MIAMI, May 22, 2012 (GLOBE NEWSWIRE) -- IFS (OTC:IFIX) announced today the filing with the Securities and Exchange Commission of its Form 10Q for the period ending March 31, 2012.
"This has been an active quarter for IFS," say CEO Stephen Dresnick. "We have initiated a restructuring of the Company to bring internal expenses more in line with our revenue. We added our External Fixator and a large cannulated screw set towards the end of the first quarter.
The financial highlights for the three months ended March 31, 2012 include:
- An increase in revenues of approximately 136% as compared with the three months ended March 31, 2011
- An increase in gross profit of over 146%% as compared with the same period 2011
For more information and to view the complete financial statements, please visit our website at www.ifsusa.net and look for the SEC Filings tab in our Investor Relations section.
If you have questions that you would like to have answered, please email them in advance to Sdresnick@ifsusa.net. Please give your name, organization, whether you are a shareholder or not, and your question. We will attempt to answer as many questions as possible.
About IFS: Internal Fixation Systems, Inc is a manufacturer and marketer of high quality, responsibly priced orthopedic, spinal and podiatric implants. We seek to prove that superior products and lower costs can go hand in hand. IFS focuses on widely used, market proven products used to treat common fractures. Our Advisory Panel, consisting of nationally recognized surgeons, provides input on how to improve our implant designs. The resulting products incorporate doctor requested enhancements and are priced at 40-60% less than the competition. IFS customers include ambulatory surgery centers, hospitals and orthopedic surgeons. Please contact us for more information about our product and business model.
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