News for 'SHOM' - (Southern Home Medical Announces a Reduction in Outstanding Preferred and Common Shares)
LYMAN, S.C., Oct. 19, 2012 /PRNewswire via COMTEX/ -- Southern Home Medical,
Inc. (OTCPK: SHOM), a holding Company providing healthcare services, staffing
and equipment to medical institu! tions, announced today that it has reduced its
issued and outstanding Preferred C share total by retiring 6,000,000 shares
leaving a total issued of 10,131,250. The company is also pleased to announce
that during the month of August it retired 9,250,000 shares of common stock
leaving total of 234,510,122 issued and outstanding.
Southern Home Medical is dedicated to its shareholders to take a position of
strength and unwillingness to compromise with entities that have not fulfilled
the services promised to the Company. These actions taken by the Company
reinforces its commitment to rein in unnecessary dilution thus strengthening the
shareholder value of its stockholders.
"We are pleased with our progress into the last half of 2012. Opportunities to
grow this Company continue to come our way and we are optimistic they will come
to fruition soon," said President and CEO of Southern Home Medical, Jeff Sarvis.
About Southern Home! Medical, Inc.
Southern Home Medical, 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 specialist, customer service
specialist, delivery techs, and marketing reps. The has contractual agreements
with partner businesses in Columbia, Florence, Charleston, Greenville and Lake
Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland; Atlanta,
Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is leveraging the
success of the businesses to expand sales opportunities in these areas of
health, medical, staffing and medical equipment needs. For more information,
visit: www.southernhomemedical.com www.encoremedicalstaffing.com www.apnearx.net
Forward-Looking Statement
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 statements. Such risks,
uncertainties, and factors include, but are not limited to, future capit! al
needs, changes, and delays in product development plans and schedules, or market
acceptance.
Contact:Brittany Toole800-915-0554
SOURCE Southern Home Medical, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
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KEYWORD: South Carolina
INDUSTRY KEYWORD: HEA
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