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Thursday, May 26, 2011 11:58:45 AM
LYMAN, SC, May 26, 2011 (MARKETWIRE via COMTEX) -- Southern Home Medical
Equipment, Inc. (PINKSHEETS: SHOM), a holding company providing healthcare
s! ervices, staffing and durable medical equipment to medical institutions,
announced today that year-to-date 2011, the Company has accomplished a number of
financial and operational improvements that can propel its corporate growth
throughout 2011.
For the month of April 2011, consolidated corporate revenues grew 46% and net
income was up 176% year-over-year. SHOM reiterated its previously announced
guidance calling for total corporate revenues of $1.3 Million in 2011.
Additionally, the Company highlighted a number of operational program
investments initiated to-date, which include:
-- Preparing the Company to become a fully reporting entity in the second
half of 2011;
-- Initial certifications and deployments of the innovative Respi-care
respiratory therapy program in selected markets;
-- Launched new websites for Sou! thern Home Medical and its respiratory
division, APNEA Rx, both of which are designed to enhance business
operations and the companies' market presence;
-- Development and roll-out of Backstage Solutions, the Company's
Web-based healthcare operations platform, to all Southern Home
locations;
-- Added concern reporting, compliance management and resolution
Web-based solutions to Backstage Solutions;
-- Signed letter of intent to merge with a network of medical clinics
based in the Washington, DC area.
"After two years of focusing on solidifying all the parts of the Company's
operations, our teams have now turned their skills and energy toward putting our
programs into action. As a result, we continue to report improved operating
efficiencies and revenue growth, as evidenced by our stro! ng profitable results
for April," stated President and CEO of Southern Home Medical, Jeff Sarvis.
"While we are pleased to have entered this phase of our evolution, we are keenly
aware that achieving our goals and opportunities demands additional resources
and attention. The achievements to-date in 2011 have positioned us well to meet
our objectives for the remainder of the year."
Teleconference Southern Home Medical will host a conference call today,
Thursday, May 26, 2011 at 4:15 pm Eastern Time, to discuss these operational
improvements in greater detail. All shareholders, potential investors and
interested parties are invited to attend. To participate on the call, please
dial 1-719-955-1371 or 1-888-450-5996 (toll-free) and enter code 220185
approximately 5 to 10 minutes prior to the start of the call. Discussion by
management will be followed by a Q&A session to address questions submitted by
attendees prior to the start of th! e call via email to
info@southernhomemedical.com. A replay of the c all will be available the
following day on the Company's website at www.southernhomemedical.com.
About Southern Home Medical Equipment, Inc. Southern Home Medical Equipment,
Inc. is a holding company with a focus on servicing the needs of the U.S.
healthcare industry. The Company has quality health care professionals to
address national shortages in hospitals, rehab centers, nursing homes and other
medical facilities. Personnel are available 24/7/365 and include: RN's, LPN's,
CNA's, RT's, billing specialists, customer service specialists, delivery techs
and marketing reps. The Company has contractual agreements with partner
businesses located in Charleston, Columbia, Greenville, Florence and Lake
Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland;
Dunwoody, Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is
leveraging the success of these business models to expand sales opportunities in
these areas! of health, medical, staffing and durable medical equipment needs.
For more information, visit www.southernhomemedical.com.
The statements in the press release that relate to the Company's expectations
with regard to the future impact on the Company's results from acquisitions or
actions in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this press release, the words "anticipate,"
"believe," "estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual results to
differ materially from those contained in such sta! tements. Such risks,
uncertainties, and factors include, but are no t limited to, future capital
needs, changes, and delays in product development plans and schedules, or market
acceptance.
Contact:
Henry Harrison
IR Pro 2.0
407-682-2001
www.irprpro.com
www.healthcarestock.net
SOURCE: Southern Home Medical Equipment, Inc.
CONTACT: http://www.irprpro.com/
http://www.healthcarestock.net/
Copyright 2011 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Medical and Healthcare:Healthcare
Medical and Healthcare:Medical Devices
&! nbsp; Professional Services:Human Resources
Medical and Healthcare:Nursing
Pharmaceuticals and Biotech:Equipment and Supplies
Medical and Healthcare:Facilities and Providers
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