PLANTATION, Fla., Oct. 12, 2005 (PRIMEZONE) -- 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 an investor conference call to be held on Tuesday October 18th, 2005 at 4:15 PM Eastern Daylight Time. MEDirect Latino's management team will host the call from the Med-Trade Conference and Exposition being held from October 18-20th, where the Company will be negotiating supplier agreements for 2006, and sourcing additional products for its Hispanic Medicare eligible clients. Co-Chairman and CEO, Mr. Raymond Talarico, President, Ms. Debra L. Towsley and COO, Mr. Charles W. Hansen, will be making presentations on various aspects of the Company's latest results. "We are very excited about recent operating results as evidenced from the record corporate achievement that we announced last Monday. We are currently experiencing an average 80% increase per month in new client starts, product shipped and gross billings achieved. Our early results for October, which we will be discussing on the conference call, clearly indicate that this trend is continuing, if not accelerating as our national media campaign gains traction," stated Mr. Talarico. Adding, "MEDirect continues to fulfill the critical link between the Hispanic Medicare community and their healthcare benefits." Company President, Ms. Debra L. Towsley, noted, "We have a commitment to our shareholders as well as the investment community for maximum disclosure and communication, and for that reason we are looking forward to discussing these developments with our Shareholders and the investment community."
Interested parties may hear the conference call by telephone.
Instructions for hearing the conference call:
To hear the conference call as it takes place:
Call 1-800-374-1207 in the United States or Canada or;
Call 1-706-634-5011 in the Atlanta Area or Internationally
To hear a recording of the call (available immediately following the call by telephone for 30 days after the call takes place):
Call 1-800-642-1687 in the United States or Canada or;
Call 1-706-645-9291 in the Atlanta Area or Internationally
Pin Code: 1436343 followed by the number key
ANALYTICAL REPORTS
Additional Company information may be obtained by reviewing a detailed research report published by noted micro-cap analyst, Mr. William Ritger, President of The Research Works, Inc. covering MEDirect Latino. The report is now available for review at: http://www.stocksontheweb.com/mlto.pdf
Additional Company information may be obtained by reviewing a comprehensive analytical profile generated by small cap analyst, Mr. Gerald Kieft, President of Wall Street Resources, Inc. The 27-page report includes detailed information on the Company's business model, products, industry, valuation, management, and risks. The free report is available at: http://www.wallstreetresources.net/pdf/fc/MLTO2.pdf
ABOUT MEDIRECT LATINO:
MEDirect Latino (Pink Sheets:MLTO) (www.medirectlatino.org) is a rapidly growing, uniquely positioned provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community in the United States and Puerto Rico. MEDirect is the only company positioned to serve the U.S. Hispanic healthcare market as a direct-to-consumer Medicare provider on an authentically national level. The Company's current focus is the distribution of products for the treatment of Type II diabetes specifically because of its disproportionate impact and increasing diagnosis rate within the U.S. Hispanic population, noting an incidence of 120% higher than among non-Hispanic whites. Type II diabetes was also targeted because of its unique status within the Medicare reimbursement regime and because of its high degree of correlation to other chronic conditions such as high blood pressure and heart disease. These other conditions represent considerable future market potential that will allow MEDirect to efficiently scale its model by leveraging its existing client base and infrastructure.
The current Hispanic market for MEDirect's products is conservatively estimated at approximately $748M in the continental United States. The size of the opportunity is understated by such figures as an estimated 1.2 million of the over 4.1 million Hispanics in the United States over 65 eligible to receive Medicare benefits are currently collecting these benefits with an estimate that over 1.4 million of those Medicare-eligible Hispanics have diabetes (implying a potential continental U.S. market for MEDirect products of approximately $1 billion).
ABOUT MEDTRADE CONFERENCE & EXPOSITION:
Medtrade Conference & Exposition: October 18-20, 2005
Atlanta, Georgia
Medtrade is established as the premier event for thousands of providers, manufacturers and industry leaders in home health care. The Medtrade home care community is made up of providers big and small, to plot strategies, find solutions, and explore new techniques and technologies to help businesses succeed. Medtrade offers a marketplace of over 900 exhibiting companies showcasing 297,000 net square feet of products and services. This industry leading event draws over 20,000 industry professionals from across the United States and around the world.
FORWARD LOOKING STATEMENTS:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.
The MEDirect Latino Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1873