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Record August Sales Surpass the Quarter Million Dollar Mark
MEDSURGE MEDICAL PRODUCTS announced today that August sales hit a record high for fiscal 2003 at $251,345 surpassing the previous high set in June of $199,373 by 26%
MEDSURGE MEDICAL PRODUCTS CORP.
#210 -- 828 Harbourside Drive
North Vancouver, BC
V7P 3R9
Tel: 604-904-9577; Fax: 604-904-9588
NEWS RELEASE
September 3, 2003 Trading Symbol: MSR:TSX-V
Record August Sales Surpass the Quarter Million Dollar Mark
NORTH VANCOUVER, BC, -- MEDSURGE MEDICAL PRODUCTS CORP. (the Company" or Medsurge") announced today that August sales hit a record high for fiscal 2003 at $251,345 surpassing the previous high set in June of $199,373 by 26% and surpassing prior August 2002 sales of $86,501 by 190%. Record gross profits were recorded as well at $53,712. Management analysis reveals that increases are due primarily from the ORegan Hemorrhoid Banding System and Astratech Lofric Catheter product lines. Fiscal 2002 posted record sales averaging $140,440 per month. August sales represent a significant increase of $110,905 per month or 79%.
About Medsurge: Medsurge is a medical device technology company that has developed and is marketing internationally the first single use, patented, disposable, hemorrhoid banding system. Rubber Band Ligation is one of the most common surgical procedures today with an estimated 50,000,000 procedures annually. Medsurge also imports for sale on an exclusive and non-exclusive basis certain niche, proprietary, medical products for the Canadian Market.
For further information, visit the Companys website at www.medsurgemedical.com or the SEDAR website at www.sedar.com or email us at mmorin@medsurgemedical.com.
BY THE ORDER OF THE BOARD OF DIRECTORS
Marc Morin"
___________________________________
Marc Morin,
President and Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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