SOURCE: XTend Medical Corporation

December 28, 2007 06:31 ET

XTend Medical (XMDC) Updates Shareholders on Company Progress

New Products to Be Introduced in 2008

SUN VALLEY, CA--(Marketwire - December 28, 2007) - XTend Medical Corporation (PINKSHEETS: XMDC) released the following statement today regarding the progress the company has made to date and plans for 2008:

"XTend Medical continues to work diligently to close several contracts with major managed care companies. As with most multi-billion dollar corporations, the difficulty in gathering the decision makers together has been hard to achieve during the holiday periods. We've solidified scheduling for these follow-up appointments for the first 3 weeks in January and feel quite confident the company will close two major contracts with an additional three to four smaller contracts that will insure the company hits their target revenue previously stated. The programs we have proposed to these companies have many variables that must be addressed before the implementation process takes place. Achieving this is our number one priority. Specific processes must be completed with the various managed care company's different departments that handle patient data, office visits, education, and delivery of product. XTend has worked hard to insure our solutions are the best possible for the patient yet achieve an incredible savings for the managed care companies implementing and managing them. In addition, the management recently attended the Medica conference in Germany and came away with several opportunities to develop proprietary programs XTend will have exclusivity for sales in the U.S. We've scheduled appointments and developmental meetings and will announce the progress of these programs and products as we finalize the details. The management at XTend wants our dedicated shareholder base to know that it is working diligently to bring the company to the forefront of medical solutions utilizing the latest in technology to deliver results for the companies working with us and 2008 will be a banner year for the company."

About XTend Medical: XTend Medical Corporation markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients. Through their alliances, XTend offers pharmacy services, diabetic supplies, and telemedicine products that increase patient care yet reduce costs associated with servicing those patients. For more information, please visit their website at www.xtendmedical.com

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information

  • Contact:
    Company Contact:
    FutureTechIR for XTend Medical Corporation
    Investor Relations
    (817) 812-2105