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Remedent, Inc.
Symbol:  REMI


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Business Summary: Remedent, Inc., through it subsidiaries, engages in the research, development, manufacture, and distribution of oral care and cosmetic dentistry products in Europe, Asia, and the United States. It offers professional dental and retail over-the-counter tooth whitening products.
 
Address
  Xavier de Cocklaan 42
  Deurle 9831
  Phone: 011-329-321-7080
  Website: http://www.remedent.be
Auditor
  PKF Bedrijfsrevisoren
  Antwerp   Belgium
Transfer Agent
  Interwest Transfer Co. Inc.
Employees:  22
ShareHolders:  196
Founded:  1986
Domicile:  Nevada
 
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Remedent, Inc.
Symbol:  REMI


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Remedent, Inc., through it subsidiaries, engages in the research, development, manufacture, and distribution of oral care and cosmetic dentistry products in Europe, Asia, and the United States. It offers professional dental and retail over-the-counter tooth whitening products. The company's dental product includes GlamSmile, an ultra thin claddings that are attached to the front of the patient's teeth and dentists need not remove healthy tooth structure leaving the patient's healthy tooth structure intact; and FirstFit, a system for the creation and placement of dental bridges and crowns. It also provides RemeWhite in office whitening system; MetaTray, a self-contained whitening system; RemeCure plasma curing light, which is used for curing dental composite materials and in-office whitening; and Remewhite home maintenance kit, a 16 pre-filled trays with whitening agent for home use. The company offers its products through its sales force and third party distributors. Remedent, Inc. was founded in 1986 and is headquartered in Deurle, Belgium.
History:  INCORPORATED in Nevada July 31, 1986, as Jofran Confectioners International, Inc. to merge a Utah company of the same name (incorporated Nov. 9, 1983). Name changed to Cliff Typographers, Inc. July 31, 1986; to Cliff Graphics International, Inc. Jan. 9, 1987; to Global Golf Holdings, Inc. Mar. 8, 1995; to Dino Minichiello Fashions, Inc. Nov. 20, 1997; to Resort World Enterprises, Inc. Aug. 18, 1998; to Remedent USA, Inc. Oct. 5, 1998; and to Remedent, Inc. June 3, 2005. June 3, 2005, issued 7,715,703 post reverse split Common shares in exchange for the 78% of Remedent N.V. not owned by the company. As a result of this acquisition, Remedent N.V. became a wholly owned subsidiary of the company.
 
Subsidiaries:
Glamtech-USA, Inc.
Remedent Asia Pte Ltd
Remedent N.V.
Remedent OTC BV
Remedent Professional Holdings, Inc.
Remedent Professional, Inc.
Sylphar Holding, BV
Sylphar N.V.
Sylphar USA, Inc.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2008  199
  2007  386
  2006  276
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2008  333
  2007  342
  2006  1,154
 
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Remedent, Inc.
Symbol:  REMI


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Management
OfficersPosition
 Guy  De VreeseChairman & Chief Executive Officer
 Stephen F. RossSecretary & Chief Financial Officer
 Philippe  Van AckerChief Accounting Officer & Controller
 Ron  BothInvestor Relations Contact

Directors
 Guy  De Vreese
 Fred  Kolsteeg
 Stephen F. Ross
 Philippe  Van Acker
 
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Remedent, Inc.
Symbol:  REMI


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Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par10,000,000None
Common $0.001 par50,000,00019,272,969so2
 
LONG TERM DEBT: $100,542.
 
Common $0.001 par
 
Stockholders:  06/04/2009, 196.
PRINCIPAL STOCKHOLDERS: June 4, 2009, Austin W. Marxe and David M. Greenhouse owned or controlled 33.5% of the Common, Guy De Vreese 23.8%, Den-Mat Holdings, LLC 14.5% and Jon D. Gruber, J. Patterson McBaine and Eric Swergold 10.7%.
 
Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT
 
OTC Bulletin Board( Primary): REMI
 
ExchangeYearHighLow
OTC Bulletin Board20091.01000.2000
OTC Bulletin Board20081.90000.3000
OTC Bulletin Board20073.15001.3700
OTC Bulletin Board20063.25000.9500
OTC Bulletin Board20054.00000.8000
OTC Bulletin Board20044.00000.6000
OTC Bulletin Board20032.40000.6000
 
RECENT DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-20, June 6, 2005.
 
 
  so2Excl. 723,000 in treas.
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Remedent, Inc.
Symbol:  REMI


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Annual Report
 
Income Statement
  20092008
REVENUES
Net Sales14,639,5417,482,261
EXPENSES
Cost of Sales(6,614,723)(3,975,777)
Sales and Marketing(2,793,970)(1,886,389)
General and Administrative(5,312,192)(4,057,007)
Research and Development(248,652)(332,958)
Depreciation and Amortization(615,674)(301,260)
Gain on Disposition of Otc2,830,953-
Interest Expense and Other Deductions(417,147)(138,168)
Interest Income/Other Income348,997-
Warrants Issued Pursuant to Distribution Agreement(4,323,207)-
Imds Provision(300,000)-
Other Income-121,032
Earnings before Taxes(2,806,074)(3,088,266)
TAXES AND OTHER EXPENSES
Provision for Income Tax(32,633)(27,247)
Minority Interest (After Tax)(114,208)-
Net Income (Loss)(2,952,915)(3,115,513)
SUPPLEMENTARY INFO
Gross Profit/loss8,024,8183,506,484
Operating Income (Loss)(945,670)(3,071,130)
LOSS PER SHARE: Basic and fully diluted (0.15)(0.17)
 
Balance Sheet
  20092008
ASSETS
Cash and Cash Equivalents1,807,2711,728,281
Accounts Receivables3,208,1201,902,920
Inventories (Net)1,937,9461,360,709
Prepaid Expenses1,310,900970,173
Total Current Assets8,264,2375,962,083
NON CURRENT ASSETS
Property and Equipment, net1,024,999692,609
Long-term Investments and Advances750,000675,000
Patents-net163,106115,827
Total Assets10,202,3427,445,519
LIABILITIES
Accounts Payable1,398,4202,002,439
Accrued Liabilities1,590,360781,737
Line-of-credit660,200779,718
Current Portion Long-term-debt78,79858,583
Income Taxes Payable39,33915,121
Total Current Liabilities3,767,1173,637,598
NON CURRENT LIABILITIES
Long-term Debt-less Current Portion100,54294,754
Minority Interest896,705-
SHAREHOLDERS' EQUITY
Common Stock-par Value19,99618,638
Additional Paid in Capital24,106,05617,929,992
Treasury Stock-common(831,450)-
Accumulated Deficit(17,216,028)(14,263,113)
Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment(640,595)27,650
Total Shareholders Equity5,437,9783,713,167
Total Liabilities & Shareholders Equity10,202,3427,445,519
 
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Remedent, Inc.
Symbol:  REMI


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Interim Report   
 
Data Not Available
 
 
 
 
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Remedent, Inc.
Symbol:  REMI


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Remedent, Inc.
Symbol:  REMI


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   12,160,000
  2010   21,780,000
  2009   13,640,000
  2009   22,770,000
  2009   34,840,000
  2009   43,390,000
  2009   Full Year 14,640,000
  2008   11,240,000
  2008   21,080,000
  2008   32,130,000
  2008   43,030,000
  2008   Full Year 7,480,000
  2007   11,300,000
  2007   22,420,000
  2007   31,160,000
  2007   41,810,000
  2007   Full Year 6,680,000
  2006   11,380,000
  2006   21,430,000
  2006   31,870,000
  2006   42,710,000
  2006   Full Year 7,390,000
  2005   11,760,000
  2005   21,340,000
  2005   32,010,000
  2005   41,970,000
  2005   Full Year 7,070,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1(490,000)
  2009   2(840,000)
  2009   Full Year (2,950,000)
  2008   1330,000
  2008   2(4,690,000)
  2008   32,480,000
  2008   Full Year (3,120,000)
  2007   3(1,100,000)
  2007   4(620,000)
  2007   Full Year (1,500,000)
  2006   Full Year (3,887,000)
  2005   Full Year (103,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.02)
  2010   2(.04)
  2009   1.01
  2009   2(.25)
  2009   3.13
  2009   4(.05)
  2009   Full Year (.15)
  2008   1(.03)
  2008   2(.05)
  2008   3(.06)
  2008   4(.03)
  2008   Full Year (.17)
  2007   1(.06)
  2007   2(.01)
  2007   3(.05)
  2007   4.01
  2007   Full Year (.11)
  2006   1(.32)
  2006   2(.02)
  2006   3(.13)
  2006   4(.08)
  2006   Full Year (.35)
  2005   1.03
  2005   2.02
  2005   3(.04)
  2005   4(.05)
  2005   Full Year (.05)
 
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