Remedent net sales decreases to $1.8 million in fiscal second quarter ended September 30, 2009

Remedent, Inc. (OTCBB: REMI), an international company specializing in the research, development, and manufacturing of oral care and cosmetic dentistry products, reported results for the fiscal second quarter ended September 30, 2009 (in U.S. dollars).

Net sales in the second quarter decreased 36% to $1.8 million from $2.8 million in the same year-ago quarter.

Loss from operations in the second quarter was $994,000, as compared to a loss from operations of $359,000 in the same year-ago quarter, and was primarily attributable to the planned U.S. reorganization.

Net loss for the second quarter totaled $839,000 or $(0.04) per share (after minority interest and based on 20 million weighted average basic shares outstanding), as compared to a net loss of $4.7 million or $(0.25) per share (based on 19 million weighted average basic shares outstanding) in the same year-ago quarter. The net loss in the second fiscal quarter included a charge of $160,000 for warrants issued during the quarter, as compared the year-ago quarterly loss which included a $4.3 million charge for warrants issued.

Cash and cash equivalents totaled $1.7 million at September 30, 2009 as compared to $1.8 million at March 31, 2009.

Management Commentary
"This quarter followed a transitional quarter when we took more control over our future by establishing a new worldwide production facility in China," said Guy De Vreese, CEO of Remedent. "Our goal has been to prepare for increasing demand and improve margins, but still maintain or even improve the quality of our dental veneers. We achieved this in the second quarter and are now able to deliver veneers at exceptional thinness and durability, which are second to none in the industry. We have brought this new facility up to speed and are producing timely shipments with higher capacity.

"As I mentioned last quarter, we are beginning to emerge from a pivotal stage in our development with a new operational structure designed to leverage the proven potential of our unique veneer technology, as well as our revolutionary, patent-pending FirstFit™ system for crowns and bridges."

New Remedent Web Site
On November 19, Remedent will unveil a new corporate website at www.Remedent.com featuring its latest dental technologies. This includes GlamStrip for the single-motion application of dental veneers, and FirstFit, a revolutionary solution for dental bridges and crowns. The highly interactive website will feature new before and after images as well as engaging videos.

The site will also provide coverage of the FirstFit presentation at the Den-Mat Education Destination Seminar in Las Vegas, which was held on November 7. The presentation was conducted by Remedent's CEO, Guy De Vreese, with the Belgian inventor of FirstFit, Dr. Evelyne Jacquemyns, presenting live via webcast from one of Remedent's international GlamSmile locations in Dubai, UAE. The event represented the first official presentation of the new bridge and crown technology to dentists in the United States.

SOURCE: Remedent, Inc.