


- Partnership Program Revenues increase 92%
(all figures are in US dollars)
Highlights include:
Product Sales:
- Revenue from product sales increased 75% to $864,611 for the three
months ended June 30, 2010 compared to $492,847 for the same period
in 2009.
- Revenue from product sales increased 92% to $1,580,233 for the six
months ended June 30, 2010 compared to $825,120 for the same period
in 2009.
- Operating income from the sale of products increased 98% and 150%
respectively to $394,979 and $674,928 for the three and six months
ended June 30, 2010 compared to the same periods in 2009.
Center Operations:
- Revenue from Center operations decreased 34% and 23% respectively to
$896,554 and $2,132,522 for the three and six months ended June 30,
2010 compared to the same periods in 2009. The Company had 8 Centers
at June 30, 2010 compared to 10 at June 30, 2009.
- Operating loss from Center operations increased 129% and decreased 6%
respectively to $273,613 and $366,071 for the three and six months
ended June 30, 2010 compared to the same periods in 2009.
- Revenue for Center Operations for the three and six months ending
June 30, 2010 includes a $116,000 negative adjustment resulting from
a correction of a calculation error in our practice management
accounts receivable report provided by a third party. Approximately
$50,000 of the $116,000 adjustment relates to 2009, the remaining
$66,000 relates to the quarter ending March 31, 2010.
As of
The Company's
About CRH Medical Corporation:
CRH Medical Corporation specializes in the treatment of hemorrhoids utilizing its proven treatment protocol and patented proprietary technology. CRH's single use, disposable, hemorrhoid technology is safe and highly effective in treating hemorrhoid grades I - IV. CRH employs two commercialization strategies: first, CRH distributes its hemorrhoid banding technology, treatment protocols, operational and marketing expertise as a complete, turn key package directly to its partner physicians ("Partnership Program"). In addition, CRH operates Centers for Colorectal Health facilities in
The information in this news release contains so-called "forward-looking" statements. These include statements regarding CRH Medical's expectations and plans relating to its business and statements about CRH Medical's expectations, beliefs, intentions or strategies for the future, which may be indicated by words or phrases such as "anticipate", "expect", "intend", "plan", "will", "we believe", "CRH Medical believes", "management believes", and similar language. All forward-looking statements are based on CRH Medical's current expectations and are subject to risks and uncertainties and to assumptions made. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include: (i) we may need to raise additional capital to fund future operations; (ii) the policies of health insurance carriers in
Additional information may also be found by visiting the Company's website at www.crhmedcorp.com or the SEDAR website at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE CRH Medical Corporation




