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PolyMedica Corporation (NNM: PLMD) today announced that its Liberty facilities in Port St. Lucie, Florida suffered only minor damage from Hurricane Frances over the Labor Day weekend. As of Tuesday morning, all of the Company's facilities in Florida have power and are operating. However, the surrounding community sustained significant damage, and many of the Company's employees are still dealing with the aftermath of the storm and have not yet been able to return to work. The Company expects to be at full operating capacity by the end of the week.
Samuel L. Shanaman, Chairman and Chief Executive Officer, said, "This has been a difficult period for much of Florida, and our thoughts go out to those who have been affected by the storm. I am proud that our employees are working hard through this period to provide the medical supplies our customers need."
About PolyMedica (www.polymedica.com)
PolyMedica is a rapidly growing national medical products company. The Company is best known through its Liberty brand name and innovative direct-to-consumer television advertising to seniors with diabetes. Building on its technology-based operating platform and compliance management focus, PolyMedica continues to expand its product offerings in chronic disease and other categories.
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, rules and regulations promulgated under the Act, unanticipated changes in Medicare reimbursement, outcomes of government reviews, inquiries and investigations and related litigation, continued compliance with government regulations, fluctuations in customer demand, management of rapid growth, competition from other healthcare product vendors, timing and acceptance of new product introductions, general economic conditions, geopolitical events and regulatory changes, as well as other especially relevant risks detailed in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the period ended March 31, 2004 and its Quarterly Report on Form 10-Q for the period ended June 30, 2004. The information set forth herein should be read in light of such risks. The Company assumes no obligation to update the information contained in this press release.