Southern Home Medical Achieves Seventh Consecutive Month of Profitability and Record Revenues in July
31 Agosto 2011 - 9:30AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding
company providing healthcare services, staffing and durable medical
equipment to medical institutions, announced today that it has
achieved its seventh consecutive month of profitability and record
revenues in July 2011. Corporate revenues were $116,204 in July
2011, 25% higher than revenues of $93,047 reported in July 2010.
Net income was $36,423 in July 2011, 73% higher compared to net
income of $21,061 in the same month one year ago.
"Having reported a strong first and second quarter of 2011, we
are extremely pleased to continue our progress into the second half
of 2011. The month of July 2011 continues our trend of
profitability established at year-end December 31, 2010. Our
network of companies are focused on streamlining operations and
increasing sales without additional, large capital expenditures. We
remain optimistic that our positive earnings trend will continue
through the remainder of 2011," said President and CEO of Southern
Home Medical, Jeff Sarvis.
"While we are exceeding our expectations month-after-month in
terms of revenues and net income, our stock price has yet to
parallel our outstanding performance. We anticipate this to change,
as the 'gathering phase' of the audit is almost over. Scott and
Company, our auditor, will soon be assembling the results for
public disclosure. Once completed, we can continue to move towards
'fully reporting status' and achieve higher visibility in the
financial community," added Sarvis.
About Southern Home Medical Equipment,
Inc. Southern Home Medical Equipment, Inc. is a holding
company with a focus on servicing the needs of the U.S. healthcare
industry. The Company has quality health care professionals to
address national shortages in hospitals, rehab centers, nursing
homes and other medical facilities. Personnel are available
24/7/365 and include: RN's, LPN's, CNA's, RT's, billing
specialists, customer service specialists, delivery techs and
marketing reps. The Company has contractual agreements with partner
businesses located in Charleston, Columbia, Greenville, Florence
and Lake Hartwell, of South Carolina; Nashville, Tennessee;
Baltimore, Maryland; Dunwoody, Georgia; and Philadelphia,
Pennsylvania. Southern Home Medical is leveraging the success of
these business models to expand sales opportunities in these areas
of health, medical, staffing and durable medical equipment needs.
For more information, visit www.southernhomemedical.com.
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.
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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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