This 3 semester Class, ending in late 2009, is Somatic Systems' largest revenue stream, generating approximately $10,000 per student over the 3 semesters. Student enrollment is up this year by 23% compared with the class of 2008. This enrollment growth not only provides greater revenue, but also accelerates the presence of Somatics practitioners throughout the Northeast United States. Expansion of Certified Clinical Somatics Practitioners is one of the strongest methods the company has of generating new market share for their products and services, and readying the company for its expansion plans.
"We're excited that the Clinical Somatic Education Professional Training Program continues to draw talented and varied students from the fields Massage Therapy, Physical Therapy, Yoga Instructors, and Personal Training, as well as those involved in Marketing, Finance, and other professions. This diversity of practitioners is helpful in spreading the efficacy of Somatics as a health practice to many segments of the population," stated CEO Steven Aronstein. This class also continues the successful partnership with a multi-clinic Physical Therapy practice in Connecticut by beginning the training of 3 more practitioners from those clinics.
The timing of this class also puts Somatic Systems back on the schedule of running 3 concurrent trainings, as the class of 2010 is scheduled to begin later this year. This will ensure a consistent revenue stream in the company's largest division, while also driving greater market share. The 2008 fiscal year will include revenue from the second semester of class of 2009, the third semester of 2008, and the first semester of 2010. The company expects this sales cycle to provide revenue growth for 2008 that meets or exceeds expectations.
The sales process has already begun for Somatic Systems' next training class and appears to be on schedule for increased enrollment, especially given the success of the company's recent partnership with college recruiting services. The company also expects strong increases in training enrollment from their feature on the "Health Forum" television show, which will begin airing on WE tv, the Travel Channel, and local stations nationwide starting later this quarter.
About Somatic Systems, Inc.
Somatic Systems is the worldwide center for Clinical Somatics™, the ground-breaking drug-free, non-surgical approach to pain relief. This proprietary system uses natural, non-invasive movement techniques -- conducted through one-hour hands-on sessions, therapeutic exercises classes, and home exercises lasting as little as 5 minutes a day -- to relieve pain and limitation resulting from accident, trauma and repetitive stress, including back pain, knee pain, joint problems, carpal tunnel syndrome, TMJ, scoliosis, bursitis, sciatica, headaches, tendonitis and more. Clinical Somatics™ also provides performance gains and injury prevention for casual and professional athletes.
Somatic Systems is pursuing a 3-part growth strategy, consisting of a nationwide rollout of pain management Somatics Clinics; increased production and distribution of therapeutic videos, books, and other retail self-help Somatics Products; and expanded Somatics Training Programs to supply Clinic practitioners serving medical and orthopedic professionals and institutional and corporate programs. The company operates a suite of web sites offering Somatics information, products, resources, and opportunities, at www.somatics.org.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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SOURCE: Somatic Systems, Inc.