Millennium Healthcare Inc (fka MHCC)

[Bottom Feedr]

It's crazy. They just came into Florida within the last 2 years and bought the whole damn place out too. They own all the local ma and PA physician places now! Insane and they can't even file. Terrible.

[Renee]

MHCC registration revoked:

https://www.sec.gov/litigation/opinions/2021/34-91197.pdf

[VonRyan]

A little buying going on and all ready up .0002s. What the price be when the stock really take notice. Look at EWLL and PPJE .. they are healthcare stock that have rocketed.

[VonRyan]

Millennium Healthcare trades on the OTCMKTS under the ticker symbol "MHCC."

Millennium Healthcare's mailing address is 6901 JERICHO TURNPIKE, SYOSSET NY, 11791. The company can be reached via phone at 516-628-5500.

Millennium Healthcare's management team includes the following people: •Mr. Dominick Sartorio, Exec. Chairman (Age 54, Pay $742.5k)
•Mr. Christopher Amandola, Pres and Director (Age 49, Pay $180k)
•Mr. Anthony Urbano, Chief Financial Officer and Director (Age 50, Pay $275k)
•Mr. Louis J. Resweber, Chief Exec. Officer and Director (Age 58)
•Mr. Manuel Vazquez, Sr. VP of Technology
•Mr. Jake Wengroff, Investor Relations Mang.
•Mr. Darrell W. Contreras, Chief Compliance Officer
•Dr. Rami Ben-Joseph, Sr. VP of Health Outcomes Research
•Mr. Edward Joyce, Member of Advisory Board and Pres of Millennium Medical Devices Llc (Age 52)
•Mr. Martin F. Schacker, Exec. (Age 63)


This page was last updated on 12/9/2020 by MarketBeat.com Staff

[lucky, mydog]

https://www.sec.gov/litigation/opinions/2020/34-90470.pdf

[kkdman]

Up 900% today, few more days like this and I'll break even!

[Renee]

MHCC SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2019/34-86979.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-86979-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2019/34-86977.pdf

[Retire43]

Yes a number years ago when I was touted on this stock, I had a couple of calls talking to Colin! Before surgery!

[Latenightmike57]

Hey retire43. Did you know Chaya was Colin before ?
A little snip snip and he went from male to female.
And ( woof ) ... should of stayed a dude.

It’s a KNOWN FACT !! Ask about it on the board.

Probably paid for the sex change courtesy of duped shareholders.

That fool belongs in jail !!

[Retire43]

Yes. I think you’re right.
You can Talk about good things, but not bad things.

[Latenightmike57]

Hi retire43. I don’t know you ... I was just pointing out that SMME is a HUGE SCAM !!!
I was booted off the SMME board for warning people about that.

Apparently you’re allowed to run SCAMS on ihub.... you’re just not allowed to post about it . LOL



Good luck to you

[Retire43]

How do you know me?

[kkdman]

What's happening, any news??

[Latenightmike57]

RETIRE43... Can you say SCAM ???
JUST LIKE SMME !!!! SMME IS A HUGE SCAM !!

[Bartlman]

Big day for MHCC today. 7500 shares traded at a cost of 75 cents. At least it traded and more than likely whoever was buying wanted a million shares. 7500 is all that got filled.

[Bartlman]

First of all chaps, this particular Millenium Healthcare is headquartered in NJ. If you really want to get some news on the company I'd recommend contacting Dominic Sartorio who is situated somewhere in the NJ/NY area. Posted below is the last update from the company, at least as far as I've been able to determine. Louis Resweber mentioned in the release is no longer with the company and nothing mentioned in the release has come to fruition at least as far as I can tell.

There was an interesting trade mid week for 2.5 million shares at .0002 and trading here has been more active than in some time. I don't know what to read into that.

Anyone living in the NJ area that is able to do a little tracking of the company or could locate Dominic for an update, that would be much appreciated.

Millennium Completes Corporate Transformation in 2016; Sets Stage For "Re-Launch" in 2017

MELVILLE, NY--(Marketwired - Jan 11, 2017) - Millennium HealthCare, Inc. (OTC PINK: MHCC), a provider of advanced healthcare services and innovative medical technologies, today announced that the Company completed its most transformative year in corporate history in 2016, setting the stage for a full-scale "re-launch" of Millennium in 2017.

