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Heritage
Worldwide & Its PIP Subsidiary Receive Upgraded Price
Target of $12.00 to $15.00 Per Share From The Research Works Inc.
NEW
YORK, Jan. 26 /PRNewswire-FirstCall/ -- Heritage Worldwide, Inc. (the "Company")
(OTC Bulltin Board: HWWI), a worldwide leader of breast implants through
its French subsidiary PIP, today announced that The Research Works Inc.,
has upgraded its price target on the Company's stock to $12.00 to $15.00
per share. The Research Works Inc. had commenced coverage of the Company
in September 2003 with a price target of $4.75 per share.
The
report can be read in its entirety at
http://www.stocksontheweb.com/hwwi.htm .
The
Research Works Inc. is an equity research boutique founded in 1992. The
company specializes in research coverage for under-followed and
undervalued small cap stocks.
SOURCE Heritage Worldwide, Inc.
-0- 01/26/2004
Last
Updated: January 26, 2004 13:13 EST
Heritage Worldwide's
PIP Subsidiary Obtains European Common
Market Approval Of New Manufacturing Process For Implants
New process improves the strength and softness of implants,promoting easier implantation by plastic surgeons
NEW
YORK, Jan. 22 /PRNewswire-FirstCall/ -- Heritage Worldwide, Inc. (the "Company")
(OTC Bulletin Board: HWWI), a worldwide leader of breast implants
through its French subsidiary Poly Implants Protheses, S.A. ("PIP"),
today announced that it has received authorization from the Common
Market to manufacture and market its brand new micro-texturized "Velvet"
implants.
Velvet implants are made with a process developed by PIP that creates
more than 1500 pores per square centimeter of surface area of an implant.
Prior processes generally created approximately 400 pores per square
centimeter of surface area.
The
newly developed process enhances the strength resistance to tears of
implants by approximately 20% over existing processes. Elongation is
also improved by approximately 15% over existing processes. As a result
of the increased number of pores, wrinkles and creases on implants are
decreased, and the shell of the implant is softer.
The
overall result is a product that is easier for a plastic surgeon to
implant in patients.
Jean
Claude Mas, President and CEO of the Company, stated that "We are
excited about the opportunities opened to us by our new process. Velvet
texture will be available for all of ours products, including breast and
buttocks implants. The texture will also be available for use with our
revolutionary new titanium coated implants."
About
Heritage Worldwide
Heritage Worldwide, Inc. recently acquired France-based Poly Implants
Protheses, S.A. (PIP), the third largest breast implant manufacturer in
the world. PIP develops, manufactures, and markets a diverse line of
such implants in a variety of shapes, sizes, and textures. PIP's
products also include body support products and other implants and are
sold in 40 countries across the globe. The Company plans to apply for
FDA approval of its implants by early 2004.
Safe
Harbor Statement
Certain statements made herein that are not historical are forward-looking
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements are based on the Company's beliefs and the
assumptions it made using information currently available to it. Because
these statements reflect the Company's current views concerning future
events, these statements involve risks, uncertainties and assumptions.
The actual results could differ materially from the results discussed in
the forward-looking statements. In any event, undue reliance should not
be placed on any forward-looking statements, which apply only as of the
date of this press release.
For
Heritage Worldwide, Inc. and Poly Implants Protheses, S.A.: Claude Couty,
CFO, in France at 33-04-94-10-7808.
SOURCE Heritage Worldwide, Inc.; Poly Implants Protheses, S.A.
-0- 01/22/2004
/CONTACT:
Claude Couty, CFO, +33-04-94-10-7808, for Heritage Worldwide, Inc. and
Poly Implants Protheses, S.A./
(HWWI)
CO:
Heritage Worldwide, Inc.; Poly Implants Protheses, S.A ST: New York,
France IN: MTC HEA OTC SU: WOM PDT -0- Jan/22/2004 18:55 GMT
Last
Updated: January 22, 2004 13:55 EST
For more information :
http://quote.bloomberg.com/apps/quote?ticker=hwwi&x=13&y=14
http://quote.bloomberg.com/apps/news?pid=conews&tkr=HWWI:US
Click on the photos to enlarge
Estetik Medikal during the 25th
National Congress of Turkish Plastic and Reconstruction Surgery
Estetik Medikal Stand with all
technological advances during the 25th National Congress of Turkish
Plastic and Reconstruction Surgery
Estetik Medikal
sponsore of
the gala's
diner receiving all invited surgeons
and their wives..
Gen. Men. of Estetik Medikal Ltd. Dr. Ahmet Girgin during the gala's
diner
View of some well decorated
tables
Click on the photos to enlarge
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