American Medical Technologies, Inc. develops, manufactures and markets high technology products designed primarily for the global general and cosmetic dental industries and distributors of tooth whitening products. AMT's primary product offering includes: high power curing lights, air abrasive kinetic cavity preparation systems ("KCP"), and professional tooth whitening systems sold under the brand name "Contrast." With the exception of the tooth whitening, all other AMT products are developed and produced at its manufacturing facility located in Corpus Christi, Texas. Outside of the dental field, AMT also develops, manufactures and markets precision air abrasive jet machining ("AJM") systems for industrial applications. AMT, incorporated in Delaware in November 1989, completed its initial public offering in June 1991. AMT changed its name from American Dental Technologies, Inc. on July 13, 2000.
In 2006 AMT continued the restructuring and recovery programs that were implemented in late 2002 and 2003 as a result of the aggregate losses of $28 million incurred in 2000, 2001 and 2002. Significant time and efforts were expended in 2005 to protect the Company's assets from excessive claims from outside claimants and lawsuits, as reported throughout the year. The Company believes it was necessary to resolve these "negative" issues in preparation for formulating and implementing a "positive" growth strategy. In 2006, the Company also added the Spectrum Dental product line and by doing so began formulating a new phase of corporate development.
