AMS & HIRU – American Shared Hospital Services & Hiro Corporation
Stock-pr Newsletter
__ Stock-PR Reporting ___ American Shared Hospital Services (AMEX:AMS) American Shared Hospital Services, a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, today announced financial results for the third quarter and first nine months of 2010.
Third Quarter Results:
For the three months ended September 30, 2010, revenue increased 9% to $4,280,000 compared to $3,926,000 for the third quarter of 2009, and increased sequentially for the second consecutive quarter. Operating income for this year`s third quarter increased 14% to $196,000 compared to $172,000 for the third quarter of 2009. Pre-tax income increased 30% to $223,000 and net income for the third quarter of 2010 was $6,000, or $0.00 per share. This compares to pre-tax income of $172,000 and net income of $17,000, or $0.00 per share, for the third quarter of 2009.
The total number of Gamma Knife procedures performed during this year`s third quarter increased 15% over same quarter last year, and are now up 5% year-to-date. Gross margin improved to 43% for the third quarter of 2010 compared to 40% for the third quarter of 2009.
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Hiru Corporation (HIRU.PK) Hiru Corporation subsidiary Jiangxi Shaungshi Pharmaceutical Co., Ltd (Shaungshi AHP) launched the Jiangxi Shaungshi Biological Medicines Institute.
Shuangshi AHP is currently researching several new veterinary drugs for development within the next two years. The company launched this new institute to strengthen and speed up the research and development processes. The Institute will allow the company a better focus and concentration of its talent in bio-tech development and research. Shaungshi AHP has elected Li Rui to be director of the institute.
Hiru Corporation intends to continue its work in the development, production and marketing of both well-established and new veterinary drugs, and nutritional additives (amino acids, vitamins, trace elements, etc.) for the Chinese market.
Hiru Corporation is pleased with this development and looks forward to future growth.
Hiru Corporation, through its subsidiary, Jiangxi RongYu Pharmaceutical Group Co., Ltd., produces Chinese herbs for the naturopathic industry in China. HIRU manufactures herbal supplements containing ginseng. HIRU sells and distributes pharmaceuticals, health and beauty products, dietary and herbal supplements, and other healthcare products. HIRU manufactures approximately 120 extracts used in traditional Chinese medicine. HIRU sells its products through regional distributors, as well as directly to the hospitals, clinics, and pharmacies in China. Hiru Corporation is based in Henderson, Nevada.
To learn more about HIRU visit: http://www.hirucorporation.com ___ ********
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