September 14, 1999
Worldwide Medical Corp., an Irvine provider of medical tests, reported profit of $79,429, contrasted with a loss of $82,587 for the comparable period last year. Revenue rose 340% to $855,367.
October 30, 1998
Worldwide Medical Corp.: The Irvine maker of medical tests and test kits reported net income of $12,530 for the third quarter, contrasted with a net loss of $387,400, or 6 cents a share, for the 1997 third quarter. Sales rose to $378,853 from $138,100.
September 2, 1998
Worldwide Medical Corp., an Irvine-based provider of medical diagnostic kits, reported a second quarter net loss of $76,900, or 1 cent a share, compared with a net loss of $180,639, or 3 cents a share, a year ago. Sales more than doubled to a record $250,121 from $109,600. For the first half, the company lost $193,519, or 3 cents a share, compared with a net loss of $349,793, or 6 cents a share, a year ago. Sales increased 84% to $457,341 from $248,700.
February 24, 1999
Irvine-based Worldwide Medical Corp. said it expects to report that its losses narrowed in the fourth quarter while revenue increased about 21%. The company, which provides a variety of diagnostic and educational tests, said losses for the three months ended Dec. 31 will total about $33,000, compared with $55,000 in the same period a year ago. Revenue increased to nearly $260,000 from $214,032.
May 31, 1996
Worldwide Medical Corp. has agreed to a reverse merger with Calabasas-based Newco-One Inc., under which Newco-One will issue 6.4 million shares for all Worldwide medical shares. Worldwide Medical said its shareholders will hold 80% of Newco-One shares after the merger. Worldwide Medical, which provides diagnostic tests, will maintain its headquarters in Irvine after the merger. Newco-One was formed after a reorganization of Weaver Arms, Worldwide said.
August 17, 1998 |
What goes around comes around. In 1987, H. Thad Morris was hired as president of Disease Detection International to take the Irvine company public. Seven years later, he sold the company, which made diagnostic tests for disease, to an Ireland-based business. Morris then started up his own Irvine firm--Worldwide Medical Corp.--to make diagnostic tests.