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Posted On: 05/14/2013 12:37:20 PM
Post# of 6705
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Posted By: Roger Wilco
Re: acc724 #61

GRST .28 Quarterly due out anytime.

http://www.greenestoneclinic.com/

During the year ended December 31, 2012, revenues increased to $ 5,540,909 from $ 1,678,804 during the year ended December 31, 2011, an increase of $3,862,105. This increase is mainly attributable to a steady increase in business volume since the Company began operations. Further, the Company began its current operations in June 2011 and therefore the revenues earned during the year ended December 31, 2011, do not reflect a full year of operation. A large portion of revenue earned was through endoscopy procedures paid for by the Ontario Health Insurance Plan (“OHIP”), a provincially funded health plan backed by the Ontario government. The Company believes that revenue will continue to grow steadily and the Company will become more profitable as most of its costs, such as rent and salaries and wages are relatively fixed, and therefore will reduce as a percentage as business volume grows.


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