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Receivable Acquisition & Management Corporation Issues Special Letter To Shareholders

Sep. 24, 2010 (PR Newswire) --

FORT LEE, N.J., Sept. 24 /PRNewswire/ -- Receivable Acquisition and Management Corp (OTC Bulletin Board: RCVA), today sent a letter from CEO, Max Khan to shareholders detailing the new direction the Company plans on taking in the Health Information Technology industry which is expected to be a $53 Billion industry by 2014. The following is a copy of the shareholder letter:

Dear Shareholders:

We began investing in distressed consumer debt in 2004, but we had difficulty to scale up to desired levels due to an extraordinary increase in prices paid for this type of consumer debt. This was followed by the massive credit crunch and deep recession. The prices have normalized but credit is still not available and unemployment remains very high. However, we have continued to operate and maintain a stable cash balance so we can capitalize on new business opportunities.

I am pleased to report to you that over the past several months we have been analyzing specific sectors of the economy that are likely to experience explosive growth over the next several years. We believe that the healthcare vertical of the information technology sector represents an enormous opportunity. Healthcare remains the most underserved and Healthcare Information Technology is estimated to grow to $53 billion by 2014; growing at a compounded annual growth of 14%. Large part of the impetus is coming from the American Recovery and Reinvestment Act of 2009 (ARRA 2009) which includes the Health Information Technology for Economic and Clinical Health Act, also known as HITECH. HITECH has allocated $19 billion to hospitals and physicians who demonstrate Meaningful Use of Electronic Medical Records. This law also requires the use of Electronic Healthcare Records (EHR) Systems by 2015. Considering only 4% of the 788,000 physicians in the United States currently have fully functional EHR systems and only 13% have limited access, this represents a tremendous opportunity for companies providing EMR & EHR systems and related services.

We are in the process of negotiating a takeover of a company in this field and plan to announce in the next few weeks. This new direction is only the beginning. We have a comprehensive acquisition strategy in place for the next 24-36 months. By positioning itself in this market, we believe we can create significant shareholder value.

You will be hearing from us shortly.

Thank You,

Max A. Khan

Chief Executive Officer

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Receivable Acquisition & Management Corp's current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Receivable Acquisition & Management Corp's filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

SOURCE Receivable Acquisition & Managment Corp

Max A. Khan, Chief Executive Officer, [phone], [e-mail]




Source: PR Newswire (September 24, 2010 - 7:30 AM EDT)

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