Conmed Healthcare Management, Inc. (OTCBB:CMHM), a leading full service provider of correctional facility healthcare services, today announced that it has accepted an invitation to present at the Roth Capital Partners 2007 New York Conference a the Westin Hotel, New York, on 43rd Street in Manhattan. Dr. Larry Doll, Vice President, Business Development, Tom Fry, Chief Financial Officer, and John Pappajohn, Director, will provide investors with an overview of Conmed’s business proposition and strategy for growth.
Conmed’s group presentation will begin at 4:30 p.m. ET on September 5 in the Broadway III (Track 5) Room and will be webcast live via the Conference website at http://www.wsw.com/webcast/roth13/cmhm/. The webcast will be available for approximately 30 days following the conclusion of the presentation. Following the formal presentation, the Company will have a breakout session. Management will be available to meet with investors throughout the entire day, and investors may arrange one-on-one meetings through their account representative at Roth Capital Partners by calling (800) 678-9147.
As of June 30, the Company had agreements totaling $119 million in signed contracts with 20 county governments carrying a weighted average term of 5.6 years. Included in the total are renewal extension periods which are at the counties’ options amounting to $88 million. During 2007, the Company signed a long-term agreement potentially generating $46 million in revenue over the next eight years with the Baltimore County detention center, representing the largest contract in Conmed's history, and two new service contracts with the county of Henrico, Virginia and the county of Jackson, Oregon, potentially generating approximately $18.8 million in total revenue over the next five years.
About Roth Capital Partners and the 2007 New York Conference:
Roth is one of the last remaining independent full-service investment banks dedicated to the small and micro-cap market. The firm is privately owned with current principals being majority owners. The core management team has been consistent for many years. Since the inception of the firm in 1984, Roth has been a leader and innovator in the small and micro cap markets. Roth's exclusive focus has been, is, and will continue to offer a full spectrum of investment banking services, including raising capital, research coverage, trading and market making, merger and acquisition advisory services, and investor conferences. Roth's award-winning research is the foundation of its firm and key to its understanding of the micro- and small-cap sector. This research, when combined with a seasoned institutional sales team and its highly visible investor conferences, creates an unparalleled institutional sponsorship platform for growth companies. Roth has raised more than $10 billion for small and micro cap public companies and completed over 135 merger, acquisition and advisory assignments. Since year 2000, Roth has been a leading placement agent for the number of PIPE transactions, raising over $2 billion for its clients. Roth received top 20 IPO aftermarket performance rankings for six consecutive years from 1994 to 1999. The 5th Annual New York Conference is a two-day event with more than 230 presenting companies and is attended by over 1,200 buy side investors. The 2006 conference had more than 2,000 one-on-one meetings.
About Conmed
Conmed has provided correctional healthcare services since 1984, beginning in the state of Maryland, and currently services 20 detention centers and facilities at the county level in Oregon, Washington, Kansas, Virginia, and Maryland. Conmed's services have expanded to include mental health, pharmacy and out-of-facility healthcare services.
Forward Looking Statements
This press release may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to the company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties including those contained in its public filings. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company's control including, without limitation, the Company's ability to increase revenue and to continue to obtain contract renewals and extensions.)