Spine Pain Management announces revenue guidance for the fourth-quarter and year ending Dec. 31, 2009

Spine Pain Management, Inc. (OTCBB: SPIN), through its Chairman/CEO Dr. William Donovan, today issued revenue guidance for the fourth quarter and year ending Dec. 31, 2009. Spine Pain Management, Inc. began operations of its first clinic in Houston, TX late September 2009. Revenues for the three months ending Dec. 31, 2009 were approximately $730,000. This, added to the third quarter revenues of $230,000 covering five weeks of operations, will bring total year's revenues to approximately $960,000. After year end adjustments and non-cash charges, it is anticipated that fourth quarter will be profitable; however, full year will still show a loss. SEC form 10K is expected to be filed late February or early March with actual numbers.

Dr. Donovan, CEO, stated, "It has been a very productive first five months for the Company to include this current month, the first of the new year. I fully expect first quarter's numbers in our Houston clinic to exceed fourth quarter. In addition, we expect to begin receiving revenues from our expansion phase into other cities."

SOURCE: Spine Pain Management, Inc.


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