine flu).
"It is not often that a competitor's achievements are cause
for excitement, but this is that rare case," stated
Revolutions Medical CEO Ron Wheet. "Retractable Technologies
has proven that major regulatory bodies are actively seeking
and engaging suppliers of safety syringes, for efforts on a
massive scale. Retractable Technologies' VanishPoint safety
needle is indeed a quality product, but one against which we
believe our Rev Vac safety syringe compares very favorably.
Both have similar features, but the VanishPoint product relies
on an additive metal spring that injects some uncertainty of
performance, while our Rev Vac requires no additional parts
and operates through a consistently reliable vacuum mechanism.
Our vacuum is created by design when the plunger is drawn,
ensuring predictable speed and ease of retraction."
Added Revolutions Medical President Tom O'Brien, "And likely
as important to cost-sensitive agencies and hospitals, we will
bring the Rev Vac to market at less than half the published
cost of the VanishPoint safety needle. Cost is a function of
design, parts count and manufacturing investment; the
financial commitment we have made to engineering a patented
design of such elegant simplicity allows us to outperform
competitive products, while keeping production costs lower
than our peers.
"This announcement confirms the magnitude of the opportunity
before us, and we believe our product's competitive advantages
will well position Revolutions Medical to pursue and win
business of this kind."
The safety needles and syringes market represents a large
and growing segment of the healthcare industry. In 1999, total
sales of needles and syringes in the U.S. reached $759
million. This figure is expected to increase to $2 billion by
2010.
According to the industry participants in Frost & Sullivan’s
study, many believe that safety needles and syringes will
eventually represent a majority of the needles and syringes
market. The market for safety needles and syringes is expected
to grow from 23% in 1999 to a majority of the total needles
and syringes market. The number of safety needles and syringes
shipped is expected to grow from 900 million units in 1999 to
over 10 billion units worldwide by 2010.
Investrend Communications, Inc estimates the number of needles
and syringes sold worldwide to be over 24 billion.
The Cost of Change
- The cost of needlestick injury follow-up in the U.S. per
incident is around $3,000.
- Accident follow ups cost the US medical industry $1.2
billion annually.
- Annual treatment for contracted diseases in the US is
$1.8 billion.
- A total of $3 billion is spent annually in the US on
needlestick injuries.
- This is three times the amount spent on conventional
syringes.
- And almost 3 times the cost of converting to safety
syringes.
The balance of power is in transition, and the stage is set
for the right product to gain more market share than has been
achievable in recent history.
Rev ColorMRI
Since inception, the Company’s principal
business has been to complete the development of and to
commercialize color MRI Technology. The technology consists of
software, which uses various color masks to produce full-color
composite images from gray-scale MRI output. The resulting
color images can be quickly viewed individually or all
together as a “riffle stack”.
A riffle stack consists of the individual MRI images assembled
to create a single composite image that contains the data from
the individual images. The riffle stack allows a radiologist,
using a computer mouse, to page through the images, creating a
3-D appreciation of the colorized MRI output even though the
images themselves are not 3-D.
The software program can also segment the data and create a
true 3-D image of the area to be examined. For instance, bone,
fluid and other tissue displayed in an MRI scan of the head
can be electronically eliminated to allow a 3-D rendering of
just the brain.
The color images can be transferred to a CD-ROM or other
digital storage device, instead of bulky film, for storage or
for a patient to take to their referring physician. Because
the color images are transferred to digital storage in a
standard *.jpeg format, the color images can be viewed on any
PC without the need for special software.
Magnetic Resonance Imaging (MRI) is a
widely used imaging system that safely creates many different
and detailed views of the inside of the body. The images
produced by the MRI scanner are gray-scale images similar to
an X-ray.
These gray-scale images can be difficult and time-consuming to
read. A radiologist “reads” these images on film by comparing
the different scans of each tissue slice, sometimes evaluating
one hundred (100) to three hundred (300) individual gray
images to obtain a diagnosis. The successful diagnosis of a
condition using MRI depends not only on the ability of the
radiologist to detect the subtle differences in shades of
gray, but also the radiologist’s ability to visually compare
the vast number of individual images
Because human vision is keyed to color, the Company believes
that software products provide radiologists, doctors and
patients an opportunity to look at MRI images in a more
intuitive way. The software applications are valuable for
educating patients or a research team, or for showing a
surgeon who may not have experience in interpreting MRI images
how he or she can visualize and understand them better.
Following FDA approval, color MRI also has great potential to
be used for surgical planning and for diagnostic purposes.
Frost & Sullivan 2004 report on the diagnostic imaging market
earned more than $15 billion globally. The report cited the
following trends that will continue to boost the market over
the next decade:
- Increasing shift to film-less or
digital technologies
- Growth in information systems
technologies
- Broadened focus on functional and
fused imaging
- Technology improvements that allow
faster, more patiently friendly, and less expensive
The Revolutions Medical product
offerings fit into each of the these growth trends making the
the world-wide market for the Revolutions Medical products
$1.1 billion and $3.7 billion respectively.
Market
Opportunity
- 1 Million+ U.S. health care
workers stuck with hypodermic needles annually; in some
countries 90% of injections are unsafe;
safety-engineered medical devices now a $3 B
industry, but existing syringes are sub-optimal.
