Filed Under: [ Business ] [ Press Releases ]
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“MEDirect Latino Inc. (Pink Sheets:MLTO) (www.medirectlatino.org), the first national provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community, today announced record results for November, 2005 in gross billings, new patient shipments and call volume. MEDirect Latino reports gross billings of $540,114 during the month, a 29% increase over October billings of $418,406. The Company maintained gross product profit margins of 77% during the period. Total new patient shipments for November numbered 2,030, an increase of 30% over October new shipments of 1561, and ended the month with an additional 1,908 patients approved and pending shipment for regulatory processing. MEDirect Latino expects to monetize its approved and pending patient orders in December, which is typical to the industry model. The Company’s closing ratio during November remained unchanged at 82% of the total qualified response rate from its national and regional media campaigns….”
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