US Spine SpineWire - Highlights |
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Year in SummaryDuring the last fiscal year, US Spine made substantial progress toward achieving our 5 year objectives. Sales exceeded the previous year by 218% with a robust increase in sales from HCA facilities, primarily due to the signing of an agreement between HCA and US Spine that became effective July 1, 2006. Over the course of the year, the Company has increased its domestic and international sales organizations, having received the CE Mark in January 2007. We also signed an agreement to supply a private label pedicle screw system to one of the mid-sized spine companies with both a domestic and international focus. Mr. Joseph Mussey, past President and CEO of Interpore Cross joined the Company as Chairman of the Board and CEO, Mr. John Hunt joined the Company last June as Controller and additional personnel were hired during the course of the year filling key positions in the Sales, Marketing and Engineering departments. The Company launched several new products including Preference 2 Spine System. The Preference 2 system incorporates the Helical Flange™ technology into the screws, precluding tulip-splay and cross threading. The Outlook™ anterior cervical plating system was added to the product offering while the Company also expanded the Phantom™ PEEK VBR family of products. In addition, the Facet Gun entered the Alpha stage of release, the first step toward a national release planned for late 2007. The Company anticipates substantial growth in 2007/08 as we enjoy the first full year of the additions and enhancements incorporated in the product line in the previous year, as well as, the continued growth of the infrastructure, sales organization and the launch of the Facet Gun. |
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