Business Services Industry
Pediatric Prosthetics Inc. Could Experience Overwhelming Success Based Upon One Penny per Month
Business Wire, April 14, 2008
HOUSTON -- Vice President of Operations of Pediatric Prosthetics Inc. (OTCBB:PDPR), Kenneth Bean, stated, "According to a recent article in the Wall Street Journal (Insurers Pressed To Pay More For Prostheses / The Wall Street Journal / Vanessa Fuhrmans / page D1, Tuesday, March 11, 2008 (http://www.amputee-coalition.org/) the necessary premium increase to cover first rate prosthetics for all 2.5 million Americans is only about 25 cents per month per insured family.
Children and teens with a prosthetic need make up only about 3.5 percent of that 2.5 million Americans. When one does the math, it is pretty obvious that the monthly premium increase needed to take care of the children with a prosthetic need and give them a chance at a future on parity with their peers...is about ONE PENNY PER MONTH, PER INSURED AMERICAN FAMILY.
We here at Pediatric Prosthetics Inc. believe that not one single insured family in The United States would hesitate for one minute to have their premium increased one penny per month....if they were only asked.
We are asking the insurance companies to get out their actuarial charts and get their pencils sharp. We are asking every State Legislature to mandate that penny and require full first rate coverage for the kids. We are asking the U.S. Congress to pass a national mandate...that one penny per month be added to premiums and set aside for American children with a limb loss.
In conclusion, we believe that these unfortunate 'allowables' reductions recently imposed by the health insurance companies may be a very short-term problem and will be corrected. We also plan to fit an ever increasing number of children with our enhanced national family outreach initiatives now in place. We will press on."
About Pediatric Prosthetics Inc.
Pediatric Prosthetics Inc. is the national provider of specialized pediatric prosthetics for both upper and lower limbs. 713-569-3896
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words "believes", "expects", "intends", "will", "anticipated" or "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and the risk factors set forth from time to time in the Company's SEC reports, included but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB, and any reports on Form 8-K. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. Pediatric Prosthetics Inc. (PDPR.) takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. The forward-looking statements contained herein reflect the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on these statements.
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