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.