IFIX News out Internal Fixation Systems Files Seco

IFIX News out Internal Fixation Systems Files Second Quarter 2012 Report on Form 10-Q


Revenues More Than Double Year-Over-Year While Cost-Cutting Efforts Reduce Expenses
MIAMI, Aug 21, 2012 (GlobeNewswire via COMTEX) -- Internal Fixation Systems (OTCQB:IFIX) today announces the filing of its quarterly report on Form 10-Q for the period ended June 30, 2012, with the U.S. Securities and Exchange Commission.
"This has been an active quarter for IFS," stated Stephen Dresnick, MD, President and CEO. "Our previously announced restructuring is now almost complete. The management team is very focused on further advancing our aggressive business plan for continued growth."

Financial highlights of the quarter include:



--  An increase in revenues of approximately 130% when compared with the
three months ended June 30, 2011

--  An increase in gross profit of over 90% when compared with the same
period in 2011

--  Expenses decreased 15% which is reflective of restructuring and
cost-cutting efforts

--  Cash provided by operations was $185,266 compared to ($579,343) reported
for the same period a year earlier


For additional information and to view the complete financial statements, please visit our website at www.ifsusa.net and look for the SEC Filings tab in the Investor Relations section.