Dr. J.W. Stucki --- has stepped down as ceo.
The Company has reduced its clinics to a core of six profitable clinics that should bill approximately $5 million in 2008. The clinic operations will continue to contribute profit and will be cash positive in the foreseeable future. AMHI continues to reduce corporate expenses to less than $400,000 annually.
As of June 30, 2007, the Company has approximately 40 full-time employees. AHC Medical Clinics operates "8" medical clinics located throughout the Southeast USA with another "35" clinics in the Affiliated Clinic Program.
Condensed Consolidated Statements of Operations (Unaudited) Three months ended Year ended
American HealthChoice, Inc. and subsidiaries (the Company consists of a parent company and 55+ owned and affiliated clinics (13 owned and 42+ affiliated) providing medical, physical therapy, and chiropractic services in Texas, Kansas, and Tennessee. Substantially all of the Company's revenues are derived from chiropractic, physical therapy and medical services provided to individuals living in the vicinity of the clinics.
7350 Hawk Road
Tel: (817) 837-8000
Fax: (817) 837-8004
NEW CEO --- Pat McGlashan
OMNIBODYSCAN IS FDA APPROVED!
Pain, Itching Part of Rare Breast Cancer
IBC's Nontraditional Symptoms Make It Hard to Detect
RehabCo's first product will be the OmniBody Scan, an infrared imaging camera. The OmniBody Scan will be an adjunct diagnostic tool to highlight areas of abnormality within the body. When the OmniBody Scan is used as an adjunct tool, it will be able to identify problems early enough for prevention and treatment. Our initial focus will be the worldwide problem of breast cancer. The dilemma that all women have is that having X-rays to detect cancer may cause cancer. The OmniBody Scan will be a non-invasive tool that will have no harmful side effects.
AMHI consists of 3 main subsidiaries
1. AHC Medical Clinics - Consists of both company owned and affiliated medical clinics. The Division's strategic business model for its Affiliated Clinic Program has two components. First, a medical clinic owned by a physician with an established patient base and experience in treating personal injury and workers compensation patients. Second, multiple marketing resources to direct prospective patients to the clinic.
2. RehabCo Inc. - RehabCo has exited the business of spinal decompression and entered the business of distributing revolutionary and cost effective medical solutions. It is not our goal to manufacture or distribute commodity products. Rather, as a division of American HealthChoice, our goal is to provide medical equipment solutions that are technologically ahead of the curve.
RehabCo has an internet website at http://www.Rehabco.com
3. TelMedCo Solutions, Inc. - formed in June 2005 to embrace the revolutionary technology of Telemedicine and to provide second opinions to patients of the Medical Clinics Division.
TelmedCo has recently joined forces with Aastra Telecom, a North American business unit of Aastra Technologies Limited. Aastra Telecom is a supplier to Verizon and a partner with BroadSoft, Sylantro, Metaswitch, Asterisk and other VoIP leading edge companies. Another reason that TelmedCo chose Aastra Telecom is their "roaming" or "mobility" solution.
Currently TelmedCo provides second opinions to company-owned and affiliated clinics as well as four clinics outside the Division's network. As of September 30, 2005 TelmedCo had 8 Production systems in place. In December of 2005 TelmedCo put in place the infrastructure to expand into Tennessee. This will bring the total number of systems to 14 production and two test systems. TelmedCo will continue to expand in Texas and Tennessee as well as in other states.
Telemedicine is the use of technologies such as video conferencing and electronic medical devices, combined with medical practices, and medical specialists that are organized and connected to provide health care services over telecommunications network to patients that are separated from the doctors by distance. TelmedCo's Telemedicine solution provides healthcare to patients by utilizing digital technology, including electronic stethoscopes, ophthalmoscopes and otoscopes, which virtually connect the patient to the doctor. The initial roll out using this emerging technology has been among company-owned and affiliated clinics as well as clinics outside the American HealthChoice umbrella. The revenue stream comes from second opinions provided by physicians of the Medical Clinics Division.
CEO; Pat McGlashan
- Shares Authorized 200,000,000 as of 3/30/2007
- Shares Outstanding 165,000,000 as of 9/15/2008
- Float 50.4 million as of 3/30/2007
Known Key Financials as of ~1/10/2007
- Institutional Ownership (%) .20(Geduld & Co 175,000)
- Top 10 Institutions (%) .20
- 5%/Insider Ownership (%) 54.86
Golden Gate Financial Group:
- Shs Held: 10,890,916
- $ Market Value:751,473
- %Out 9.8
- Diluted Shs: 10,890,916
--Insider Ownership = 52,710,041 common shares 48.7%
--2005 Revenue at $11.5 million
--2005 $763,107.00 operating income
--2005 Basic Fully Diluted EPS .01
--2006 EST Revenue $17-20 million
FILINGS LAST KNOWN; UPDATED 05-02-11 --- REGISTRATION STATE LOCATION; TX/STATE OF INC.,NY.
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7350 HAWK ROAD
FLOWER MOUND TX 75022 Business Address
7350 HAWK ROAD
FLOWER MOUND TX 75022
AMERICAN HEALTHCHOICE INC /NY/ CIK#: 0000854862 (see all company filings)
SIC: 8011 - SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE
State location: TX | State of Inc.: NY | Fiscal Year End: 0930
(Assistant Director Office No 1)
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NEW CEO --- Pat McGlashan
June 23, 2011 Contact: Dr. Stucki
AMERICAN HEALTHCHOICE ANNOUNCES APPOINTMENT OF NEW CEO; AUDIT AND RE-LISTING ANTICPATED
June 22, 2011 - Flower Mound, Texas - (PR NEWSWIRE) - American HealthChoice, Inc. (OTC BB: AMHI) announced today that it has hired Pat McGlashan as its new CEO. Pat replaces Dr. J. W. Stucki who resigned effective December 31, 2010.
Pat has worked for AHC over the past six years as President of its wholly owned subsidiary, RehabCo. Before coming to RehabCo, he held several executive and management positions with leading telecommunications companies such as AT&T, ITT and Southern Pacific Communications (now Sprint).
Pat expressed his pleasure at being appointed the new CEO of American HealthChoice, Inc. and states that his priority will be the hiring of new auditors and returning AHC to trading status.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934.