GHENT, BELGIUM--(Marketwired - Aug 14, 2015) - Remedent, Inc. (
Total Net sales generated in Euro for the quarter ended June 30, 2015 were up by 4% compared to Net sales in Euro for the quarter ended June 30, 2014. Net sales in Euros increased by 4% but, as a result of foreign currency differences translated to a decrease in net sales in US$. Our net sales increased as a result of the well-received launch and market acceptance of our product software the "SmileMe Mirror" and increasing sales in the veneer market.
Our net income for the quarter ended June 30, 2015 is up by 17,55 % to $196,609 compared to $57,640 for the quarter ended June 30, 2014. The increase is due to improved production processes, improved pricing, full integration of our implant business and ongoing internal reorganization.
These ongoing efforts will allow us to increase or sustain both revenues and earnings and further improve our balance sheet.
Remedent Inc. creates state-of-the-art dental technologies and marketing concepts. Famous brands are GlamSmile, Remecure, Smile Me and River 8. Headquartered in Belgium, Remedent Inc. manufactures, markets and distributes its products and concepts to more than 25 countries worldwide. Remedent Inc. is publicly listed and focuses on B2B, delivering products to the dental professional, as well as B2C approaches, helping consumers to obtain their dream smile through its Smile Consultancy Concept.
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Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Remedent's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," "projects," "project," to be uncertain and forward-looking. Actual results could differ materially because of factors such as Remedent's ability to achieve the synergies and value creation contemplated by the proposed transaction. For further information regarding risks and uncertainties associated with Remedent's business, please refer to the risk factors described in Remedent's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q.