AMHI has sat stagnant for well over a year, languishing in the $.001-$.003 range. In the company's last quarterly filing they boasted assets of $9 million and annual revenues of over $6 million. I think its safe to say those numbers aren't quite as high these days as back then but even if they are half of what they used to be, this stock should be trading well into the pennies. The outstanding share count is somewhere close to 100 million and the authorized shares are 200 million. Both very reasonable numbers for a stock that could trade well over $.01.
The shareholder update a month ago has really added some fuel to the fire. So not only is this company undervalued on its own, they are also looking to merge with another company. They have a big piece of cheese to lure some prospective companies in the form of a $6 million tax loss carry forward. This is take verbatim from the update last month:
We have recently started looking for a strategic partner to merge with. We have a tax loss carry forward of nearly 6 million dollars, which has real value.
That tax loss carry forward could turn into a nice lure, which will ultimately land the company a big fish. A merger would certainly bolster shares immediately. This is where we want to be, looking at these stocks before the merger actually hits the wires.
We know AMHI is looking for a merger, we know they have a big bone to lure a company to merge with, and we know they still have operations that at once time pulled in $6 million plus a year in revenue. All these pieces add up to a stock that should be trading at much higher levels. Add AMHI to your watch list. It is going to be an interesting year for this stock. A COMPANY MAKING A PROFIT YET UNDER A PENNY! Go Figure! " QUOTE TO REMEMER 0808/08"
We have temporarily taken down our Rehabco and Omnibodyscan websites until we can remove some of the images and or resolve a couple of issues with the manufacturer of the Omnibodyscan. These issues are two fold;
1.Involves negotiations for a new cost associated with our private label, as we did not hit our targeted sales during the first twelve months.
2.Involves lack of support from the manufacture under the manufacturers warrantee.
The majority of American Health Choice, Inc. revenue continues to come from its clinic operations. We continue to operate very lean, without the CEO drawing a salary. We have been able to remain current on our accounts payables and have implemented some new protocol to help with collections.
We did get a quote for an audit approximately a year ago and it came in just over 100,000. Needless to say, we do not have this kind of cash flow to conduct the audit. It is our understanding that we will only need to go back two years, therefore this number should be considerably less with September 2010 year end. At that time we will look at and seek a quote once again.
As some of you know, our affiliate clinic business dropped off due to the fact that the Doc’s at the affiliate clinics were collecting our money and keeping it. Therefore we stopped sending them patients. We are owed well in excess of 150,000 and have recently engaged a law firm to go after this money. We are slowly ramping the affiliate program back up, but with better controls in place.
Our telemedicine business is growing slowly and we recently re obtained the domain name http;//www.Telmedco.com
We have recently started looking for a strategic partner to merge with. We have a tax loss carry forward of nearly 6 million dollars, which has real value. In order to maintain this value in the tax loss carry forward the company must be in a like or similar business i.e.…healthcare.
In early 2008, Texas Health Partners publicly announced plans to develop a hospital complex to meet the needs of rapidly growing communities in Southern Denton County. After seeking input from physicians practicing in those communities and considering many possible locations in several cities, it was decided that the new hospital would be located in The River Walk at Central Park, a development project in the Town of Flower Mound. The Flower Mound Town Council gave the green light to the development in August 2008, and Texas Health Partners began moving forward on construction.
Throughout the development process, physician partners participated with Texas Health Partners in preliminary designs for the new hospital. More than 80 physician investors committed to this partnership and the hospital is expected to open April 30, 2010.
MISSION To improve the health of the people in our community and in doing so, provide our customers (patients, families, and physicians) with an exceptional experience, anticipating their needs and exceeding their expectations in service and quality of care received.
VISION We will strive to be a place where: · Patients choose to come for healthcare · Physicians want to practice and · Employees want to work
We will achieve our mission by embracing these key principles: · Service To continually develop a culture with a passion for providing exceptional quality service. · Quality To put forth best practices to ensure optimal clinical outcomes, which meet high ethical and clinical standards of care and safeguard the integrity and safety of our patients and employees. · Cost To utilize systems and processes to manage cost and ensure the effective use of resources. · People To select the right people (employees, physicians and volunteers) and empower them through education, training, and recognition. · Growth To initiate new programs and services that complements the needs of the community and the skill of our staff.
