DEER PARK, N.Y., Jan. 9 /PRNewswire-FirstCall/ -- Langer, Inc. (Nasdaq: GAIT, "Langer" or the "Company") today announced the closing of the acquisition of substantially all of the assets of Regal Medical Supply, LLC ("Regal") through Langer's wholly-owned subsidiary Regal Acquisition Co. Regal is a Board for Orthotist/Prosthetist Certification accredited supplier of contracture management products and services focused on the long term care market with 24 sales representatives covering both chain and independently operated skilled nursing and assisted living facilities in 22 states. The purchase price was approximately $1.64 million, including the satisfaction of certain obligations to affiliated parties in exchange for the delivery of excess working capital. The transaction consideration was funded through the issuance of 379,167 shares of Langer common stock at a price of $4.3290. For the calendar year ended December 31, 2005 Regal generated net sales of approximately $1.87 million and for the nine month period ended September 30, 2006 generated net sales of approximately $1.74 million. Regal President John Shero executed a three year employment contract and joined a subsidiary of the Company as its Vice President of Field Sales. Gray Hudkins, the Company's President and CEO commented, "As we have begun working through the integration of Regal's structure with our existing sales coverage we are more excited than before about the growth opportunities we believe this acquisition brings to our Company. In addition to achieving our goal of penetrating the long-term-care market with our existing product lines, we also believe we will be able to provide better clinical and sales support at the local level to our existing customers. In addition, we have begun calling on a number of large physical rehabilitation companies that work with owners of long-term care facilities and have two chain pilot programs scheduled to begin in early February. We expect to see a near term increase in utilization of custom Langer products sold by Regal sales people through the long-term-care channel, leveraging our manufacturing overhead structure. In addition, we believe that provision of both products and higher margin fitting and billing services should have a positive impact on our operating performance." Mr. Hudkins continued, "We are excited to welcome Regal President John Shero to our team and we look forward to working together with our distribution partners, our large corporate clients, our individual practitioners clients, and our core podiatric customer base to provide quality products at competitive prices with unparalleled service." Langer, Inc., together with its wholly owned subsidiary Silipos, Inc., designs, manufactures and distributes high quality medical products targeting the orthopedic, orthotic and prosthetic markets. In addition, the Company offers a diverse line of skincare products for the medical and therapeutic markets. The Company sells its products primarily in the U.S. and Canada as well as in more than 30 other countries to national, regional, international and independent medical distributors and directly to healthcare professionals. Langer is based in Deer Park, New York, and has additional manufacturing facilities in Niagara Falls, New York, Anaheim, California, Montreal, Canada, Stoke-on-Trent, UK as well as sales and marketing offices in Ontario, Canada and New York, New York. Certain matters discussed in this press release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future" and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including the Company's 2005 Form 10-K, 2006 Proxy Statement for the Annual Meeting of Stockholders, and recently filed Form 10- Qs and Form 8-Ks. DATASOURCE: Langer, Inc. CONTACT: W. Gray Hudkins, President and CEO of Langer, Inc., +1-212-687-3260 Web site: http://www.langerinc.com/

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