Arcadia Resources Inc fka ACDI

[Theo]

News:
1)http://biz.yahoo.com/prnews/051003/dem031.html?.v=17
2)http://biz.yahoo.com/prnews/051003/dem034.html?.v=13
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Arcadia Resources Closes $31 Million Private Placement to Accelerate M&A Strategy
Monday October 3, 2:40 pm ET

SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), a leading provider of home care and staffing services, mail-order pharmacy and durable medical equipment ("DME"), announced today that it has completed its private placement financing totaling $31 million. The net proceeds have been used to recapitalize the balance sheet of the Company, with the remainder earmarked to fund merger and acquisition activities. Details of the transaction can be found in the Company's Form 8-K filed at http://www.sec.gov on September 30, 2005. John E. Elliott II, chairman and CEO of Arcadia Resources, Inc., stated, "With this substantial funding, we have strengthened our balance sheet, including eliminating approximately $23 million or 75% of our interest-bearing debt. We are now in a more favorable position to step up the Company's acquisition momentum within the home health care services industry. In addition to strategic M&A activities, this funding supports the execution of enhanced marketing programs and should help facilitate expansion among our local service providers, including growing our kiosk presence within select Sears stores. We expect to continue to advance our position as one of the nation's leading integrated home health care services providers."
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Arcadia Resources Opens Home Health Care Centers at Six Detroit-Area Sears Stores
Monday October 3, 3:21 pm ET

SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), as a licensed business partner of Sears, Roebuck and Co., announced today that it has launched "Sears Home Health Care," a dedicated store area for products that promote home care, personal independence and medical well-being. The Home Health Care centers are now operating in six Sears stores in the metropolitan Detroit area. Arcadia Resources created the concept and is responsible for the development and operation of Sears Home Health Care centers. Arcadia Resources is a leading national provider of home care and staffing services, mail-order pharmacy and durable medical equipment (DME).

Detroit was selected for the launch because it is one of Sears' strongest markets in the United States. In addition, the Detroit market has a significant population of active consumers in their late 40s through their 70s and 80s, a primary target for the new Sears Home Health Care centers.

"The Sears Home Health Care centers are designed to serve the growing population of adults who are seeking homecare solutions that allow them to maintain an active and independent lifestyle," said John Elliott II, chairman and CEO of Arcadia Resources, Inc. "While many of the products benefit consumers of all ages, there is a specific need among mature adults for homecare products and medical equipment that help them achieve and preserve the lifestyle they desire."

Sears Home Health Care centers feature a distinct identity to distinguish them from surrounding products and departments. Each center includes more than 1,000 products ranging from mobility devices such as wheelchairs, scooters, stairway lifts and walkers, to orthopedic support, bathroom safety and adjustable beds.

"Sears Home Health Care centers make it possible for people to shop for home health care products in a comfortable setting staffed by experienced health professionals," said Larry Kuhnert, President of Arcadia Resources, Inc.