Pyng Medical Corp.

Pyng Medical Corp.

November 22, 2010 13:18 ET

Pyng Medical Achieves Record Sales for October

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2010) - Pyng Medical Corp. (TSX VENTURE:PYT) today announced record sales in the month of October, 2010 for its FAST1® Sternal Intraosseous Device. Nadine Gaston, Pyng Vice President of Global Sales and Marketing, noted that "Almost 8,000 FAST1® devices were sold in October, far surpassing results in that month from previous fiscal years. The positive momentum we had developed in our record setting 4th Quarter of Fiscal Year 2010 (July, August, September) has continued into the new Fiscal Year." Ms. Gaston also remarked, "I believe Pyng's education efforts regarding the unique clinical benefits of sternal IO are beginning to have an impact, particularly in the worldwide military market."

Mark Hodge, Pyng President and Chief Executive Officer, commented, "It's extremely gratifying to see our customers respond to Pyng's recent efforts in the creation of mutually beneficial partnerships that enhance patient care. I believe that Pyng Medical is well positioned for future growth if we continue to keep our priorities focused on patients, distributors, and business plan execution."

About Pyng Medical Corp.

Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for front-line critical care personnel. Pyng's expanded product portfolio includes a variety of innovative, lifesaving tools. With growing markets in North America, Europe and Asia, Pyng offers user-preferred medical devices for use by hospital staff, emergency medical services and military forces worldwide. 

Safe Harbour Statement; Forward-Looking Statements: This release may contain forward-looking statements based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "projects", "indicates", and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents which may be filed with the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission, the TSX Venture Exchange, as well as other USA Commissions, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw material, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales in some products.

Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pyng Medical Corp.
    Mark F. Hodge
    Chief Executive Officer
    1-800-349-7964 (x208)