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.