BURLINGTON, Mass., Nov. 26, 2012 (GLOBE NEWSWIRE) -- LeMaitre Vascular, Inc. (Nasdaq:LMAT), a provider of peripheral vascular devices and implants, announced that it plans to increase its selling and marketing commitment in the Canadian market, and will be opening its Canadian headquarters in Toronto in December 2012. Shipping to Canadian hospitals from the Company's new location should commence in Q1 2013. The Company estimates that it will employ 5 Canadian sales representatives and a general manager over the next 18 months.
"Expanding our efforts in Canada is a natural move for LeMaitre Vascular. We have been shipping to Canadian hospitals from our Burlington, MA operations for a number of years, which has created a significant base of business on which to add additional sales resources. In addition, Canada has special appeal due to its solid economy, robust healthcare system, and proximity to our U.S. operations," said Rob Linden, Senior Vice President of Sales in the Americas.
LeMaitre Vascular currently employs its own direct sales force in 14 countries:
1. United States
6. The United Kingdom
9. The Netherlands
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this press release regarding the Company's business that are not historical facts may be "forward-looking statements" that involve risks and uncertainties. Specifically, statements regarding the Company's plans to increase its sales and marketing efforts in Canada, are forward-looking, involving risks and uncertainties. Other risks and uncertainties are included under the heading "Risk Factors" in our most recent Annual Report on Form 10-K, as updated by our subsequent filings with the SEC, all of which are available on the Company's investor relations website at http://www.lemaitre.com and on the SEC's website at http://www.sec.gov. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.
The LeMaitre Vascular, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10015
Source:LeMaitre Vascular, Inc.