- Global MRI market is $1.8 Billion,
and exploding as the Baby Boomers age; dangerous
information overload as radiologist numbers stay static;
new tools are required to more efficiently/effectively
interpret data.
- 300K annual breast cancer diagnoses in the U.S.;
screening industry now a $9.5 Billion
market; existing non- and minimally-invasive diagnostic
solutions leave much to chance; a more precise tool is
critically needed.
Investment
Paradigm
- Three recurring revenue
business lines with blended gross margins projected to
exceed 50%
- Anticipated profitability in first full year of
operations, and 320% Compounded Annual
Growth Rate
through 2014 estimated.
- Two closest public competitors
have market caps of $50 Million -
$100 Million, with syringe
products inferior to Rev Vac.
Ongoing Product
Introductions Drive
Revenue Growth:
Q4 2009
1) Rev Vac safety syringe mass manufacturing process
2) MRI software suite commercial introduction: RevColor,
RevDisp, Rev3D
2010 (Estimated Revenue:
$14.8 Million)
• MRI software suite commercial launch
• Rev Vac safety syringe commercial launch
• Breast Biopsy System - stereotactic commercial launch
• 4 additional products spanning the 3 lines
2011 (Estimated Revenue:
$40.9 Million)
• 2 products rounding out Breast Biopsy System line
Recent News and Press Releases
Revolutions Medical Engages Cirrus Financial Communications to
Build Visibility, Marketability and Liquidity
Marketwire (Thu, Sep 10)
Revolutions Medical Dramatically Streamlines Flagship Product,
Readies for Mass Production and Commercial Launch
Marketwire (Wed, Sep 9)
Competitor Paves Way for Broad Adoption of Revolutions
Medical's Rev Vac Safety Syringe
Marketwire (Wed, Sep 2)
Revolutions Medical Significantly Bolsters Capital Markets
Team With Appointments of Prominent Transfer Agent and Legal
Counsel
Marketwire (Tue, Sep 1)
REVOLUTIONS MEDICAL CORP Files SEC form 10-Q, Quarterly Report
EDGAR Online (Fri, Aug 14)
Revolutions Medical Intellectual Property Portfolio Expands
Business Wire (Tue, Jul 21)
Revolutions Medical Strengthens Patent Claims
Business Wire (Mon, Jul 13)
Revolutions Medical Corporation Receives Up to 10 Million
Dollars in Financing
Business Wire (Wed, Jun 24)
REVOLUTIONS MEDICAL CORP Files SEC form 10-Q, Quarterly Report
EDGAR Online (Thu, May 14)
Management
Rondald Wheet - CEO, Chairman of the Board
Mr. Wheet has over fifteen (15) years experience in the
investment banking industry and while working for several NASD
registered broker dealers has raised in excess of $100 million
for small cap companies. He held five licenses with the NASD;
series 4, 7, 24, 63, and 65. He operated in a management and
principal capacity for 10 years during that time and was a
compliance officer for 2 years. He worked for investment firms
such as Cohig & Associates, Scott and Stringfellow, Fortress
Financial, and RichMark Capital. He was in charge of opening
up three different brokerage offices from the beginning,
including finding ideal office space, hiring personnel,
becoming NASD compliant and turning them into successful
branch offices. He started his own consulting business in
2002, Mansfield Garrett, Inc., and worked with many start up
and micro cap companies; giving advice on capital raising,
strategic partnerships, stock awareness, hiring top management
and going to the public market. He served on the Board of
Directors for Clear Image, Inc. since 2004. Ron is past
President of the Metropolitan Exchange Club of Charleston, SC.
He received a Bachelor of Science degree from the University
of Towson in both Finance and International Business in 1987.
Thomas O’Brien - President
Mr. O’Brien has more than twenty (20) years of general
management experience in the medical device industry. He has
special expertise in domestic and international sales,
marketing and distribution of high technology medical systems
and services. He has held executive positions with medical
industry leaders such as Pfizer, Toshiba, and Johnson and
Johnson owned Technicare Corporation. In 1995 he joined
Spectrum Technology, a cosmetic laser company, as Vice
President of Sales and Marketing. Spectrum was acquired by
Palomar Corporation in 1996, and Mr. O’Brien went on to become
Executive President for all of the Palomar companies. In
1996/1997 he became the President and CEO of Cosmetic
Technology International, a cosmetic laser center business
operating worldwide. He has most recently been the President
and CEO of BioTrack, Inc. which has developed a device for the
localization of breast cancer. He has also been CEO of Medical
Online, Inc., an online internet medical consulting company.
He has received a B.S. in foreign languages from the
University of Maryland, served in the U.S. Air Force Security
Service and also at the National Security Agency as a Chinese
linguist.
Contact
Company Contact:
Revolutions Medical Corporation
Rondald Wheet
(843) 971-4848
R_Wheet@bellsouth.net
www.revolutionsmedical.com
Investor Relations:
Cirrus Financial Communications, LLC
Justin Davis
(720) 489-4913
Justin.Davis@CirrusFC.com
www.cirrusfc.com
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Revolutions Medical Corp. current
expectations about its future results, performance,
prospects and opportunities.
Revolutions Medical Corp. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Revolutions Medical Corp.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
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contains forward-looking statements, particularly as related
to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
estimates. This is an advertisement for
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