VALUES We strive to always put the patient and others first by embracing the following service excellence values: · Reliability – striving to provide care and service with dependability and accuracy · Responsiveness – always willing to help our patients and others promptly · Assurance – interacting with patients and others in a way that conveys trust, competency, and confidence · Image – conveying a positive, professional image. · Safety – always striving to maintain a safe and secure environment · Empathy/Compassion – conveying genuine caring and concern
[-chart]www.omnibodyscan.com/graphics/flash.jpg[-/chart] RehabCo's first product will be the OmniBody Scan, an infrared imaging camera. The OmniBody Scan will be an adjunct diagnostic tool to highlight areas of abnormality within the body. When the OmniBody Scan is used as an adjunct tool, it will be able to identify problems early enough for prevention and treatment. Our initial focus will be the worldwide problem of breast cancer. The dilemma that all women have is that having X-rays to detect cancer may cause cancer. The OmniBody Scan will be a non-invasive tool that will have no harmful side effects.
AMHI consists of 3 main subsidiaries
1. AHC Medical Clinics - Consists of both company owned and affiliated medical clinics. The Division's strategic business model for its Affiliated Clinic Program has two components. First, a medical clinic owned by a physician with an established patient base and experience in treating personal injury and workers compensation patients. Second, multiple marketing resources to direct prospective patients to the clinic.
2. RehabCo Inc. - RehabCo has exited the business of spinal decompression and entered the business of distributing revolutionary and cost effective medical solutions. It is not our goal to manufacture or distribute commodity products. Rather, as a division of American HealthChoice, our goal is to provide medical equipment solutions that are technologically ahead of the curve. RehabCo has an internet website at http://www.Rehabco.com
3. TelMedCo Solutions, Inc. - formed in June 2005 to embrace the revolutionary technology of Telemedicine and to provide second opinions to patients of the Medical Clinics Division.
TelmedCo has recently joined forces with Aastra Telecom, a North American business unit of Aastra Technologies Limited. Aastra Telecom is a supplier to Verizon and a partner with BroadSoft, Sylantro, Metaswitch, Asterisk and other VoIP leading edge companies. Another reason that TelmedCo chose Aastra Telecom is their "roaming" or "mobility" solution.
Currently TelmedCo provides second opinions to company-owned and affiliated clinics as well as four clinics outside the Division's network. As of September 30, 2005 TelmedCo had 8 Production systems in place. In December of 2005 TelmedCo put in place the infrastructure to expand into Tennessee. This will bring the total number of systems to 14 production and two test systems. TelmedCo will continue to expand in Texas and Tennessee as well as in other states.
Telemedicine is the use of technologies such as video conferencing and electronic medical devices, combined with medical practices, and medical specialists that are organized and connected to provide health care services over telecommunications network to patients that are separated from the doctors by distance. TelmedCo's Telemedicine solution provides healthcare to patients by utilizing digital technology, including electronic stethoscopes, ophthalmoscopes and otoscopes, which virtually connect the patient to the doctor. The initial roll out using this emerging technology has been among company-owned and affiliated clinics as well as clinics outside the American HealthChoice umbrella. The revenue stream comes from second opinions provided by physicians of the Medical Clinics Division.
Key Financials - Shares Authorized 200,000,000 as of 3/30/2007 - Shares Outstanding 165,000,000 as of 9/15/2008 - Float 50.4 million as of 3/30/2007
Known Key Financials as of ~1/10/2007 - Institutional Ownership (%) .20(Geduld & Co 175,000) - Top 10 Institutions (%) .20 - 5%/Insider Ownership (%) 54.86
--Insider Ownership = 52,710,041 common shares 48.7% --2005 Revenue at $11.5 million --2005 $763,107.00 operating income --2005 Basic Fully Diluted EPS .01 --2006 EST Revenue $17-20 million
Love Those Boomers Their new attitudes and lifestyles are a marketer's dream: http://www.businessweek.com/magazine/content/05_43/b3956201.htm [color=green] WEBSITE; American HealthChoice, Inc. ("AMHI") American HealthChoice, Inc. is a medical "solutions" company. We moved to a new corporate office. It is new construction, very upscale and directly across the street from the new hospital that will be opening the first of 2010. Our current address is 4300 Windsor Circle Trail. Flower Mound , Texas 75028 Our goal is to provide high quality medical services and products nationally and internationally.
The Company began operations in 1994 and has since grown substantially, paying off debt, increasing revenues and constantly searching for new medical-based solutions. American HealthChoice operates as AHC Clinics, Telmedco and RehabCo. The Company's main telephone number is (817) 837-8000; fax number is (817)-837-8004. The Company has approximately 35 full-time employees
The medical clinics are located throughout the Southeast USA. We presently own and operate 8 company-owned clinics and have another 35 clinics in our Affiliated Clinic Program. We recently sold a number of clinics in order to pay off debt and bolster our ability to build new revenue producing business entities. Telmedco provides second opinions to company-owned and affiliated clinics as well as four clinics outside the Division's network.
