OTCDD

[xxrayeyes]

CCLH (OTCBB) Critical Home Care, Inc. Suspends DTC Transfer of its Stock Due to Naked Short Selling Evidence

TUESDAY , DECEMBER 17, 2002 08:00 AM

WESTBURY, N.Y., Dec 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- Critical Home Care, Inc. ("the Company") (OTC Bulletin Board: CCLH) announces the following information regarding naked short selling of the Company's common shares:

Effective December 17, 2002, the Company has become a "certificate only" or "custody only" issuer requiring physical certification of Company ownership for all share transfers. Furthermore, no valid or legally enforceable transfer of CCLH stock can be made through Depository Trust Corporation ("DTC") and/or Canadian Depository For Securities Limited ("CDS") or their nominees. DTC has voluntarily cooperated with the Company to remove CCLH stock from electronic eligibility. Upon listing on the American Stock Exchange, if approved, the Company will reinstate its stock to DTC.

Naked short selling has increased in magnitude since the September 30, 2002 press release that noticed the public of the Company's application to the American Stock Exchange. The Company confirms the following facts:

As of the date of this press release no CRITICAL share options have been exercised.

As at the date of this news release, the Company has issued and outstanding common shares totaling 24, 442, 000 with only 5,750,000 free trading common shares. The Company confirms that of the total 18,692,000 restricted shares issued, none have been, or are ineligible to be pledged, borrowed, or hypothecated or used in any way for any normal short sale coverage.

About Critical Home Care

Critical Home Care, Inc., markets, rents and sells surgical supplies, home respiratory therapy products, orthotics and prosthetics, and durable medical equipment, manufactured by third parties, primarily to individuals residing at home. We also intend to provide pharmacy services in the future. In each line of products and services, Critical Home Care, Inc. provides patients with a variety of clinical services, related products and supplies, most of which are prescribed by a physician as part of an overall plan of treatment. Serving those living on Long Island and in the Five Boroughs of New York. Critical Home Care, Inc. currently maintains six points of service having locations in Rockville Centre, Westbury, Patchogue, Babylon, Woodbury and East Setauket, New York. All clinicians are licensed where required by applicable law. Additional information on Critical Home Care, Inc is available on the Internet at http://www.CriticalHomeCare.com .

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those anticipated or implied in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors. These factors include competition factors, such as, the size and resources of many of our competitors, general economic conditions in both foreign and domestic markets, cyclical factors affecting the home healthcare industry, lack of growth in the home healthcare industry, our ability to comply with government regulations, changes to the way in which home healthcare providers are reimbursed by the government and private insurers, our limited operating history, a failure to manage our business effectively and profitably, our ability to sell both new and existing services and products at a profitable yet competitive price, and the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services. The forward-looking statements contained in this press release speak only as of the date hereof. Additional information with respect to these and other factors that could materially affect the Company is included in the Company's filings with the Securities and Exchange Commission, including its most recent Form 8-K.



Contact:
David Bensol R.Ph.
Critical Home Care, Inc.
[phone]

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X86926307


SOURCE Critical Home Care, Inc.


CONTACT: David Bensol R.Ph. of Critical Home Care, Inc.,
[phone]

URL: http://www.criticalhomecare.com
http://www.prnewswire.com



Copyright (C) 2002 PR Newswire. All rights reserved.



Disclaimer
http://www.investorshub.com/boards/read_msg.asp?message_id=135097