AMHI .008 closed up 100% and also at HOD. Thing is, the company is actually MAKING MONEY! also, low O/S and very lightly traded...could go hugely with a little more volume, fwiw. Company had some nice news today, could get back to multi-pennies soon, imo:
American HealthChoice CEO Dr. J.W. Stucki Provides Company Update 5:00a ET June 24, 2008 (PR NewsWire) American HealthChoice, Inc. (Pink Sheets: AMHI), http://www.americanhealthchoice.com, a medical services company with medical clinics in Texas and Tennessee, today, in an update for Company shareholders, said its net income for the six months ended March 31, 2008, totaled $32,300.
Net income for the second quarter ended March 31, 2008 totaled $47,300. The Company announced that patient billings from its four company-owned clinics and affiliated clinics totaled $2.5 million for the first six months of the current fiscal year.
Finally, the Company announced that it has reached agreement with its lender and debenture holders on a restructuring that will limit stock dilution. "With this restructuring, AMHI is positioned for future growth," said Dr. J.W. Stucki, Chairman and CEO. The Company said it will make cash payment of $7500 a month for the next 26 months as part of the restructuring.
Dr. Stucki said the Company will update shareholders on its telemedicine systems and its OmniBody scan in a news release soon.
American HealthChoice, Inc. Condensed Consolidated Statements of Operations (Unaudited) Six months ended December March March 2007 Q 2008 Q 2008 Patient billings-Company-owned $1,241,400 $1,215,500 $2,456,900 Provision for discount on billings 696,600 675,900 1,372,500 Net patient billings-Company-owned 544,800 539,600 1,084,400 Net retained affiliated 71,000 71,000 142,000 Net clinic billings 615,800 610,600 1,226,400 Clinic expenses 450,700 405,900 856,600 Corporate expenses 159,100 136,400 295,500 Total operating expenses 609,800 542,300 1,152,100 Operating income 6,000 68,300 74,300 Other expenses 21,000 21,000 42,000 Net income (loss) $(15,000) $47,300 $32,300 Average common shares outstanding 153,000,000 160,000,000 157,000,000
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2005 filed with the Securities and Exchange Commission on January 13, 2006.
CONTACT: Dr. J.W. Stucki, CEO American HealthChoice, Inc. 817/837-8000 Paul Knopick E & E Communications 949/707-5365 pknopick@eandecommunications.com
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