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Biomerica Incorporated


 

Biomerica Announces Plans for New Headquarters in Irvine, California - Zibb.com

Biomerica, Inc. (OTCBB: BMRA), a global provider of advanced diagnostic products for the early detection of medical conditions, today announced their move to a new Corporate, R&D and Manufacturing facility in Irvine, California.

Biomerica's new state of the art facility is the result of a two-year search of possible buildings in the Orange County area. This new facility will afford efficiency, production, and quality assurance improvements. The manufacturing layouts have taken job and process flow into account. The warehouse and refrigeration areas have been appropriately located for optimal work flow. In this new facility, Biomerica will now have the opportunity to continue its growth as a global provider of diagnostic products. The Company expects to complete its move by mid-November 2009.

Irvine is one of the nation's largest planned urban communities and encompasses more than 65 square miles. The new Biomerica building is less than 2 miles from John Wayne Orange County Airport and within 4 miles of the University of California Irvine, a leading medical school.

The company's new address is: Biomerica, Inc., 17571 Von Karman Ave, Irvine CA 92614. The Company's phone number remains the same (949-645-2111).

About Biomerica (OTCBB: BMRA)

Biomerica, Inc. (www.biomerica.com) is a global medical technology company, based in Irvine, CA. The Company manufactures and markets advanced diagnostic products used at home, in hospitals, and in physicians' offices for the early detection of medical conditions and diseases.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking; such as statements relating to intended launch dates, expected improvements in performance, expected product introductions, sales potential, market size, growth of business, favorable positions, efficiencies, work flow, leading market positions, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. The potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.

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Contact:
Zackary Irani
949-645-2111


SOURCE: Biomerica

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Companies: Biomerica, Inc. (BMRA)

 

Biomerica Announces First Quarter Financial Results - Zibb.com

Biomerica, Inc. (OTCBB: BMRA), a global provider of advanced diagnostic products for the early detection of medical conditions, today reported diagnostic net sales of $1,148,521 for the first quarter of fiscal 2010 ended August 31, 2009, compared to diagnostic net sales of $1,194,345 for the first quarter of fiscal 2009. Consolidated net income for the first quarter fiscal 2010 was $7,934, versus consolidated net income of $140,812 in fiscal 2009.

"Based on our fiscal year plan, we expected relatively flat revenues and lower income for this quarter. The lower net income for quarter fiscal 2010 as compared to fiscal 2009 was due to higher capitalization of labor and overhead in fiscal 2009 and higher CE Mark expenses, outside services and repairs/maintenance in fiscal 2010," stated Zackary Irani, Biomerica CEO. "We are working diligently to achieve milestones in expected new product introductions which we believe will favorably impact our financial performance in fiscal 2010. In addition, we are moving our company to new state-of-the-art office and lab facilities."

About Biomerica (OTCBB: BMRA)

Biomerica, Inc. (www.biomerica.com) is a global medical technology company, based in Irvine, CA. The Company manufactures and markets advanced diagnostic products used at home, in hospitals, and in physicians' offices for the early detection of medical conditions and diseases.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking; such as statements relating to intended launch dates, expected improvements in performance, expected product introductions, sales potential, market size, growth of business, favorable positions, expansion, expected orders, leading market positions, anticipated future revenues or production volume of the Company, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. The potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.

Contact:
Zackary Irani
949-645-2111


SOURCE: Biomerica

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Tags: business   california   capitalization   ceo   environment   expansion   financial results   labor   manufacturer   market   medical   new product   physicians   products   sales   securities   technology  

Companies: Biomerica, Inc. (BMRA)

 

Biomerica Announces Year End Results - Zibb.com

Biomerica, Inc. (OTCBB: BMRA), a global provider of advanced diagnostic products for the early detection of medical conditions, today reported net sales for the fiscal year 2009 were $4,934,771 versus net sales of $4,926,505 in fiscal 2008.

