SOURCE: Healthnostics

March 08, 2011 09:26 ET

Healthnostics Provides 2011 Guidance

NEW YORK, NY--(Marketwire - March 8, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) provided guidance for 2011 sales and earnings based upon (a) prior year's results, (b) acquisitions and joint ventures, and (c) current business activity.

The Company guidance for 2011 indicates revenue of $2,500,000 to $2,900,000. This compares with 2010 revenue of $1,020,391 ($2,334,842 including extraordinary gains). Profit guidance for 2011 indicates $1,100,000 to $1,250,000 compared to $677,255 for 2010, excluding extraordinary gains.

The Company's 2010 sales and profits exceeded earlier guidance. Therefore, the 2011 guidance will be updated throughout the year.

At the end of 2010, the Company's book value (net worth) was $1,888,186 and its current ratio (current assets divided by current liabilities) was 18 to 1.

About Healthnostics

Healthnostics, Inc. is a diversified company comprised of subsidiaries and joint ventures engaging in medical products manufacturing, system manufacturing, product and media distribution, and consulting. For further information please visit Healthnostics www.healthnostics.com, and Worldwide Wipes Co. www.wipesco.com.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

Contact Information

  • Contact:
    Healthnostics, Inc.
    Investor Relations
    P. 301-956-3342
    Email Contact