SOURCE: XTend Medical Corporation

June 17, 2008 08:00 ET

XTend Medical (XMDC) Updates Shareholders on Company's Progress

Company on Target for 2008 Sales Revenue

SUN VALLEY, CA--(Marketwire - June 17, 2008) - XTend Medical Corporation (PINKSHEETS: XMDC), a company that delivers cutting-edge telemedicine solutions to the healthcare industry, released the following statement:

"As we near the end of the 2nd quarter 2008, the company has positioned itself successfully to become a major force in the lucrative telemedicine sector for the next 5 years. We've had several meetings with major managed care companies, and as we await their implementation decisions, the company is ramping up to deliver products to their patient base throughout the U.S. This process, while time consuming, has given the company clearly defined guidelines when dealing with the corporate needs these companies face from various state and federal agencies; this in order for XTend to deliver our program to their patients and to increase our patient load. We're definitely on target to close several contracts within the next quarter that will give the company the opportunity to reach its target goal in sales for 2008 and set the company up for tremendous growth over the next 3-5 years. Our hard work has given us leads from several other countries looking for Remote Patient Monitoring programs and has increased the company's exposure here in the U.S. We feel confident that XTend is moving forward and know the company will be a force to be reckoned with in the years to come."

For any healthcare agency of physician group that would like to find more about the how XTend can assist in your management of diabetic patients, please visit the company website at www.xtendmedical.com or email us at info@xtendmedical.com.

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. XTend has developed a complete Remote Diabetic Patient Monitoring System that is currently being used by physicians and other healthcare agencies throughout the U.S. 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

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