Southern Home Medical Once Again Reduces The Company's Issued And
Outstanding Preferred Shares
LYMAN, S.C., Nov. 2, 2012 /PRNewswire/ -- Southern Home
Medical, Inc. (OTCPK: SHOM), a holding Company providing healthcare
services, staffing and equipment to medical institutions, announced
today that it has reduced its issued and outstanding Preferred A
share total by retiring 8,000,000 shares leaving a total of
Preferred A shares issued of 11,827,000.
In a recent press release dated October
19th, 2012 The Company announced that it reduced
its issued and outstanding Preferred C share total by retiring
6,000,000 shares leaving a total issued of 10,131,250 Preferred C
Shares. The announcement also stated that during the month of
August it retired 9,250,000 shares of common stock leaving total of
234,510,122 issued and outstanding.
Southern Home Medical continues its dedication to its
shareholders to rain in unnecessary dilution as a result of non
performing entities not fulfilling their services. These continued
share reductions taken by the Company reinforces its commitment to
increase the stock value to its shareholders.
Additionally management is very pleased with the progress the
Company has made over the last three quarters. There is
plenty of optimism that by continuing these reductions in
outstanding shares combined with the growth the Company is
experiencing, 2012 expects to end the year with positive EPS
(Earnings per Share).
"We are working very hard to demonstrate to you the shareholders
that we are dedicated to making this Company worth the continued
investment. We appreciate your support and look forward to
continued success," said President and CEO of Southern Home
Medical, Jeff Sarvis.
About Southern Home Medical, Inc.
Southern Home Medical, 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; Atlanta, 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
www.encoremedicalstaffing.com
www.apnearx.net.
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:
Brittany Toole
1-800-915-0554
SOURCE Southern Home Medical, Inc.
