Langer, Inc.

Langer, Inc. (Langer) is engaged in the design, manufacture and distribution of medical products and services targeting the long-term care, orthopedic, orthotic and prosthetic markets. Its subsidiaries include Twincraft, Inc.; Regal Medical Inc. and Silipos, Inc. Through these subsidiaries, the company has ventured into personal care products market and patient services market such as long-term care settings which involves facility personnel in product selection, order fulfillment, product fitting and billing services. Langer principally operates in the US and Canada with operations in more than 30 other countries worldwide. The company is head quartered in New York, the US.The company reported revenues of (U.S. Dollars) USD 45.06 million during the fiscal year ended December 2008, an increase of 5.40% over 2007. The operating loss of the company was USD 8.70 million during the fiscal year 2008, as compared to an operating loss of USD 1.99 million during 2007. The net loss of the company was USD 13.62 million during the fiscal year 2008, as compared to a net loss of USD 4.52 million during 2007.