MIAMI, Feb. 3, 2015 (GLOBE NEWSWIRE) -- Sanomedics International Holdings, Inc. (OTCBB:SIMH) ("Sanomedics" or the "Company"), a medical technology holding company that focuses on providing game changing products, services and ideas, today provided an update on the business activities of the Company's Thermomedics, Inc. division, producer of the industry leading TouchFree™ Clinical Thermometer, the Caregiver®.
2014 Business Update
Thermomedics internal revenue projections were greatly exceeded in 2014 as sales to leading medical supplies and pharmaceutical distributors such as Kentec Medical, Inc. and McKesson Medical Surgical Inc. and Moore Medical (division of McKesson) for the full year of 2014 increased by 141%, 248% and 179%, respectively, over full year sales in 2013. The Company anticipates 2015 sales numbers to continue in this upward trajectory as management is in high-level sales negotiations with several healthcare systems and government agencies and its proprietary Caregiver device continues to gain traction in the marketplace.
Keith Houlihan, Chief Executive Officer of Sanomedics, commented, "We have made significant progress in expanding the footprint of the Caregiver thermometer by partnering with leading healthcare distributors such as Kentec and McKesson. The increased usage of non-contact thermometers in the medical community is crucial to minimizing contact between medical professionals and patients with highly infectious diseases such as Measles, Ebola and various flu strains, both here in North America and abroad."
Ron Benincasa, Vice President of Sales and Marketing for Thermomedics, commented, "We continue to develop new relationships, partnerships and sales agreements and are making progress on many opportunities with corporations, medical supplies distributors and government agencies which should come to fruition in 2015. In addition, we believe that the distribution partnerships we signed at the end of last year will produce significant sales in the upcoming year and beyond."
Upcoming Trade Shows
Thermomedics is also ramping up its sales and marketing efforts by aiming to increase its participation at industry leading tradeshows in 2015. As such, Thermomedics Caregiver device will be on display at the following trade shows in the first half of 2015:
| NAPNAP 2015 Conference on Pediatric Health Care |
| Date: March 11-13 |
| Location: Las Vegas, NV |
| 2015 Spring IDN Summit & Reverse Expo |
| Date: April 20-22 |
| Location: Orlando, FL |
| NTI 2015 Critical Care Exposition |
| Date: May 18-21 |
| Location: San Diego, CA |
If you are interested in speaking with management about Thermomedics Caregiver device, please contact Ron Benincasa at rbenincasa@thermomedics.com.
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About Sanomedics International Holdings, Inc.
Sanomedics International Holdings, Inc. (SIMH) is a medical technology holding company that focuses on game changing products, services and ideas -- a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. Sanomedics plans to grow existing business organically and through strategic acquisitions specifically relating to healthcare technology and services.
Forward Looking Statements
Statements in this press release regarding Sanomedics that are not historical facts are forward- looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "estimates," "projects," "forecasts," "predicts," "potential," or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements.
These forward-looking statements represent our estimates and assumptions only as of the date of this release and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this release. Given these uncertainties, you should not place undue reliance on these forward-looking statements and should consider various factors, including the risks described, among other places, in our most recent Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q, as well as any amendments thereto, filed with the SEC.