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Spine Pain Management Q3 net income decreasesNov 30, 2012 (Datamonitor via COMTEX) -- Spine Pain Management, Inc. has reported that net income for the third quarter ended September 30, 2012 was $104,376, or $0.01 per share, compared to $723,115, or $0.04 per share, for the same quarter ended September 30, 2011. Net revenue for the third quarter ended September 30, 2012 was $946,614, compared to $1.77 million for the same quarter ended September 30, 2011. Net income for the nine months ended September 30, 2012 was $199,817, or $0.01 per share, compared to $1.33 million, or $0.08 per share, for the same period ended September 30, 2011. Net revenue for the nine months ended September 30, 2012 was $3.15 million, compared to $3.86 million for the same period ended September 30, 2011. "Over the past quarter we have been able to fine tune our market strategy and expand our business model with the addition of our patented Quad Video Halo Technology. "In addition we have documented increase collections from the maturation of medical procedures we have funded over the past several years. Consequently, we believe we have renewed our path towards profitable growth with greater opportunity than ever before," Commented William Donovan, chairman, president & CEO of Spine Pain Management, Inc. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |