News

Canadian Project Summary

 LMW Inc has completed a one year pilot study of 54 centers placed in 3 Provinces and the First Nation population.

At one year our centers are operating at 98.5% capacity of patients with patient visits at 101.2 % capacity. We have reduced ER visits in this population by 93.2% with a resulting decrease of $1,585,200 (CDN) cost of care. After our expense, the Govt realized a net ER savings of $613,200 in this population. Summarizing all "Key" parameters the net cost of care was reduced by $4,106,860 or $257.00 per patient in the moderate and severe asthma population seen in the center.

"The Canadian system allows for the ability to clearly capture costs of care, and show the impact of this program." reported Larry Westby, President "This public / private partnership brings state of the art care to local areas, a key factor in patient adherence."

"Based on this pilot program, we anticipate our Phase 2 roll out to be approved in January 2012, with the additional 300 centers providing the same quality care to asthma patients and their families throughout Canada."

LMW Inc announces Stock Price Revision

 The stock value of LMW Inc will rise to $6430 per share, effective July 1, 2011. This is based on a third party analysis of current assets. LMW has again used the "snapshot" approach as in previous year reports, without forward looking statements. This represents a 22.2% increase in stock value over the 12 month period.

"The true company value lies in the marketplace, as we have learned in our recent accepted offer" stated Larry Westby, president." But maintaining a solid book value is important to all as we move forward."

LMW Inc is a privately held company with no additional stock for sale.

LMW Inc. Announces Company Sale

 LMW Inc announces the sale of company stock and assets for 36.5 million dollars to a Private Equity Group. A schedule for a 2011 closing and complete transition in 2012 has been developed.

"We are happy to have sold our company to an ownership group that will continue to service our sites and patients, while moving forward and making our programs available to an even larger population."

Larry Westby, President & CEO.

LMW Centers affected by Tornado Outbreak

 Several of our centers in the SE United States were battered by the recent tornado outbreak in Alabama, Mississippi, and NC. A total of 13 centers were affected with 4 being totally destroyed. No staff injuries were reported but significant disruptions occurred in many areas. "Our initial response to to get equipment and supplies to our operational centers so that they may reopen when power is restored." stated Larry Westby, President "We will also equip our severely damaged centers quickly when they find alternate locations for their operations. Our priority is to be able to treat our patients asap, and extend replacement equipment and supplies to them, to allow them to manage their asthma & COPD through this crisis."

Patient treatment supplies are being shipped from other centers and will be delivered to sites as roads open. Testing equipment is being configured in the Boyne City office with treatment plans and our proprietary programs for shipment this week to centers, as they come back online.

2011 Update Schedule

 We are on schedule to produce our 2010 Annual Report in February, which will be published in the Investor Section of this site.

A share price revision is anticipated in June 2011 and will be published in this area of our website.

Preliminary financial information indicate that 2010 was a profitable year, which will enhance the companies value.

Please follow the web site closely beginning in Feb / March for the most up to date information available on LMW Inc.

LMW stock price revised July 1, 2010

 The Board of Directors has approved a revision of the stock value of LMW Inc. to a value of $5258 / share effective July 1, 2010. This value continues to be based on a "snapshot" of all current assets. This represents a 42.7% increase in stock value in the past 12 month period.

"We have exceeded our targets consistently in 2010 and are poised for even greater share value as the year progresses. As we transition to GAP accounting standards we are finding our strategies sound, and our fiscal discipline and delivery model returning solid profits. " L. Westby, President.

LMW Inc. is a privately held corporation with no stock for sale. 

NIH Project Expands

 After reviewing preliminary patient volumes, and outcome information the National Institute of Health has moved from the pilot phase of the project into a full Phase I implementation.  This will allow a regional roll out of new centers based within community health centers and hospital outreach projects. Organizations will apply directly to NIH to become candidates, and LMW will further screen candidates for priority of placement.

"Our ability to "connect" with our patients and move them quickly through the diagnostic testing to an initial treatment plan continues to be a strong care model" stated Larry Westby, President " We look forward to working with proactive physicians and organizations to continue to expand care for asthma patients and their families".

Phase I will allow for a 600 center project at full capacity. 

LMW Inc. Announces Price Revision

 The Board of Directors has approved a revision of the LMW Inc. stock price to $4321.00 a share of common stock effective April 1, 2010. The methodology was unchanged from last years increase to provide a "snapshot" of current assets, not utilizing forward looking statements or projections in this formula.

This represents a monthly rate of increase 2.6 times over the 2009 earnings. The company is accruing value at a rate of 152.63 a month per common share resulting in a $1221.00 per share increase in an 8 month period.

"We have maintained our philosophy of investing in our key components, resulting in a wide range of applications for our providers. This is now returning value to the company as demand for our services increases" remarked Larry Westby, President  "We will begin to calculate and report share value on a schedule of 2-3x a year as we have reduced episodic variables, and move towards our goal of testing the acquisition market later this year". I encourage our shareholders to review our Annual Report scheduled for release in April for further information.

LMW Inc. is a privately owned company with no additional stock for sale. 

Board of Directors Approves 2nd 09 Dividend

The Board of Directors has approved a second dividend of $13.00 / share which will be distributed December 1, 2009.

"As indicated with our spring dividend, we chose to move further into the years operation and then reassess our ability to add to the stockholder dividend for the year. We have had continued success moving forward, which allows us to provide a second dividend for our shareholders" Stated Larry Westby, President. "While we have had some challanges, we are confident that this distribution will not adversely affect any of our plans."

There will be a distribution detail listed within the investor section as the date approaches.

LMW Inc announces Stock Price Revision

 The LMW Inc. Board of Directors has reviewed and approved a revision to the stock price of LMW Inc.

The stock price, effective August 1, 2009 will move to $3100.00 a share of common stock. This represents an increase of $700.00 a share in the past year. A formula was utilized that provides a "snapshot" of the companies economic assets in 2009. The decision was made not to utilize forward looking statements or projections in this formula. 

"The continued rise in the stock price represents our commitment to use our resources to meet our stated 2009 goal of maximizing our company value, which is reflected in the new stock price. The value of each share of stock has grown by $58.30 a month over the past year. We are proud of this accomplishment in what can only be described as a challenging economic environment." Stated Larry Westby, President

LMW Inc is a privately owned company which has no additional stock for sale.