Millennium today released a Shareholder Update, outlining its anticipated plans for the coming year and summarizing the events of the past 12 months during which time the Company has successfully:

transitioned the business into a true technology company;

moved from being a medical technology distributor to being an owner and developer of its own proprietary medical technology;

acquired all patents, and patents pending, for advanced, innovative electrocardiograph equipment;

established a new Research & Development Division for creating, testing and certifying new medical devices;

entered into a partnership to provide physicians with cutting-edge laboratory testing services;

appointed a new CEO with an extensive Wall Street background and hands-on experience in corporate turnarounds;

opened a new Gulf South regional office and developed a cost-advantageous plan to migrate its corporate headquarters;

strengthened its balance sheet through the successful negotiation of debt settlements equaling nearly $3.5 million;

achieved a formal release from U.S. Bankruptcy Court following a suit filed by minority creditors in February 2016;

filed with the U.S. Securities and Exchange Commission for approval to implement a 1,500-to-1 reverse stock split;

and successfully implemented a complete, top-to-bottom re-structuring of the entire Company, re-organizing into separate Technology and Services Divisions, so as to position Millennium for future growth and expansion.

"While I am extremely proud of our team, and all of our achievements this past year, it occurs to me that everything we have accomplished, to date, can simply be regarded as a 'prologue,' compared to where we intend to take this Company in 2017 and the years ahead," said Louis J. Resweber, the recently appointed Chief Executive Officer of Millennium.

"Millennium's forward progress was greatly facilitated last year by the management's decision to establish two distinct operating units, the Company's new Technology and Service Divisions," Resweber continued. "In the Technology Division, management was thrilled with the acquisition of the new Cardiovascular Diagnostic System (CDs), an enhanced platform for early detection and preventative diagnosis of cardiovascular and coronary heart disease, and, in the Services Division, we were pleased to enter into a partnership with a Specialty Medical Laboratory to provide comprehensive medical lab services to Millennium's growing physician network."

"Moreover, we were equally proud to have appointed Lou Resweber as our new CEO," added Dominick L. Sartorio, Executive Chairman of the Board of Millennium. "Lou brings to Millennium more than 30 years of executive management experience, with specific expertise in corporate turnarounds, business structure, cost containment, capital markets, investor relations, mergers and acquisitions, business administration, and sales and marketing."

New Cardiovascular Technology:

In October of 2016, Millennium closed the acquisition of its new CDs technology, which included full ownership rights to a premier cardiograph device, as well as all corresponding research and development, intellectual property, existing patents, patents pending, and all new patents now being readied for submittal to the United States Patent Office.

Millennium plans to complete the required programming of the newly acquired technology in the first quarter of 2017, to initiate expedited field beta testing during the second quarter, and to begin providing CDs devices to the medical community and generating revenues from this technology as early as the third or fourth quarter of 2017.

"This should allow Millennium to roll out a proprietary, 'market-ready' product directly to the medical community in 2017," stated Resweber. "Whereas the Company was previously perceived in the marketplace as merely a distributor of medical services, with this transaction, Millennium has now completed its evolution into a true healthcare engineering and manufacturing entity."

"As such, Millennium will be re-positioned in the marketplace as a technology company, which should ultimately allow Company shareholders to benefit from the higher valuations generally associated with the tech sector," Resweber added.

The new CDs technology represents an enhancement to Millennium's technology offerings and an evolution from Millennium's previous cardiovascular devices. The new CDs technology will enable primary care physicians to perform quick, easy, accurate and non-invasive diagnostic assessments and will allow doctors to better monitor the effectiveness of therapeutic intervention thereby helping to reduce cardiovascular risk and allowing for better management of heart disease.

New Comprehensive Lab Services:

Also in 2016, Millennium entered into an agreement with a large Specialty Medical Laboratory to provide comprehensive medical laboratory services to the Company's network of primary care physicians, clinics and hospitals.

This Specialty Medical Laboratory handles a wide variety of medical tests, from basic and preventative screenings to advanced medical assessments, using leading edge technology and automated computer driven routines to ensure both accuracy and efficiency.

The Specialty Medical Laboratory is equipped with state-of-the-art instrumentation and equipment, and is staffed by certified medical technologists, phlebotomists, cytologists, and histopathologists. The lab's range of services will also include providing doctors with collection supplies, transportation services, express turnaround, and comprehensive on-line patient reporting.

