American Addiction Centers, Inc. (fka FTER)

[Probart]

Forterus Announces Record Quarter Resultshttp://www.stockmarketcats.com/f76/forterus-inc-fter-pink-quote-forterus-88033.html

Business Overview

Total revenue for the first quarter of 2010 grew 106% to $1,885,802 compared to $915,543 in the first quarter of 2009. Operating income for the first quarter increase 483% year over year to $199,132 compared to $34,105 in the first quarter of 2009. The Earnings Per Share (EPS) for the first quarter increased 550% to $.013 compared to $.002 in the first quarter of 2009. Revenue Per Share (RPS) increased 81% to $.123 compared to $.068 in the first quarter of 2009. The company had 15,324,864 shares outstanding at the end of the first quarter.

“2010 is off to a strong start for Forterus,” stated CEO Paul Howarth. “We achieved historical first quarter highs in revenue and earnings. Our ability to raise additional capital in the first quarter helped contribute to our increase in marketing and bed count which enabled us to achieve stronger than expected Q1 results.”