PE pennies

[sweetpepperjam]

OPMC - .05 x .07 - One to watch for any spike in volume... No tthat it'll happen.. News posted below... OptimumCare Corporation will be purchasing up to 1,000,000 shares of OPMC stock depending on market conditions. They have released 4 PR's in 2010 with the same paragraph about possibily purchasing 1,000,000 shares... I don't think they have purchased any.. lol

Shares Outstanding 5.91M
Float 3.60M
VIA - Pinksheets from 2003 & Ihub Board...

 0.07 500    OTO 12/17  
   0.05 4000    OTO 12/17  
   0.08 500    OTO 11/02  
   0.0538 1200    OTO 11/01  
   0.08 1000    OTO 10/29  
   0.06 1894    OTO 10/29  
   0.08 3000    OTO 10/15  
   0.07 5000    OTO 10/14  
   0.07 5000    OTO 10/14  
   0.12 400    OTO 09/17  
   0.12 9000    OTO 09/16  
   0.12 1000    OTO 09/16  
   0.12 300    OTO 09/16  
   0.12 400    OTO 09/16  
   0.05 1000    OTO 09/16  
   0.12 500    OTO 09/14  
   0.10 5000    OTO 09/14  
   0.08 5000    OTO 09/13  
   0.08 5000    OTO 09/10  
   0.06 5000    OTO 09/09  
   0.06 2225    OTO 09/09  
   0.06 5000    OTO 09/09  
   0.05 500    OTO 09/09  
   0.06 5000    OTO 09/07  
   0.06 10000    OTO 09/07  
   0.069 4500    OTO 09/07  
   0.065 5000    OTO 09/07  
   0.06 5000    OTO 09/07  
   0.07 2500    OTO 08/06  
   0.07 50000    OTO 07/20 

OptimumCare Corporation Has a Profit of .02 Cents Per Share for the First Nine Months of 2010

LAGUNA NIGUEL, Calif., Dec 22, 2010 (GlobeNewswire via COMTEX) -- OptimumCare Corporation (Pink Sheets:OPMC), a behavioral healthcare and temporary staffing services provider, today reported that the company achieved profitability in the third three months of 2010, as well as the first nine months of 2010.
For the three months ended September 30, 2010, with all figures unaudited, net revenues from continued and discontinued operations were $1,022,494, compared with revenues of $827,431 in the third quarter of the prior year.

Pretax profits for the third quarter ended September 30, 2010 amounted to $12,380, compared with pretax profit of $(84,008) in the prior year's quarter.

For the nine months ended September 30, 2010, with all figures unaudited, net revenues from continued and discontinued operations were $3,081,617, compared with revenues of $2,846,873 in the previous nine months of the prior year.

Pretax profits for the nine months ended September 30, 2010, amounted to $142,628, compared with the pretax profit of $(94,427) in the prior year's nine-month period.

Both the staffing division and Friendship Community Mental Health Center operated profitably for the quarter.

Mr. Ed Johnson, CEO & Chairman of the board, has noted that Friendship Community Mental Health Center, a wholly owned subsidiary of OptimumCare, continues to explore the option of opening another location in the continually growing Phoenix behavioral healthcare marketplace.

Mr. Johnson has stated that considering the current OPMC stock price and current market conditions, OptimumCare Corporation will be purchasing up to 1,000,000 shares of OPMC stock depending on market conditions.

Created in 1987, OptimumCare Corporation provides healthcare services in two industry segments. The Behavioral Health Management Division provides management teams to client hospitals and medical centers on a long-term contract basis to run inpatient and outpatient behavioral health services. The Temporary Health Care Staffing Division provides temporary social workers and other professionals to a broad base of medical and healthcare client sites.

Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation, which may affect facilities, licensing, healthcare reform, which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs, which may affect future sales growth and/or costs of operations.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: OptimumCare Corporation


By Staff

CONTACT: CONTACT: OptimumCare Corporation
Ed Johnson, Chairman & CEO
[phone]
www.optimumcare.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Healthcare & Medical Services
SUBJECT CODE: HEALTH
CORPORATE
Earnings Releases and Operating Results