Symbol: PDPR Market: PK Sector: Infant-Pediatric Prosthetics
BREAKING NEWS: HOUSTON, Nov 7, 2003 (BUSINESS WIRE) -- Pediatric Prosthetics Goes Public Through a Reverse Merger and will be trading under the symbol PDPR. BREAKING NEWS: LAKE HARMONY, PA, Nov. 13, 2003 (MARKET WIRE via COMTEX) -- The OTC Report Starts Pediatric Prosthetics Inc. (OTC: PDPR) with a Buy Rating and announces that the company will now be trading under the symbol PDPR. THE NATIONAL PROSTHETICS INDUSTRY The national prosthetics industry is estimated at nearly $2 billion annually and is extremely fragmented. PDPR is a New Public Company and has already developed a strong hold in the Infant-Pediatric Prosthetics segment. This infant segment, ages 0 to 14 comprise of 5% or $100 million of the total $2 billion national prosthetic market. PDPR developed this strong hold on this segment by focusing on the infant-pediatric prosthetics segment. PDPR was conceived and designed to address this segment, which requires specialized expertise to meet the needs of these babies and their families. PDPR, a New Public Company, hopes to repeat the success of another in the prosthetics industry, Hanger, Inc. Hanger, Inc. is currently trades on the NYSE under "HGR", has a market cap of approx. $340 million and trades at around $16. If a child lost an arm in an accident, the entire national medical community would go into high gear. They do everything to try to replace the loss, and as quickly as possible. PDPR knows that accidents happen before birth too. One tiny fiber, designed to support the fetus in the mother's womb, sometimes breaks, and somehow loops around the baby's tiny little arm or leg, and keeps it from developing. Sometimes an unknowable and unfortunate combination of genes can cause the loss. These losses have created a need in the industry that must be filled to enable these infants the best chance to develop. PDPR is the only infant-pediatric prosthetics company focusing on the unique needs of these babies born with a limb loss. INFANT-PEDIATRIC PROSTHETICS MARKET Children ages 0 to 14 comprise 5% of the total $2 billion prosthetic market, $100 million. The vast majority of this 5% pediatric prosthetic market derives from babies born with a limb loss. There are approximately 145,000 first time amputations each year, meaning first time fittings. Of these 145,000 first time amputations, less than 1% or approximately 1,000 babies born with a limb loss. PDPR is the only infant-pediatric prosthetics company focusing on these unique needs. The vast majority of the Prosthetists are overworked, fragmented and work out of a single clinic with an intensely local focus. PDPR believes that to address this dispersed market, it must be done on a national scale creating a national presence in order to serve the geographically dispersed demand. PDPR is the vehicle conceived and designed to fill that role. MARKET POTENTIAL By focusing on the infant-pediatric need, PDPR will generate a consistent revenue stream by servicing their clients from childhood to adulthood. This "annuity effect" should compound earnings year after year and enable PDPR to enjoy stable growth. After the initial "first infant fitting", each child will need a "re-socket" of the prosthesis each of the next two years due to simple fact of growth. Every third year a child will need a complete "new myoelectric system" with new larger components. This cycle will continue into the child's early adolescence, 13 to 14 years of age, after which growth slows requiring only a "re-socket" every two years and a "new system" perhaps every 4 years. The economic cost from infancy to adulthood is anticipated to be over $200,000 for a below elbow amputee. Adults will spend an additional $200,000 on their artificial arms. Revenue growth is directly correlated with the physical growth of the children. PDPR's management model for growth combines the strength and expertise of upper and lower extremity specialists with over 50 years of combined experience. PDPR MANAGEMENT TEAM Eighteen years ago, Linda Putback-Bean, President of PDPR, was involved with fitting the very first baby with a new small myoelectric hand. Shortly after this fitting, Linda with Mr. Haslam, designed a new system for the small prosthesis, and trained the child and parents how to operate and maintain it. That child has since grown to young manhood and is now a star player on his high school varsity football team. The management team of PDPR is nationally recognized as the leading prosthetists in the infant-pediatric prosthetics field. PDPR's management has recently been featured in, "Orthotics & Prosthetics Business News", written up in "Life Magazine", and some of the fitted children have appeared on national TV shows, including "Good Morning America", "Maury Povich", "Phil Donahue", and "20-20". With thousands of successful fittings, the prosthetics team for PDPR is poised to give the most cost effective service to their clients, emphasizing not only their attention to the needs of children and their parents, but also explain how PDPR is dedicated to utilizing used components to serve disadvantaged children. FINAL CONSIDERATIONS The PDPR management team is nationally recognized and without question the leading prosthetists in infant-pediatric prosthetics. PDPR has developed a strong niche in the nearly $2 billion a year industry by focusing on specialized infant-pediatric prosthetics. PDPR is the only company focusing solely in the National needs of the Infant-Pediatric Prosthetics By targeting the infant-pediatric need, PDPR will generate a consistent revenue stream by servicing their clients from childhood to adulthood. This "annuity effect" should compound earnings year after year and enable PDPR to enjoy stable growth. 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