Physician Healthcare Management Group (fka PHYH)

[Fishing at Surfside]

NEWS - Physicians Healthcare Management Group Announces Spin Off of Phyhealth
Corporation Into New Standalone, Fully Reporting Public Company Restructuring
Designed to Enhance Capital Structure and Provide Clean Vehicle to Support
Planned Growth


MIAMI, Nov. 22, 2010 /PRNewswire via COMTEX/ -- Physicians Healthcare
Management Group, Inc. ("PHYH") (Pink Sheets: PHYH), today announced
that it has spun-off Phyhealth Corporation ("Phyhealth"), formerly a
wholly owned subsidiary of PHYH, into a standalone, fully reporting public
company that will be traded under the symbol PYHH on the Over-the-Counter
"OTCQB", Exchange, the middle tier of the OTC market reserved for SEC
registered and reporting companies. Following the spin-off, both Phyhealth and
PHYH will be independent, publicly traded companies. PHYH will continue to be
traded on the Over-the-Counter Pink Sheets.

As a result of the spin-off, all PHYH's common and preferred shareholders will
receive one (1) share of Phyhealth for every fifty (50) shares of PHYH held as
of November 8, 2010. Phyhealth expects to issue 3,131,599 common shares,
3,240,008 Series A Preferred Convertible Shares and 622,332 Series B Preferred
Convertible Shares to the PHYH shareholders on a prorata basis. PHYH will retain
3,472,713 shares of Phyhealth common stock.

As a result of the spin-off, Phyhealth will assume all the businesses, assets
and liabilities of PHYH and accordingly, PHYH post-spin-off will have no
business, assets or liabilities other than the equity interest in the newly
spun-off Phyhealth and $50,000 in cash.

Robert Trinka, Phyhealth's CEO, stated, "After more than a year in process,
we are pleased the spin-off registration has been declared effective on November
9, 2010. We are very excited about the opportunities the company can now pursue
under the new structure. Given the initiatives we have underway, we believe this
restructuring will enhance our capital structure for the benefit of investors
and better enable us to seize upon the opportunities in the fast-evolving
healthcare market place."

"As a result of the restructuring, our business model remains unchanged, and
consists of developing community health plans in partnership with physicians.
The restructuring removes a barrier for obtaining regulatory approval to receive
an HMO Certificate of Authority and gives us a platform on which the Company can
raise the additional funds needed to implement our community health plan
model."

Phyhealth also offers, through its subsidiary, Phyhealth Underwriters, Inc.
("Underwriters") and its affiliate Physhield Insurance Exchange, a Risk
Retention Group ("Physhield"), medical professional liability insurance
(medical malpractice) to physicians.

Mr. Trinka continued, "Complementary to our community health plan model, we
are marketing our Physhield medical malpractice insurance program aimed at
qualified physicians and physician groups. The Physhield program provides an
immediate revenue opportunity, and we plan to develop Physhield as an
independent business segment. Physhield has now been registered and authorized
to do business in Maryland, the District of Columbia, Nevada, Texas, California
and Florida. We are aggressively marketing Physhield in Maryland and DC through
our Managing General Agent, Palumbo & Associates. We are pleased with the strong
early response to our marketing initiative and expect to underwrite physicians
and generate premium revenue in the first quarter of 2011."

The trading of PYHH stock is expected to begin shortly through Spartan
Securities Group, Ltd., the initial market maker. All stockholders and their
brokers are encouraged to contact Mr. Harry Jameson, Managing Partner, directly
at 727-502-0508 concerning PYHH transactions.

Investors are encouraged to review the company's Form 424B3 filed with the
Securities and Exchange Commission on November 12, 2010. The filing is available
in its entirety at:


http://sec.gov/Archives/edgar/data/1472174/000147793210000849/phyhealth_424b3.htm

About Physicians Healthcare Management Group, Inc.

Phyhealth develops fully integrated healthcare organizations in partnership with
physicians. Phyhealth Plans are designed to preserve the physician-patient
relationship and deliver high-quality affordable healthcare within its selected
communities. Phyhealth offers a turnkey, prepaid health plan solution to
physicians for their individual patients who prefer to choose their own doctor
and who make their own healthcare insurance purchasing decisions. Phyhealth
Plans are unique in integrating all aspects of the delivery and financing of
care, including providing medical liability insurance protection through
Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The
Phyhealth model empowers physicians to proactively manage their patient's
general health and medical care and enhances physician financial rewards by
increasing practice revenues, reducing expenses and restoring the economic value
(equity) of their medical practices. Phyhealth Underwriters is the
attorney-in-fact for Physhield and has a long-term agreement with Physhield to
manage its operations. Additional information is available at:
http://www.phyhealth.com.

Forward-Looking Statements

This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include statements
regarding the intent, belief or current expectations of Physicians Healthcare
Management Group, Inc., and members of its management as well as the assumptions
on which such statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results.

SOURCE Physicians Healthcare Management Group, Inc.