About Millennium HealthCare, Inc. (www.millenniumhcs.com)

Millennium HealthCare is a medical technology company, now with its own Research & Development Division, which endeavors to develop (in house) and / or acquire (from third parties) innovative and pioneering medical technologies, which it then brings to market. Through its Technology Division, Millennium designs, engineers, manufactures, distributes and services its own proprietary line of medical devices, focused primarily on preventative care through early detection. Through its Services Division, Millennium provides hospitals, primary care practices, physician groups and other medical facilities with cutting-edge systems, and technology-driven applications, as well as advanced billing and coding services, and practice management development consulting. For more information, visit www.millenniumhcs.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains certain statements that may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

FOR MORE INFORMATION, CONTACT:
Red Chip Companies
[e-mail]
[phone]

North East Region: 105 Maxess Road - Suite 124 - Melville, NY - 11747
Gulf South Region: 1010 Roper Road - Suite 4445 - Scott, LA - 70583

[EmptyBones]

nope MIA

[Retire43]

So there is no one to contact as to what is going on with this company. If anything at all?

[EmptyBones]

lol.... figures

[Retire43]

The woman I talked to was upset that so many people call her thinking it’s MHCC.

I’ll look into this website.

There has got to be someone with this company to talk about what’s going on.

[EmptyBones]

That's Richard Clofine number.. Saw it on twitter a few weeks ago.. Here is his website i think that was also posted .http://www.drscore.com/ Don't know what relation or if any with mhcc scam



http://www.drscore.com/App/ScoreDr/dspDetail.cfm?menuaction=view&ID=10219879

[Retire43]

I received a call from the message I left .
Woman that called said her company was Millennium, but not the stock company MHCC!
She has a private company.
Doesn't know anything about MHCC, other than they took the name of her company.

[Retire43]

Just tried number
It said to leave a message for Nadia Dinadi

I’ll call in the morning!

[kkdman]

770-390-0012 for Atlanta but web site is down and facebook no action for couple years--doesn't look good.

[Retire43]

Can you post numbers.
I would like to contact the company IR dept.

[kkdman]

Offices listed in Seattle and Washington with phone numbers.

[Retire43]

I’ve looked at the website.
Can not see how to contact anyone
No phone number given.
Menu button
And the ABOUT
and the Services
But no why to contact anyone.
I’d like to talk to someone in the company

[kkdman]

What gives with this company? They provide staffing at my mom's nursing home and have an active web site, https://millenniahealthcare.com, but no action in the market.

[Bartlman]

Nice try dude. I think they must be dead. Imagine, this stock was over a buck not that long ago.

[Keith14]

I called the Fax number and a lady answered saying "distribution" but when I asked "is this Millennium Healthcare" she just hung up.

[StocksFox]

I'm just seeing your response, apologies for the late reply.

Great question.

I wouldn't characterize it as someone knowing something ahead of time.** Instead I view things in this way: there are often anomalous "out-of-the-blue"*** spikes that happen with these trip stocks.

Take POLR for example-- just discovered it today. Look at the long-term chart and you'll see some crazy movements, and even some more recently ;) .

As of last year I've now made it a point to monitor the portfolio daily. Before I was on a "set-it-and-forget-it" routine. Catching-- or missing-- a spike involves thousands upon thousands of dollars, and I'm making sure I've been making sure to be on the catching side.


**Especially since it was a one-time blip and not a sustained price set-point.

***They're not really "out-of-the-blue," of course ;)

[trader53]

MHCC 0.0002

https://www.otcmarkets.com/stock/MHCC/profile

http://www.investorpoint.com/stock/MHCC-Millennium+Healthcare+Inc/price-history/

https://www.stockscores.com/charts/charts/?ticker=MHCC

[Bartlman]

Noted. You don't suppose someone out there knows something?

[StocksFox]

There was an open and close of .08 cents on 9/27/18...

keep an eye on those spikes my friend!

[Bartlman]

With Resweber gone it's hard to know where the company is heading. A 1500/1 reverse split was in the works 2 years ago. That sounded like pie in the sky but I don't believe Resweber had a firm grasp on this company in any event. That one pr was all we heard from him in his two years. It would have meant approx 1 mil shares as the total os, quite unrealistic but I suppose a good place from which to start putting new shares back into the market. Hopefully the old team has something up their sleeves. They may still have the Vasoscan technology but that's about it and that one technology could be enough if properly handled.

[TJ1020]

Reverse Split*

[TJ1020]

IDK man, a 1500-1 split looming overhead could cancel those millionaire dreams real quick.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127787618

[Retire43]

Can you find a website, a person to talk with or any info on this company?

[Bartlman]

Well, not too many readers out there apparently. So I'll just keep talking into the ether. Resweber is gone and maybe that has lifted a certain amount of weight off the company. While prices haven't risen, the amount of trading definitely has. Some activity every day over the past few days with today's trading exceeding 6 million shares, a better than average day. I tend to make the assumption that somebody out there knows something and that some buyers are taking advantage of the calm before global warming impacts MHCC and it expands like crazy. But, then again, maybe the only thing crazy here is me. I have a bunch of shares and it would only take a penny to make me a millionaire. That does tend to make a person kind of crazy in a hopeful kind of way.

