Southern Home Medical Equipment Provides Corporate Overview for Shareholders and Financial Industry
07 Março 2011 - 10:59AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding
Company providing healthcare services, staffing and equipment to
medical institutions, today announces a corporate overview for the
shareholders and financial industry. Management would like to
address the Company's accomplishments for 2009 and 2010 as well as
a roadmap for future development.
Southern Home had its first profitable year in 2009. The Company
will soon release financial information for 2010. Based on
unaudited numbers the Company predicts another profitable year. As
of this date, the Company has eliminated debt while expanding and
developing new markets. Under the new management, Southern Home has
retired $ 95,643.00 of long-term debt and pleased to announce that
the company is currently long-term debt free. Strong financials
allow us to pursue new markets along with merger and acquisition
opportunities in the forthcoming months.
Through a Board Directive, Southern Home reduced the outstanding
authorized shares from four (4) Billion to one (1) Billion in
fiscal 2010. It is management's belief that the Company should
strive to maintain accountability to its shareholders. This share
reduction is an effort to demonstrate to our shareholders, that we
are committed to creating a stock with value, rather than a stock
with volume.
Over the next few months, Southern Home will begin growing its
APNEA RX division. The Company will utilize its respiratory
therapist leasing approach to allow facilities access to a
certified respiratory therapist as needed, rather than committing
to a full-time position. This allows the Company's staff to grow
organically, providing much needed services, while at the same time
providing facilities with equipment and oxygen, as well as
diversified medical equipment products to nursing care
locations.
Southern Home has begun to solicit doctors using its at-home
sleep apnea testing equipment. Sleep apnea has been one of the
fastest growing segments of medicine in recent years. The
technology will allow any general physician the ability to test for
sleep apnea in a home environment rather than a lab, creating
additional revenue for the doctor while providing the Company with
the ability to sell or lease breathing apparatuses directly to
patients. In addition, the Company has recently retained a 20-year
veteran to run its APNEA RX division.
The success of APNEA RX will allow the Company to utilize
investments in Encore Medical Staffing, which currently maintains
offices in SC, TN, GA, MD & PA. Encore has just finished its
2010 year end profitable, along with growth over the previous year.
The combination of these two profitable companies allows us to
leverage the Company's platform for centralized accounting,
operations, and services. Through its franchising opportunities,
Encore will continue to expand territories throughout the US and
will allow local and regional partners to service staffing needs in
their general areas.
It is Southern Home's intention to seek merger and acquisition
candidates during the upcoming months that will allow the Company
to develop its footprint into areas such as staffing, consolidated
business services, medical products, and facilities.
Southern Home Medical is very proud of the accomplishments of
its staff and management. The Company wants to provide its
shareholders and partners a value that will continue to grow while
demonstrating conservative and responsible growth.
Mr. Jeff Sarvis, CEO of Southern Home Medical Equipment, Inc.,
states, "After joining Southern Home in August 2007, it has been my
goal as the President & CEO to reduce debt and increase
profitability and shareholder equity." Mr. Sarvis continues by
saying, "It was also my goal to create stability in the
marketplace. As many of you are aware, the healthcare market in
America is rapidly changing. This change can provide many
opportunities for growth for our Company."
About Southern Home Medical Equipment,
Inc. Southern Home Medical Equipment, Inc. is a Holding
Company with a focus on servicing the needs of the Healthcare
Industry. The Company has quality health care professionals to
support hospitals, rehab centers, nursing homes and other medical
facilities providing Registered Nurses, Licensed Practical Nurses,
Certified Nursing Assistants, Billing Specialist, Customer Service
Specialist, Delivery Techs and Marketing Reps. With contractual
agreements with partner businesses in Charleston, Columbia,
Florence and Greenville, South Carolina; Nashville, Tennessee,
Baltimore, Maryland; and Dunwoody, Georgia. Southern Home Medical
is leveraging the success of these business models to expand sales
opportunities in these area with medical needs and equipment.
Southern Home Medical's application process provides quality
screening of each healthcare professional through the use of
License and CPR validation, Skill Checklist, OSHA & HIPPA
Forms, Background Checks and Drug Screening. Through this process,
Southern Home Medical is able to provide only the best
Professionals to Medical Facilities for the use of our
services.
Forward-Looking Statement The statements
in the press release that relate to the Company's expectations with
regard to the future impact on the Company's results from
acquisitions or actions in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also
contain "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Forward-looking statements are subject to risks, uncertainties, and
other factors that could cause actual results to differ materially
from those contained in such statements. Such risks, uncertainties,
and factors include, but are not limited to, future capital needs,
changes, and delays in product development plans and schedules, or
market acceptance.
Contact: Henry Harrison IR Pro 2.0 407-682-2001 Email Contact
www.irprpro.com www.healthcarestock.net
Southern Home Medical (CE) (USOTC:SHOM)
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