just showed on my Scottrade also
News for 'SHOM' - (Southern Home Medical Achieves Fifth Consecutive Month of Profitability and Record Revenues in May)
LYMAN, SC, Jun 01, 2011 (MARKETWIRE via COMTEX) -- Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding company providing healthcare services, staffing and dura! ble medical equipment to medical institutions, announced today that it has achieved its fifth consecutive month of profitability and record revenues for the month of May 2011. SHOM projects corporate revenues to exceed $90,000 in May 2011, approximately 32% higher than revenues of approximately $68,000 reported in May 2010. Consolidated net income for the month of May 2011 is expected to exceed $10,000, compared to a net loss of approximately ($10,210) in the same period one year ago.
"We are extremely pleased at the progress we have made this year, which continues our trend of profitability established at year-end December 31, 2010.
Our businesses continue to operate as profit centers and are designed to be replicated nationwide without additional, large capital expenditures. What this means to shareholders is our profitability should continue to rise as we expand
our business locations through the remainder of 2011," said President and CEO of Southern Home Medical Jeff Sarvis. "While we are exceedi ng our expectations month-after-month in terms of revenues and net income, our stock price has yet to parallel our outstanding performance. We anticipate this to change, as we
move to 'fully reporting status' and achieve higher visibility in the financial community."
