PYT – TSX Venture Exchange November 6, 2006
Pyng Medical Set Sales Record for October
Pyng Medical is pleased to report that October 2006 sales have exceeded all previous October sales. This has set a new record for a traditionally slow period that were attributed to the US government’s fiscal year budgets not yet in place.
October 2006 sales were $297,836 compared to sales of $82,044 for October 2005, resulting in a 363% increase. Increased sales were seen in all areas; particularly from the new distributors Pyng Medical has appointed in fiscal 2006.
Dr Clinchy, Pyng Medical’s Director of Business Development was quoted “I’m extremely pleased to see these results, particularly as it confirms our strategy to diversify our client base and add to our sales channels to capitalize on the market opportunities created by the ILCOR changes”.
For more information please read our Q1 October 2006 Newsletter on items such as the annual revenue opportunity created by the ILCOR changes and the F.A.S.T.1TM advantages. We encourage everyone to enroll in our newsletter to stay informed on Pyng Medical Corp’s latest developments. To enroll please visit our web page at http://www.pyng.com/newsletters.htm.
For further information please contact Pyng Medical Corp. at 1-604-303-7964 or visit our web site at www.pyng.com.
Safe Harbour Statement; Forward-Looking Statements: This release may contain forward-looking statements based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects", "anticipates", "plans",