[Bartlman]

Louis Resweber - gone like the wind. LJR's name has reappeared after 2 years of internet silence. If you Google his name you'll find a couple of recent (Oct 2018) press releases announcing his involvement in a new company, LJR Security (note the use of his initials). Back in 1916 he had hyped MHCC through LJR Capital Management before joining Millenium.

Anyway, the dude is gone. Hope he's taken the 1500/1 reverse split with him. Always seemed like a strange fit with Millenium. No background in this medical stuff at all and didn't seem to be much more than a promoter (and a self promoter to boot). Hopefully his gonefulness will represent a new chapter for the company and it is my hope that we might soon see an update from the former management team. 2017 was supposed to be the big kick off. Didn't happen. 2018 was the big kick out. Maybe 2019 will see MHCC lifting off once again.

[giveit2me]

from the intro

[Bartlman]

Not sure of the connection between that website and MHCC. Could you explain further please.

[giveit2me]

what about https://procommanswering.com/

[Retire43]

I agree you are very optimistic!
I have found no one and nothing to give any info

[Bartlman]

There is a phone number posted on several investment sites which one person on this board called (dig back a few posts to find out whom) but the number wasn't in service. I tried emailing a few times but no response. The Millenium website seems to have gone dark as well. If you Google names like Reswebber and Sartorio and the like, they are still listed as executives of the company (and they aren't shown as having moved on) but you find little else by way of news.

Now, personally, I'd be more upset if they'd quietly closed shop and moved on. The fact that Reswebber and Sartorio don't seem to have left the organization, is actually encouraging to me. Even the dark website is better than a visible but inactive one. One might even make the presumption that they're working on a new website in conjunction with re-entering the market as a newly reorganized entity. My basic optimistic nature usually gets me in trouble though.

The biggest problem I have with the proposed new entity is the 1500/1 backward split which is totally unnecessary to my way of thinking. At 1.3 billion shares out, a 10/1 reverse split would result in 130 million shares. A 100/1 reverse brings it to 13 million shares, a relatively small number for a small cap company. 1500/1 brings it down to 866.6k, kind of a ludicrous number.

Lets say they keep the number of shares where it is, announce some positive news and the share price rises to a not inconceivable .08 and it's trading happily in that range. No, it's not NASDAQ or NAS territory so they do the 1500/1 reverse split. Theoretically, the shares now trade at 1500 x .08 which equals $120. You think so? $120/share for MHCC. Who cares about the NASDAQ? Money is money and it will go up much more readily from a base of .0001, or .08 than $120. Let it play in that area for awhile before seeing what the market does to it and then adjust accordingly.

[Retire43]

No. I'm in Louisiana.
They have no phone number???

[Bartlman]

Do you live out that way Retire? Might be worth a drop-in by someone who lives in the New Jersey area. Would be nice to turn up a living body somewhere in the organization.

[Retire43]

Yes. I have attempted to contact various people I knew within and about the company. I've gotten zero info.

[Bartlman]

The last news the company issued was almost 2 years ago. It sounded promising and as far as I know all personnel are the same now as is the mission. Who really knows.

Millennium Completes Corporate Transformation in 2016; Sets Stage For "Re-Launch" in 2017

MELVILLE, NY--(Marketwired - Jan 11, 2017) - Millennium HealthCare, Inc. (OTC PINK: MHCC), a provider of advanced healthcare services and innovative medical technologies, today announced that the Company completed its most transformative year in corporate history in 2016, setting the stage for a full-scale "re-launch" of Millennium in 2017.

Millennium today released a Shareholder Update, outlining its anticipated plans for the coming year and summarizing the events of the past 12 months during which time the Company has successfully:

transitioned the business into a true technology company;

moved from being a medical technology distributor to being an owner and developer of its own proprietary medical technology;

acquired all patents, and patents pending, for advanced, innovative electrocardiograph equipment;

established a new Research & Development Division for creating, testing and certifying new medical devices;

entered into a partnership to provide physicians with cutting-edge laboratory testing services;

appointed a new CEO with an extensive Wall Street background and hands-on experience in corporate turnarounds;

opened a new Gulf South regional office and developed a cost-advantageous plan to migrate its corporate headquarters;

strengthened its balance sheet through the successful negotiation of debt settlements equaling nearly $3.5 million;

achieved a formal release from U.S. Bankruptcy Court following a suit filed by minority creditors in February 2016;

filed with the U.S. Securities and Exchange Commission for approval to implement a 1,500-to-1 reverse stock split;

and successfully implemented a complete, top-to-bottom re-structuring of the entire Company, re-organizing into separate Technology and Services Divisions, so as to position Millennium for future growth and expansion.

