Azure Healthcare shares continue to build momentum!Tuesday,...

Azure Healthcare shares continue to build momentum!
Tuesday, February 25, 2014 by Proactive Investors

Azure Healthcare (AZV) shares have been on a tear in the last week rising 38.6% since 18 February to current price of $0.305c

Shares in the company rose 17.31% today with 10.2 million shares traded.

The company was on 19 February granted UL1069 Certification for its IP Based Nurse Call System Tacera, the North American standard for Hospital Signaling and Nurse Call Equipment.

This certification offers the company an opportunity to expand its sales in the U.S., which represents a US$275 million market that is growing at about 20% annually.

It also opened a new US manufacturing facility in Irving, Texas, to support the increasing demand for its Tacera solutions.

Azure has also reported a 41.9% increase in revenue for the year ended 31 December 2013 to $16 million while net profit increased by 238.8% to $2.17 million.