I think I was wrong about Andrew A. Lukowiak, PhD being our new guy. I found one news release that had him attached to our company but many more saying that it was a different Millenium (there are several). I believe there could be something imminent however. The stock has been basically dormant for over a year with only the occasional bit of action and movement. It was over a year ago that we had our last pr, one in which the company indicated that they were ready to rumble sometime in the 2017 year. And then the big action of Friday. Though it was 28 million shares it wasn't a lot dollar wise - just $5600. Nevertheless, it could be indicative of something.
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.
