NORTHVALE, N.J., Oct. 24, 2016 /PRNewswire/ -- Andre' DiMino, CEO of ADM Tronics Unlimited, Inc. (OTCQB: ADMT) issued the following letter to shareholders.
October 24, 2016
Dear ADMT Shareholders:
At this fiscal year midpoint, I am pleased to update you on our progress.
First some background:
As you may know, the Affordable Care Act, commonly referred to as Obamacare, had a significant impact on the Medical Device industry, primarily due to the medical device excise tax and reduction in reimbursements for various medical procedures. In turn, this had a severe impact on our business plans and results in late 2012 and early 2013.
In response to the potentially devastating impact on our business, in early 2013 we reconstructed our business model and instituted a new plan of action.Editor's Details
Last updated on: 26/10/2016
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