RA Medical Systems News

 

2007 Profitable Year for Ra Medical Systems, Inc.

Carlsbad, CA - January 16, 2008 – For Immediate Release

Ra Medical Systems, Inc. announced today that it had record sales and was profitable in 2007. Revenues increased by over 50% from 2006. The announcement was not accompanied by details and was based on un-audited financial data.

Melissa Burstein, Vice President for Ra Medical, commented, "Our customer satisfaction is driving demand for our laser systems. Patient satisfaction with results is high and practices are pleased with consistent high-dollar reimbursement for the procedures.”

Ra Medical, now in its sixth year, has lasers in more than half of US states and in more than a dozen countries.

Stephan Beal, Vice President of Sales, added, “2007 provides a solid foundation to accelerate our planned growth strategy. Significant sales are anticipated in this fiscal year from practices committed to the PHAROS EX-308 who recognize the clinical and financial advantages offered by Ra Medical Systems.”

Ra Medical Systems will be exhibiting at the upcoming annual meeting of the American Academy of Dermatology in San Antonio Texas, February 2nd – 4th at Booth #2243. This year will be Ra Medical Systems’ sixth consecutive year exhibiting at the AAD.

Ra Medical Systems, Inc. Contact: Melissa Burstein, (760-804-1648) ramed.com

Ra Medical Systems, Inc., a privately held emerging medical device company was founded in 2002 to commercialize medical excimer lasers . Based in Carlsbad, CA, the company manufactures and markets excimer laser systems including the PHAROS EX-308 for the treatment of skin diseases including psoriasis, vitiligo, atopic dermatitis, and leukoderma.

This media release may contain forward-looking statements that constitute Ra Medical Systems' current intentions, hopes, beliefs, expectations or predictions of the future, which are therefore inherently subject to risks and uncertainties. For additional information on factors that could affect Ra Medical’s performance, please call the company directly. Ra Medical Systems expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Ra Medical Systems' expectations or any change in events, conditions, or circumstances on which any such statement is based.


 

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