Last checked at 3 Jun 2009 07:00
| For immediate release | 3 June 2009 |
Advanced Medical Solutions Group plc
("AMS" or "the Company")
Annual General Meeting
Winsford, UK: Advanced Medical Solutions Group plc (AIM: AMS), the global medical technology company, will hold its Annual General Meeting in Tarporley, Cheshire at 11.00am this morning. Dr Geoffrey Vernon, the Company's Chairman, will make the following comments on current trading:
"I am pleased to advise that AMS remains well positioned to exploit significant growth opportunities in its core markets.
"Organic growth is set to continue this year:
LiquiBand™ approvals and multi-partner US market entry expected during H2
Silver dressings market continues to expand
ActivHeal® value proposition remains attractive to NHS Trusts
Publication of positive multi-centre clinical data, expected during H2, should boost demand for InteguSeal* in 2010
"The difficult global economic conditions are affecting our partners and we expect to see a significant effect on half-year phasing with a higher than normal second half loading this year.
"However, given the exciting, imminent product launches and market entry opportunities, the Board remains confident in the outlook for the 2009 full year."
For further information, please contact:
| Advanced Medical Solutions Group plc | |
| Don Evans, Chief Executive Officer Mary Tavener, Finance Director www.admedsol.com | Tel: +44 (0) 1606 545508 |
| Buchanan Communications | |
| Mark Court / Stasa Filiplic | Tel: +44 (0) 20 7466 5000 |
| Investec Bank plc | Tel: +44 (0) 20 7597 5970 |
| Richard Jones/Tim Pratelli |
Notes to Editors:
Advanced Medical Solutions is a leading company in the development and manufacture of products for the $15 billion global woundcare market.
Founded in 1991 and quoted on AIM, Advanced Medical Solutions is focused on the design, development and manufacture of innovative products for advanced woundcare and wound closure.
The advanced woundcare products are based on the moist wound healing principle. AMS uses its inhouse technology to provide a vertically integrated 'one stop shop' for all categories of moist wound healing products. The Company has the capability to move a product from design and development through to production and delivery for distribution and sale into customer markets.
The acquisition of a 49.4% stake in Corpura BV in May 2008 strengthened AMS's position in hydrophilic polyurethane foam - the largest and fastest growing segment of the advanced woundcare market.
AMS' technology in cyanoacrylate based tissue adhesives is used for the closure of small cuts and trauma wounds through to large surgical incisions, and also for protecting or sealing skin to prevent breakdown or infection.
AMS' products which currently serve the majority of the key global markets are sold either direct or through strategic partners and distributors.