Patient Access Solutions Inc (PASO)

[Hogan$1]

PASO Let the Revenue begin flowing.

The clinic has already been seeing patients in a soft opening for the last few weeks based on a conversation with the CEO. The clinic will be seeing patients in full force after the Grand Opening on January 7th. The doctors at the clinic have moved their previous practices to the New CIIT Center location which will create instant revenue for the clinic, then growing at a quick pace to the projected 400 patients as previously stated.

The following is my projection on earnings based on the press release from July.

On the weak side 350 patients x $40,000 ($45,000 max insurance coverage per year)= $14,000,000 in gross revenue x 38% net revenue based on the norm in this field= $5,320,000 in net revenue divided by 50,000,000 shares issued (my guess on shares. Could be less)=.1064 net earnings per share x a PE multiplier of 20 (low for the medical field)= $2.13 per share based on 50,000,000 shares issued.

Currently trading at 20 cents per share.

If I do the calculations based on the 400 patients at $45,000 year as outlined in the previous press release, It would be as follows;

400 patients x $45,000= $18,000,000 in gross revenue x 38% to get to net revenue= $6,840,000 divided by 50,000,000 shares= .1368 net earnings per share x a PE of 20= $2.74 per share.

Currently trading at 20 cents per share.

This is based on one clinic. The press release states that they are opening 1 to 2 additional clinics per year in different States.

You do the math.

Based on my conversations with the CEO, the revenue from the main clinic will fund the additional clinics and will be basically DEBT FREE and Dilution Free once a good stream of revenue is flowing.