SGLN News .0004 SurgLine International, Inc. Share

SGLN News .0004 SurgLine International, Inc. Shareholder Update

2012-06-14 09:20 ET - News Release

WEST PALM BEACH, Fla., June 14, 2012 /PRNewswire/ -- Thomas Toland, CEO of SurgLine International, Inc. ("SurgLine") (SGLN.PK) is providing an update regarding the company's revenue pipeline.

SurgLine International, Inc. acquired SurgLine, Inc. as the result of a merger just nine months ago and as a result of that merger, the new company and its management team has invested a substantial  amount of their time and effort in laying the groundwork for the company's unique value proposition to its potential customer base while setting the stage for developing its brand of products to surgery centers and acute care hospitals with its SURG brand and slogan "More Value for your healthcare dollar."

Toland was quoted as saying, "Our management team has focused its efforts on building long term value and revenues for the company and its shareholders.

Let me be very clear on this point, the management team continuously reviews its revenue opportunities and continues to have complete confidence at this time that we expect to materialize as a result from the groundwork that has been invested over our first nine months of operations.

The management team has introduced its products and pricing to the acute care hospitals, hospital systems, the VA hospital system, surgery centers, health plans and others and has without exception been well received. Our typical savings on the aggregate continues to be between 30% and 50% as a general rule, and these savings mean substantial opportunities for the company to capitalize on.It typically takes hospital organizations significant time to make the smallest change to everything they do, and we will patiently wait while they do so, knowing the benefits of such change."

Toland went on to add, "As previously stated in an early press release, the company projected a 10 million dollar revenue run rate by the end of calendar year 2012.We are confident that with our current revenue pipeline of additional programs in process, and previously executed agreements that we will meet the previously stated revenue goal by the end of calendar year 2012.