PARSIPPANY, N.J., May 14, 2012 /PRNewswire/ --PDI, Inc. (Nasdaq: PDII) today announced the signing of several new and renewal contracts that together are expected to generate total revenues of $16 million over the lives of the contracts. These contracts generated about $2.5 million of revenue in the first quarter of 2012 and are expected to add approximately $10.5 million of revenue for the remainder of 2012.
The business wins are for a range of contract sales and service agreements under which PDI will variously provide promotional and support services through its standing established relationship team, dedicated sales teams, clinical educators, and/or talent acquisition and training services.
"These contracts extend ongoing relationships and also establish new ones for PDI, affirming the value that we can provide to customers year after year and demonstrating the breadth of our service portfolio," said Nancy Lurker, Chief Executive Officer of PDI, Inc. "At PDI,we focus on providing customers with a high return on their investment in our outsourcing services and the strategic flexibility to make the most effective use of their resources."
About PDI, Inc.
PDI is a leading health care commercialization company providing superior insight-driven, integrated multi-channel message delivery to established and emerging health care companies. The company is dedicated to enhancing engagement with health care practitioners and optimizing commercial investments for its clients by providing strategic flexibility, full product commercialization services, innovative multi-channel promotional solutions, and sales and marketing expertise. For more information, please visit the company's website at http://www.pdi-inc.com.
This press release contains forward-looking statements regarding future events and financial performance. These statements are based on current expectations and assumptions involving judgments about, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond PDI's control. These statements also involve known and unknown risks, uncertainties and other factors that may cause PDI's actual results to be materially different from those expressed or implied by any forward-looking statement.
For example, with respect to statements regarding projections of future revenues, growth and profitability, actual results may differ materially from those set forth in this release based on the loss, early termination or significant reduction of any of our existing service contracts, the failure to meet performance goals in PDI's incentive-based arrangements with customers or the inability to secure additional business. Additionally, all forward-looking statements are subject to the risk factors detailed from time to time in PDI's periodic filings with the Securities and Exchange Commission, including without limitation, PDI's Annual Report on Form 10-K for the year ended December 31, 2011, and PDI's subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, PDI undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE PDI, Inc.
Amy Lombardi, PDI, Inc., +1-862-207-7866, Alombardi@pdi-inc.com; Melody Carey, Rx Communications Group, LLC, +1-917- 322-2571, Mcarey@RxIR.com