STUART, FL--(MARKET WIRE)--Jan 16, 2009 -- Liberator Medical Holdings, Inc. (Other OTC:LBMH.PK - News) announces today net revenues of $5.45 million for the first fiscal quarter ended December 31, 2008. This represents an annual run rate of $21.8 million.
Mark Libratore, the Company's President and CEO, commented, "Quarter-over-quarter net revenue growth was up 281% for the quarter ended December 31, 2008 compared to net revenues of $1.43 million for the quarter ended December 31, 2007. Equally important, sequential quarterly net revenue growth was up 28% or $1.20 million for the quarter ended December 31, 2008 above the net revenues of $4.25 million for the quarter ended September 30, 2008. This growth is attributed to the success of our national advertising campaign, which continues to increase our recurring revenue stream by attracting customers with long-term chronic disease related medical supply needs."
Mr. Libratore added, "We have experienced growth in all mail order divisions despite the difficulties of successfully advertising during the election period and the holidays."
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About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.'s subsidiary, Liberator Medical Supply, Inc., established the Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors. An Exemplary Provider(TM) accredited by The Compliance Team, its unique combination of marketing, industry expertise and customer service has demonstrated success over a broad spectrum of chronic conditions. Liberator is recognized for offering a simple, reliable way to purchase medical supplies needed on a regular, ongoing, repeat-order basis, with the convenience of direct billing to Medicare and private insurance. Approximately 85% of its revenue comes from supplying products to meet the rapidly growing requirements of general medical supplies, personal mobility aids, diabetes, urological, ostomy and mastectomy patients. Liberator communicates with patients and their doctors on a regular basis regarding prescriptions and supplies. Customers may purchase by phone, mail or internet, with repeat orders confirmed with the customer and shipped when needed.
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