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| American Medical Systems Reports Record Sales Exceeding $100 Million for Year 2000 |
| AMERICAN MEDICAL SYSTEMS LOGO
American Medical Systems, Inc. logo. (PRNewsFoto)[AG] MINNEAPOLIS, MN USA | |||
MINNEAPOLIS, Jan. 8 /PRNewswire/ --
American Medical Systems (Nasdaq: AMMD), the leading independent
manufacturer of surgical devices for urologists and their patients, reported
that it expects sales during the year ended December 31, 2000, to reach
approximately $100.3 million, a 23 percent increase over sales of
$81.4 million in 1999. This revenue level is the highest ever achieved in the
company's 28-year history.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO )
American Medical Systems (AMS) also reported that it expects revenues of
$26.7 million for its fiscal quarter ended December 31, 2000, a 24 percent
increase over sales of $21.6 million in the same quarter last year.
Douglas W. Kohrs, AMS president and CEO, commented: "We are pleased to
have finished both our second quarter as a public company and the year with
strong revenue results. Exceeding $100 million in revenues during 2000 is a
significant milestone for AMS. This accomplishment provides us with
tremendous momentum as we enter 2001. We expect to continue to expand our
technology and product base to better serve the needs of urologists and their
patients."
The company plans to announce its product line sales and complete
financial results on January 30, 2001, at approximately 3:00 p.m. CST and
conduct a conference call to discuss these results at 4:00 p.m. CST on the
same day. The investor relations section of the company's Web site at
http://www.visitAMS.com will provide information on how to hear a live audio
Webcast of this conference call.
Company management will also give a presentation at the Chase H&Q 19th
Annual Healthcare Conference in San Francisco on January 10, 2001, at
10:00 a.m. PST. A Webcast link to hear the presentation live will be
available through the company's Web site at http://www.visitAMS.com
About AMS
American Medical Systems (AMS), headquartered in Minneapolis, is a medical
technology company with 500 employees worldwide. AMS products include a large
portfolio of devices to treat both male and female incontinence, devices for
the diagnosis and treatment of erectile dysfunction; devices for urethral
obstruction caused by benign prostatic hyperplasia (BPH) (enlarged prostate
disease) and advanced surgical products used in transurethral resection of the
prostate. The company markets its products in more than 60 countries
worldwide. For more information about AMS, visit our Web site at
http://www.visitAMS.com
SOURCE American Medical Systems
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Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Greg Melsen, Chief Financial Officer of
American Medical Systems, 952-933-4666, greg.melsen@visitAMS.com
, or Marian Briggs, mbriggs@psbpr.com , or Nancy A. Johnson,
njohnson@psbpr.com , both of Padilla Speer Beardsley Inc.,
612-871-8877, for American Medical Systems
