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Caci set to meet targets

By Phil Boeyen, ShareChat Business News Editor

Wednesday 13th June 2001

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Appearance medicine company Caci Group (NZSE: CGL) says its on target to meet budgeted revenue and profitability in the current year.

The NCM company, which listed in November, has announced a first year loss to the end of March of $233,000.

The loss reflects listing and key transaction costs. The only income received between November and the end of March was from interest.

In April the company completed the purchase of Micromode Medical (NZ) Ltd and its subsidiary companies as a key transaction.

The purchase means Caci is now the franchisor of the 16 Caci Clinics located throughout New Zealand and distributes medical equipment and cosmetic products to the clinics and to other appearance medicine providers.

The company's directors say they are encouraged by the trading results for the first two months of this financial year and are planning for strong growth.

"Specifically we plan to increase the equipment and range of treatments in the Caci clinics, to expend further in
Australia and to extend our sales and distribution division."

Current developments include final testing on a customer relationship management system and progressing the potential of new clinic sites in Whangarei, Rotorua, Taupo, Gisborne, Invercargill, Lower Hutt and Auckland.

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