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MEMPHIS, TN, January 20, 2021 /24-7PressRelease/ -- OrthoMatrix Corp, Inc.™ (OMCI), a holding company for the Facial Beauty Institute™, OrthoLogic™ Diagnostic Services and the ControlledArch™ System announced today 2020 revenue results.
"We are pleased to announce that our 2020 revenues remained steady with a decrease of 1.01 percent compared to 2019 in spite of the COVID-19 impact to our customer bases. The doctors and clinics that utilize our OrthoLogic Diagnostic Service and the users of the ControlledArch System were restricted because of the COVID-19 global pandemic for the months of April, May and June. The Facial Beauty Institute in-person courses and seminars were also impacted. However, the good news is that all aspects of our business rebounded in the third quarter and the trend is steady with reasonable increases. We anticipate a strong 2021 as we continue to focus on our core businesses, our existing and on-going R&D programs and our clinical publications," stated Ben R. Shappley, Chairman and CEO.
ABOUT ORTHOMATRIX CORP, INC.
The concern OrthoMatrix Corp, Inc.™ (OMCI) is a holding company for the Facial Beauty Institute™, OrthoLogic™ and the ControlledArch™ System. The Company is a market leader for advanced orthodontic reconstruction, bone growth and bone remodeling platforms. The Facial Beauty Institute™ is an Internationally-recognized, certified practitioner training and certification concern for complex case treatment plans based on individual patient needs. All courses and seminars are accredited by the Academy of General Dentistry (PACE) Program Approved Continuing Education. The OrthoLogic™ program is a provider service that offers individualized complex patient diagnostic treatment plans that focuses on a highly technical process of unique radiographic and anatomy tracing process that is studied and reviewed at every step of patient treatment by a staff of highly-qualified known orthodontic specialists, maxillofacial radiologists and biomedical engineers. This individualized case-by-case process is intense and is designed to offer the provider a highly desirable cost-effective treatment option for the patient. ControlledArch™ is a patented system that incorporates the latest scientific and clinical techniques to remodel the bone structure by controlling torque and tooth movement resulting in a very predictable desired outcome. OrthoMatrix Corp, Inc. is headquartered just outside of Memphis in Germantown, Tennessee.
Any forward-looking statements are based on information available to OrthoMatrix Corporation as of the date of the statement. All written or oral forward-looking statements attributable to OrthoMatrix Corporation are qualified by this caution. OrthoMatrix Corporation does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in OrthoMatrix Corporation's expectations.
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