RehabCo recently reorganized and is no longer selling spinal decompression technology. RehabCo's new mandate is to distribute or manufacture "revolutionary" new medical products at a cost substantially below other similar or competing products. To that end, we are constantly searching for medical solutions that are ahead of the competition.
The Business of Medical Infrared Imaging - OmniBody Scan - click here for PDF
Our first medical equipment product is the OmniBody Scan, an absolutely revolutionary and unmatched infrared imaging solution. The OmniBody Scan highlights areas of abnormality within the body and directs both the clinician and patient to those areas for further diagnosis. The infrared image is non-invasive and has no harmful side effects. An X-ray, on the other hand, has potentially very harmful side effects from radiation. One of the major health problems that the OmniBody Scan will target is breast cancer. The sensitivity of the lens allows for a body scan image and detail not yet seen in a medical infrared imaging product. RehabCo also offers "image reading" services to both the patient and clinician through licensed thermographers. For more information, please go to the RehabCo or the OmniBody Scan website or contact Pat McGlashan at boston127@verizon.net or 817-837-8000, ext. 222.
Corporate Offices, 4300 Windsor Centre Trail Suite 100, Flower Mound, Texas 75028 Tel: (817) 837-8000 Fax: (817) 837-8004
Current News: SHAREHOLDER UPDATE American Health Choice Releases 2006, 2007 & 2008 Tax Returns Update on lawsuit American HealthChoice announces Shareholder update and Unaudited Financials.
Current News & Updates... ~ [Sign Up for Email Updates Here]
October 19, 2009 Contact: Dr. Stucki http://www.americanhealthchoice.com/articles.cfm?art_ID=76 SHAREHOLDER UPDATE For Immediate Release We have recently posted year-end financials on our website for AHC Chiropractic Clinic, Inc. for the years ending 2006, 2007, and 2008. Please note that this does not include AHC Physicians or Rehabco, which are both cash flow positive. I do not expect the consolidated financials to be available for a couple of months, but we will post them when they are completed.
The clinics continue to be our primary source of income. We have recently re-launched our affiliate program, but with tighter controls. Several doctors formerly in our affiliate program, collected money, but did not pay us. While we continue efforts to collect the debts owed, we are very optimistic about the future of this program.
Camera sales (Omni Bodyscan) have been slower than anticipated. We sold the marketing rights to the camera in Texas and Tennessee and have been disappointed in those who have purchased the rights. The contracts were based on minimum sales in each of the first two years. We are in the process of establishing an in-house sales force to help us move cameras forward.
SIC: 8011 - SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE State location: TX | State of Inc.: NY | Fiscal Year End: 0930 (Assistant Director Office No 1) Get insider transactions for this issuer.
Quotes, Company Info, Filings, News, Short Interest ... American HealthChoice, Inc. - AMHI: Pink Sheets No Information - Quote, Trade data, Level 2 Montage, OTC Securities, 52 Week High and Low, Inside Bid and Ask, Market ... www.pinksheets.com/pink/quote/quote.jsp?symbol=amhi - Cached
American HealthChoice, A Medical Solutions Company, Flower Mound ...American HealthChoice, Inc. ("AMHI") American HealthChoice, Inc. is a medical "solutions" company. We moved to a new corporate office. ... www.americanhealthchoice.com/
TA; Template: 07/22/2009---RSI-MACD-FULLSTO-ULT-VOLUME-50MA-200MA-BB COLOR BLIND. Template: 07/22/2009---RSI-MACD-FULLSTO-ULT-VOLUME-50MA-200MA-BB COLOR BLIND. [-chart]stockcharts.com/c-sc/sc?s=amhi&p=D&yr=0&mn=3&dy=15&i=p47868087965&a=173461334&r=537[-/chart]
TWO YEAR CHART: 5/23/09 [-chart]charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-524-03NA000000amhi-&SF:6|8|27-SH:8=200|27=10-WD=539-HT=395-[-/chart] TWO YEAR CHART: 5/23/09 [-chart]charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-524-03NA000000amhi-&SF:6|8|27-SH:8=200|27=10-WD=539-HT=395-[-/chart]
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2 yr.,,,50-200ma,,,RSI- Volume - MACD --- green background. [-chart]stockcharts.com/c-sc/sc?s=amhi&p=D&yr=2&mn=0&dy=0&i=p91190925640&r=3232[-/chart]
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