The
Company owns approximately 19 acres of land and a 75,000-square-foot building
in Angleton, Texas. The facility is used for the production of catheter related
products. The Company owns approximately 12 acres
of land and a 100,000-square-foot building in Chester, Virginia. The facility
is used for production of custom procedure trays used in the medical industry.
The Company leases a manufacturing facility of approximately
5,000 square feet located in Venlo, The Netherlands. The facility is used for
the coating of wires and tubing for medical devices. The lease will expire in
June of 2007. The Company plans to relocate this operation to another facility
with approximately 10,000 square feet after its current lease expires. The current
monthly lease payment is approximately $8,000. The
Company believes that its existing and proposed facilities will generally be adequate
for its present and future anticipated level of operations.
Item 3. Legal Proceedings. In the course
of conducting its business operations, the Company is, from time to time, involved
in litigation and other disputes. Management does not currently anticipate that
any pending litigation or dispute against the Company will have a materially adverse
effect on the Company’s operations. Item 4. Submission
of Matters to a Vote of Security Holders. No
matters were submitted to a vote of security holders during the fourth quarter
of the year ended December 31, 2005. | 
