ENGLEWOOD, CO -- (Marketwire) -- 05/17/11 -- BioMedical Technology Solutions Holdings, Inc. ('BMTS') (OTCBB: BMTL) is pleased to announce that under the new management of Founder Jon Bricken and President and Chairman Gex 'Jay' F. Richardson, the company's 2011 first quarter net loss has decreased 81% over the same period in 2010. Revenues experienced a 13% increase and cost cutting was responsible for the remainder of the savings.
Company President and Chairman Gex 'Jay' F. Richardson states, 'We are pleased that our efforts have resulted in the company heading toward a profitable second quarter and realizing its full potential in 2011. Our second quarter focus will be on revenue increase through our new and innovative rental program and improved distributor relationships.'
About BioMedical Technology Solutions Holdings, Inc.
BioMedical Technology Solutions Holdings, Inc., located in Englewood, Colorado, sells and rents the Demolizer® II through its wholly owned subsidiary BioMedical Technology Solutions, Inc. BMTS' patented Demolizer® Technology converts infectious biomedical waste into non-infectious material. BMTS' products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US. For more information, visit http://www.bmtscorp.com/ or call 866-525-2687.
About the Demolizer® II
The Demolizer® II is the GREEN alternative to biomedical waste disposal. The device is the only patented, portable, and self-contained system able to process both sharps and typical red bag biomedical waste onsite. The processed waste is rendered sterile and discarded as common trash eliminating up to 100% of the cost associated with its disposal. The Demolizer® II meets or exceeds all EPA and CDC guidelines and is approved or meets treatment requirements in 48 states after review by 80 governmental agencies. The device uses no chemicals or liquids, plugs into a normal outlet through a surge protector, and automatically records and prints state required documentation. The Demolizer® II provides a safer, more environmentally GREEN method for biomedical waste disposal.
Safe Harbor for Forward Looking Statements
The statements contained in this press release may include certain projections and forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements involve a number of risks and uncertainties. Such statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given however, that these events will occur or that such expectations will be achieved and that actual results could differ materially from those described. Actual results of future operations of BioMedical Technology Solutions Holdings, Inc. may differ materially from those indicated by these forward looking statements as a result of various important factors.
Gex 'Jay' F. Richardson
BMTL President and Chairman