"While I am extremely proud of our team, and all of our achievements this past year, it occurs to me that everything we have accomplished, to date, can simply be regarded as a 'prologue,' compared to where we intend to take this Company in 2017 and the years ahead," said Louis J. Resweber, the recently appointed Chief Executive Officer of Millennium.

"Millennium's forward progress was greatly facilitated last year by the management's decision to establish two distinct operating units, the Company's new Technology and Service Divisions," Resweber continued. "In the Technology Division, management was thrilled with the acquisition of the new Cardiovascular Diagnostic System (CDs), an enhanced platform for early detection and preventative diagnosis of cardiovascular and coronary heart disease, and, in the Services Division, we were pleased to enter into a partnership with a Specialty Medical Laboratory to provide comprehensive medical lab services to Millennium's growing physician network."

"Moreover, we were equally proud to have appointed Lou Resweber as our new CEO," added Dominick L. Sartorio, Executive Chairman of the Board of Millennium. "Lou brings to Millennium more than 30 years of executive management experience, with specific expertise in corporate turnarounds, business structure, cost containment, capital markets, investor relations, mergers and acquisitions, business administration, and sales and marketing."

New Cardiovascular Technology:

In October of 2016, Millennium closed the acquisition of its new CDs technology, which included full ownership rights to a premier cardiograph device, as well as all corresponding research and development, intellectual property, existing patents, patents pending, and all new patents now being readied for submittal to the United States Patent Office.

Millennium plans to complete the required programming of the newly acquired technology in the first quarter of 2017, to initiate expedited field beta testing during the second quarter, and to begin providing CDs devices to the medical community and generating revenues from this technology as early as the third or fourth quarter of 2017.

"This should allow Millennium to roll out a proprietary, 'market-ready' product directly to the medical community in 2017," stated Resweber. "Whereas the Company was previously perceived in the marketplace as merely a distributor of medical services, with this transaction, Millennium has now completed its evolution into a true healthcare engineering and manufacturing entity."

"As such, Millennium will be re-positioned in the marketplace as a technology company, which should ultimately allow Company shareholders to benefit from the higher valuations generally associated with the tech sector," Resweber added.

The new CDs technology represents an enhancement to Millennium's technology offerings and an evolution from Millennium's previous cardiovascular devices. The new CDs technology will enable primary care physicians to perform quick, easy, accurate and non-invasive diagnostic assessments and will allow doctors to better monitor the effectiveness of therapeutic intervention thereby helping to reduce cardiovascular risk and allowing for better management of heart disease.

New Comprehensive Lab Services:

Also in 2016, Millennium entered into an agreement with a large Specialty Medical Laboratory to provide comprehensive medical laboratory services to the Company's network of primary care physicians, clinics and hospitals.

This Specialty Medical Laboratory handles a wide variety of medical tests, from basic and preventative screenings to advanced medical assessments, using leading edge technology and automated computer driven routines to ensure both accuracy and efficiency.

The Specialty Medical Laboratory is equipped with state-of-the-art instrumentation and equipment, and is staffed by certified medical technologists, phlebotomists, cytologists, and histopathologists. The lab's range of services will also include providing doctors with collection supplies, transportation services, express turnaround, and comprehensive on-line patient reporting.

About Millennium HealthCare, Inc. (www.millenniumhcs.com)

Millennium HealthCare is a medical technology company, now with its own Research & Development Division, which endeavors to develop (in house) and / or acquire (from third parties) innovative and pioneering medical technologies, which it then brings to market. Through its Technology Division, Millennium designs, engineers, manufactures, distributes and services its own proprietary line of medical devices, focused primarily on preventative care through early detection. Through its Services Division, Millennium provides hospitals, primary care practices, physician groups and other medical facilities with cutting-edge systems, and technology-driven applications, as well as advanced billing and coding services, and practice management development consulting. For more information, visit www.millenniumhcs.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains certain statements that may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

FOR MORE INFORMATION, CONTACT:
Red Chip Companies
[e-mail]
[phone]

North East Region: 105 Maxess Road - Suite 124 - Melville, NY - 11747
Gulf South Region: 1010 Roper Road - Suite 4445 - Scott, LA - 70583

[Retire43]

Do you have any info as to this company.
I've turned up nothing!