GHENT, BELGIUM--(Marketwired - June 29, 2016) - Remedent, Inc. (OTCBB: REMI), an international company specializing in research, development, and manufacturing of oral care and cosmetic dentistry products, announces the filing of its 10-K report for the fiscal year ending March 31, 2016.
Our 10-K report will be available as of Wednesday June 29, 2016 at 4:05 pm EST. Net sales for the fiscal year ending March 31, 2016 in Euro are EUR2,397,814 as compared to EUR2,450,921 for the fiscal year ending March 31, 2015.
Net income for the fiscal year ended March 31, 2016 increased to $160,802 as compared to $105,159 for the fiscal year ended March 31, 2015. The increase of 53% is due to improved pricing and reduced costs.
We look forward to the introduction of newly developed products in the quarter to come.
We like to mention that an online presentation will be available as of Wednesday June 29th, 2016 at close of business at our Website www.Remedent.com/investors
Remedent Inc. creates state-of-the-art dental technologies and marketing concepts. Famous brands are GlamSmile, Remecure, Smile Me and River 8. Headquartered in Belgium, Remedent Inc. manufactures, markets and distributes its products and concepts to more than 25 countries worldwide. Remedent Inc. is publicly listed and focuses on B2B, delivering products to the dental professional, as well as B2C approaches, helping consumers to obtain their dream smile through its Smile Consultancy Concept.
Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Remedent's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," "projects," "project," to be uncertain and forward-looking. Actual results could differ materially because of factors such as Remedent's ability to achieve the synergies and value creation contemplated by the proposed transaction. For further information regarding risks and uncertainties associated with Remedent's business, please refer to the risk factors described in Remedent's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q.