Biomerica announced net income (including stock options expenses) of $354,180, or $0.05 per share, for the fiscal year ended May 31, 2009, compared to net income of $1,710,044, or $0.28 per share, in fiscal 2008. The decrease in net income is primarily due to one time gain of $1,149,545 in fiscal 2008 predominantly from the sale of Hollister-Stier warrants and an interest in Lancer Orthodontics.

"While our revenues and income have not reflected it, we have made strides in increasing our distribution and achieved milestones in new product development," stated Zackary Irani, Biomerica CEO. "The U.S. economy has affected the financial performance of many companies. Our sales in the U.S. were 24.3% of fiscal 2009 revenues vs. 27.5% of revenues in fiscal 2008. We have new products in various stages of development and regulatory approval that we believe could positively impact our U.S. sales. In addition, we purchased the assets, technology and rights for three new Celiac disease tests which are expected to launch this fiscal year. The purchase of products/technology will augment our new product pipeline and we will seek such transactions in fiscal 2010. On the expense side, the establishment of a new German subsidiary and initial preparation for Sarbanes-Oxley requirements impacted our bottom line. We are looking forward to this fiscal year as we work to increase sales and expand our product line and distribution."

About Biomerica (OTCBB: BMRA)

Biomerica, Inc. (www.biomerica.com) is a global medical technology company, based in Newport Beach, CA. The Company manufactures and markets advanced diagnostic products used at home, in hospitals/clinical labs, and in physicians' offices for the early detection of medical conditions and diseases.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking; such as statements relating to expected launch dates, expected improvements in performance, new product introductions, sales potential, market size, growth of business, favorable positions, expansion, regulatory approval, expected orders, positive impact on sales, expanded distribution, anticipated future revenues or production volume of the Company, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. The potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.

Contact:
Zackary Irani
949-645-2111


SOURCE: Biomerica

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Tags: business   ceo   disease   economy   environment   expansion   manufacturer   market   medical   new product   physicians   pipeline   products   sales   securities   stock option   technology  

Companies: Biomerica, Inc. (BMRA)

 

Web Sites

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EZDetect.com - Order EZ Detect

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Company Information

Since 1971, Biomerica has developed, manufactured, and distributed medical diagnostic products for the early detection and monitoring of chronic diseases and certain medical conditions.

http://www.biomerica.com/company/index.asp

UniMed, Inc.-Medical Products;Cholestech,Zoll,Tanita,Quidel,Bayer,Roche,ITC,Imex

The EZ DETECT Stool Blood Test, manufactured by Biomerica, is the most advanced home test available to detect hidden blood in the stool, one of the primary early warning signals of many health problems.

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Biomerica (BMRA) News - Company News and Press Releases

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http://www.investorguide.com/stock-news.cgi?ticker=BMRA

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BioPortfolio - Biomerica Incorporated

www.bioportfolio.com

Biomerica Incorporated - Entry on Bioportfolio's Biocorporate Database ... Biomerica is a global medical company founded in 1971 with a mission to significantly improve the lives ...

http://www.bioportfolio.com/biocorporate/1675-Biomerica_Incorporated.html

BioPortfolio - Biocorporate Search

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Biomerica Incorporated Biomerica is a global medical company founded in 1971 with a mission to significantly improve the lives of individuals with chronic illness while lowering the ...

http://www.bioportfolio.com/biocorporate/BioCorporate_Directory_BIOH_BIOP.htm

Biomerica Inc (BMRA.OB) Company Profile | Stocks | Reuters.com

www.reuters.com

Biomerica, Inc. (Biomerica), incorporated in September 1971, is engaged in developing, manufacturing and marketing medical diagnostic products designed for the early detection and ...

http://www.reuters.com/finance/stocks/companyProfile?symbol=BMRA.OB

Biomerica, Inc. | Business.com

www.business.com

Biomerica, Inc. (Biomerica), incorporated in September 1971, is engaged in developing, manufacturing and marketing medical diagnostic products designed for the early detection and ...

http://www.business.com/directory/pharmaceuticals_and_biotechnology/biotechnology/equipment_and_supplies/reagents_and_kits/biomerica,_inc/news/