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Worldwide Medical Corp

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BUSINESS
May 4, 2001
The Lake Forest marketer of home drug and other screening tests said it earned $206,321 for the first quarter, contrasted with a net loss of $168,607 for the comparable period last year. Revenue climbed to $1.1 million from $318,796.
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BUSINESS
November 12, 1999
The Irvine test kit and medical products company reported net income for the third quarter of $199,791, up from the $12,530 posted a year ago. Sales reached a record $2.2 million.
BUSINESS
February 7, 2001 | Bloomberg News
Worldwide Medical Corp. of Irvine was cited by the Food and Drug Administration for allegedly selling tests that check for drug use without agency approval. The FDA is seeking a total of $3.29 million in fines from Worldwide Medical and its current and former executives, according to an administrative complaint filed by the agency. The tests are sold over the counter for $12.99 to $29.99 and screen urine for marijuana, cocaine and heroin, Worldwide Chief Executive Daniel McGuire said.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
May 17, 2000
Worldwide Medical Corp., an Irvine maker of rapid diagnostic and educational tests, said Monday that its board has appointed Daniel G. McGuire as the company's president and chief executive. McGuire, a graduate of Cal State Long Beach, replaces H. Thad Morris, who recently said he would resign. McGuire formerly was president of Worldwide Sales Management Corp., a Southern California marketing and consulting firm. Previously, he served as vice president and general manager at the Sara Lee Corp.
BUSINESS
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.
BUSINESS
May 17, 2000
Worldwide Medical Corp., an Irvine maker of rapid diagnostic and educational tests, said Monday that its board has appointed Daniel G. McGuire as the company's president and chief executive. McGuire, a graduate of Cal State Long Beach, replaces H. Thad Morris, who recently said he would resign. McGuire formerly was president of Worldwide Sales Management Corp., a Southern California marketing and consulting firm. Previously, he served as vice president and general manager at the Sara Lee Corp.
BUSINESS
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.
BUSINESS
July 21, 1999 | From Bloomberg News
Worldwide Medical Corp. is selling its First Check Home Drug Test without required clearance from the U.S. Food and Drug Administration, the agency said in a warning letter. The product, which screens people for traces of marijuana, cocaine, opiates and methamphetamines, fits the definition of a "medical device" that requires FDA approval, the agency said.
BUSINESS
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.
BUSINESS
January 8, 1999 | BARBARA MARSH, TIMES STAFF WRITER
A small Irvine company announced plans Thursday to begin distributing a do-it-yourself breath test for alcohol through thousands of retail stores. H. Thad Morris, the chief executive of Irvine-based Worldwide Medical Corp., said his own past arrests for drunk driving helped motivate him to add the product to his firm's line of substance-abuse tests.
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