ADDISON, TX -- (Marketwire) -- 02/13/13 -- HASCO Medical, Inc. (OTCQB: HASC), www.HascoMed.com, a Company that conducts sales of handicap accessible vans, parts, service and rental operations in sixteen locations from Maine to Florida and sales of medical equipment and supplies in Alabama, Florida and Mississippi, announced today their fourth quarter and 2012 sales results.
HASCO Medical, Inc.'s net revenues increased to approximately $17.2 million for the quarter ending December 31, 2012 compared to $4,054,527 for the same period in 2011 representing an approximate increase of $13 million.
HASCO Medical, Inc. had equally outstanding results on its net revenues for the entire year of 2012. Net revenues for the full year ended December 31, 2012 increased to $63,852,766 from $9,514,475 for the prior year, representing an increase of $54,338,291. These numbers are unaudited by our Audit firm at this time and do not include the first two months of sales from our Ride-Away acquisition since they were purchased on March 1, 2012.
"It was a stellar growth year for HASCO Medical," states Hal Compton, CEO of HASCO Medical. "I could not be happier with our top line sales and how hard all the team members worked to help us achieve this record year. As HASCO continues to grow we will strive to educate more and more people about all of the innovative products we sell that improve people's lives and mobility."
About HASCO Medical, Inc.
HASCO Medical (www.HascoMed.com) provides products and services that dramatically improve the quality of living for its customers. The Company consists of Ride-Away, Mobility Freedom and Wheelchair Vans of America on the Van Conversion/Rental side of the company and Southern Medical and Mobility, Inc. and Certified Medical on the durable medical equipment side.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Investor Relations for HASCO Medical, Inc.
Most Popular Stories
- PBS Series Examines America's Demographic Shift
- Americans Bet Big on Gambling Industry
- Petri Likely Broke House Ethics Rules
- California's Ban on Plastic Bags: What Now?
- Texas Sees Gains in Hispanic College Enrollment
- Exxon Gives Nod to Fracking Risks
- Morgan: 'Can't Believe' Wal-Mart Blaming Him
- Can You Be Fired for Using Medical Marijuana?
- Wealth Gap Widens as Rich Spend More on Kids' Education
- Lack of Sea Ice Brings 35,000 Walruses Ashore