Ct Healthmarket via BizWire
09-08-2003, 07:20 AM
OAK RIDGE, Tenn.--(BUSINESS WIRE)--Sept. 8, 2003--Diversified
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that monthly product
liability inspections continue strong and indicate that 2003 will out
perform 2002.
Warren Wankelman, Vice President of Marketing said, "The core
business of providing forensic inspections on failed products for the
insurance industry remained very strong through July, August, and into
the first week of September 2003. A total of 1,928 inspections were
received in the aforementioned period for a YTD total of 6,537. I feel
confident that the product inspections will continue at the current
pace and will surpass the record of 7,765 inspections that was set in
2002. This strength in our core business is reflected in the profits
recorded the last three quarters compared to the losses recorded
during the same period in 2002."
Total Yearly Inspections
Year Inspections
---- -----------
2000 3,082
2001 4,673
2002 7,765
2003 6,537 Year to Date (thru first week of September)
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tenn, Diversified
Product Inspections, Inc. provides expertise and unbiased, independent
investigations on product failures, air contamination and fire
investigations of all multi-billion dollar markets which directly
impact three groups - the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation - a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that monthly product
liability inspections continue strong and indicate that 2003 will out
perform 2002.
Warren Wankelman, Vice President of Marketing said, "The core
business of providing forensic inspections on failed products for the
insurance industry remained very strong through July, August, and into
the first week of September 2003. A total of 1,928 inspections were
received in the aforementioned period for a YTD total of 6,537. I feel
confident that the product inspections will continue at the current
pace and will surpass the record of 7,765 inspections that was set in
2002. This strength in our core business is reflected in the profits
recorded the last three quarters compared to the losses recorded
during the same period in 2002."
Total Yearly Inspections
Year Inspections
---- -----------
2000 3,082
2001 4,673
2002 7,765
2003 6,537 Year to Date (thru first week of September)
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tenn, Diversified
Product Inspections, Inc. provides expertise and unbiased, independent
investigations on product failures, air contamination and fire
investigations of all multi-billion dollar markets which directly
impact three groups - the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation - a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
