Dynatronics Begins Shipping New V-Force Vibration Therapy Units
24 Juni 2009 - 3:05PM
PR Newswire (US)
SALT LAKE CITY, June 24 /PRNewswire-FirstCall/ -- Dynatronics
Corporation (NASDAQ:DYNT) announced it has begun shipping its new
V-Force Vibration Therapy units to customers. These new units
employ powerful, whole-body vibration technology, which provides
neuromuscular training to increase strength, improve balance and
enhance flexibility. Originally developed for the Russian space
program to compensate for bone and muscle loss resulting from
extended periods in space, whole-body vibration therapy has been
the subject of extensive research for many years. Numerous clinical
studies indicate effectiveness in the areas of balance/fall
prevention, circulation, knee rehabilitation, low back pain, range
of motion and a host of other neuromuscular conditions. "The
V-Force technology represents something totally new and unique in
our market," stated Larry K. Beardall, executive vice president of
sales and marketing. "We've spent the last three months providing
demos and training for our distribution channels. They are now
ready to launch this new product to the market." Initial demand for
the new V-Force unit has been strong. "We have a sizable waiting
list for units and expect it will take several months before
production is able to catch up to demand," said Beardall. "In fact,
we expect to sell over $500,000 of this product within the first
two weeks of its introduction as we attempt to fill the pipeline
and satisfy initial demand." "V-Force is not just an upgrade of
existing technology," added Kelvyn H. Cullimore, Jr, Dynatronics'
chairman and president. "It represents a new therapeutic modality.
The last time we introduced a new modality was light therapy
several years ago that resulted in significant improvement in
sales." "Despite challenging general economic conditions,"
continued Cullimore, "there are many factors pointing to improved
performance for Dynatronics including V-force sales, increasing
medical supplies business and greater realization of overall cost
savings generated over the past few months with the help of Vici
Capital. These improvements contribute to very positive momentum
for the Company that we believe will accelerate as the general
economy begins to improve." Dynatronics manufactures, markets and
distributes advanced-technology medical devices, orthopedic soft
goods and supplies, treatment tables and rehabilitation equipment
for the physical therapy, sports medicine, chiropractic, podiatry,
plastic surgery, dermatology and other related medical, cosmetic
and aesthetic markets. More information regarding Dynatronics is
available at http://www.dynatronics.com/. This press release
contains forward-looking statements. Actual results may vary from
the views expressed in the forward-looking statements contained in
this release. Forward-looking statements in this press release
include, among others, the statement that the company expects to
sell $500,000 of the new product in the first two weeks of its
launch and the expectation that the launch of the new product and
changes from the company's project with Vici Capital will lead to
accelerating positive momentum, based on indications of interest
and references to the implementation and expected impact of
cost-saving measures in future periods. The development and sale of
the company's products are subject to a number of risks and
uncertainties, including, but not limited to, changes in the
regulatory environment, competitive factors, inventory risks due to
shifts in market demand, availability of financing at cost
effective rates, and the risk factors listed from time to time in
the company's SEC reports including, but not limited to, its most
recent annual report on Form 10-KSB for the year ended June 30,
2008, and its subsequent quarterly reports on Form 10-Q.
DATASOURCE: Dynatronics Corporation CONTACT: Bob Cardon of
Dynatronics Corporation, 1-800-874-6251 or +1-801-568-7000 Web
Site: http://www.dynatronics.com/
Copyright