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There is important breaking news coming from Performance Health Technologies, Inc. (OTCBB: PFMH), and investors are urged to monitor the stock closely this morning! Yesterday after the markets closed, the company issued a press release announcing that Robert D. Prunetti, CEO of Performance Health Technologies, joined its sales, marketing and distribution partner, Interactive Metronome (IM) during a two-day sales conference in Fort Lauderdale, Florida to personally demonstrate the company's Core:Tx(R) rehabilitation technology and gather important feedback from the national IM sales force.
Great news for the company, as the conference provided both PHT and IM with critical information which will be used to launch a marketing and sales blitz slated for the fourth quarter of this year! "Movement," the name given to the initiative, will focus on utilizing field information gathered from 'pilot trials' at various rehabilitation centers, in-service training sessions with rehab professionals, combined with sales presentations to sharpen sales techniques. Additionally, "Movement" will provide feedback for the development of certification courses for Core:Tx(R), software enhancement design for easier use, and will identify greater opportunities for sales. "Movement," which includes adding a team of in-house sales professionals, is expected to lay the ground work in Q4 of this year for meeting sales projections beginning January, 2009.
Used under the guidance of a therapist or healthcare professional, Core:Tx(R) turns rehabilitation into a wireless, game-like challenge that is entertaining and works for a variety of patients recovering from neuromuscular conditions as well as joint injuries. The readily adaptable Core:Tx(R) system enhances existing rehabilitation with both preventative and strengthening protocols.
PHT entered into a distribution agreement one year ago with Interactive Metronome (IM), a leader in the interactive therapy market, as previously disclosed in PHT's form 10SB, to sell and distribute Core:Tx(R) to its network of over 30,000 physical therapists and leading healthcare institutions, including LifeCare, The Veteran's Administration, and HealthSouth. Based in Birmingham, Alabama, HealthSouth is the nation's largest provider of inpatient rehabilitation healthcare services.
Investors are urged to continue to monitor the progress of the company!
The stock closed yesterday at Twenty Five cents a share.
For a recent Wall Street News Alert's in-depth profile of Performance Health Technologies, visit http://www.WallStreetNewsAlert.com/HotStocks/PFMH100708/default.aspx.
Pfizer (NYSE: PFE | Quote | Chart | News | PowerRating) down 6.8% on 94.7 million shares traded.
Pfizer is one of the world's largest research-based pharmaceutical company's taking new approaches to better health.
Wyeth (NYSE: WYE | Quote | Chart | News | PowerRating) down 4.3% on 8.7 million shares traded.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery, development, manufacturing and marketing of pharmaceuticals, vaccines, biotechnology products, nutritionals and non-prescription medicines that improve the quality of life for people worldwide.
GlaxoSmithKline (NYSE: GSK | Quote | Chart | News | PowerRating) down 0.6% on 3.7 million shares traded.
GlaxoSmithKline -- one of the world's leading research-based pharmaceutical and healthcare companies -- is committed to improving the quality of human life by enabling people to do more, feel better and live longer.
Market Commentary:
"Oil prices inched higher on Tuesday after plunging Monday to an eight-month low on concerns a global recession will undermine demand for crude. Light, sweet crude rose $1.25 to $89.06 a barrel on the New York Mercantile Exchange," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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