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KAHI - Press ReleaseSource: Kaire Holdings Inc
Kaire Holdings Pharmacy Services Group Reports Second Quarter Sales Increase of 26%
Thursday July 10, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Jul 10, 2003 -- Kaire Holdings, Inc (OTC BB: KAHI) Pharmacy Services Group reports estimated second quarter sales of $271,400, an increase of approximately 26% over the preceding quarter.
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Kaire CEO Steven Westlund commented, "The sales increase is the result of signing 16 new Residential Board & Care facilities to our long term care program. It also marks the second consecutive quarterly increase for the company. Overall, pharmacy sales have increased approximately 43% since January 2003. Looking ahead, we expect to achieve our goal of 200 new beds during the third quarter, and 250 more during the fourth quarter of 2003."
Westlund added, "We have also just completed an upgrade of our electronic billing and data systems. This will allow for efficient high volume claims processing that will be needed to manage the increase in sales volume in the coming months."