Replies to post #13720 on Southern Home Medical Inc (SHOM)

[allkinds]

News from Scottrader:
Revenues & Merger Update -- Southern Home Medical, Inc.
GREER, SC--(Marketwired - Mar 7, 2016) - Southern Home Medical, Inc. (OTC PINK: SHOM), a holding company providing healthcare services, staffing and medical equipment to medical institutions, facilities and in-home patients, has some impressive announcements this morning for its shareholders.

Jeffrey L. Sarvis, President & CEO of Southern Home Medical, stated, "These are exciting times for SHOM. In my judgment, based on discussions and activities to date, we are a month or less away from closing on what should be considered a significant merger transaction. When I say significant, I'm saying three things. One, that it will create exponential value & growth for the company. Two, it's in the best interest of our shareholders and three, there's no egos involved in what role I have, if any, in order to allow the overall business to move to the next level."

SHOM finished the year 2015 with $1,140,504 in Revenues, $60,983 in Net Income and $455,512 in Net Assets. The company finished the year with 786,509,863 common shares outstanding and has not increased that number to date. The company is fundamentally sound.

SHOM finished the year poised and financially ready to pursue sale, merger and/or acquisition opportunities and was able to quickly attract interest.

Mr. Sarvis went on to say, "After years of careful stewardship of this company, like anyone would, there are mixed emotions about the future, but this company needs to be positioned to reach its full potential. We are thankful for shareholders who have always believed in our mission and we look forward to sharing more details with each of you within the next 30 days."

[1center]

Thanks for clearing up the IR thing. Nice to know you're human too. :)

I Would also like to find out Encore status in Atlanta...

"Corporate will begin to operate in Atlanta as a corporate operation. Building our base there will take some time but we are confident we will grow to a strong revenue stream in Atlanta."

I think the best is yet to come...

"We have made it clear we will not stay as we are. No person can tell you exactly when or what that will look like but we are committed to a change in the future. We have and are again making that clear. Doing the same old thing of the past is insanity. We wish not to be reckless but risks will be taken. We have said this before and we are telling you again. We’re going to get out of the box and it will come with risk. Remember item #2."

This sounds like the proposed M&A will be through ApnaeRx...

"ApneaRx is still a viable concept especially in an acquisition or merger with a company that has strong plans with capital set aside for growth in the healthcare arena."


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