SHOM Must Read DD
Toppy? No not yet... Friday the stock brokeout for the second day in a row and the volume continues to increase.
SHOM chart is setting for the perfect Storm next week
SHOM tested 0.0095 friday and pulled back to close at 0.0078
because of friday profit takers
SHOM is going into pennies next week
the main DD that every SHOM investors should read is their business
plan :
Southern Home Medical Equipment Provides Corporate Overview for Shareholders and Financial Industry
Date : 03/07/2011 @ 8:59AM
Source : MarketWire
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding Company providing healthcare services, staffing and equipment to medical institutions, today announces a corporate overview for the shareholders and financial industry. Management would like to address the Company's accomplishments for 2009 and 2010 as well as a roadmap for future development.
Southern Home had its first profitable year in 2009. The Company will soon release financial information for 2010. Based on unaudited numbers the Company predicts another profitable year. As of this date, the Company has eliminated debt while expanding and developing new markets. Under the new management, Southern Home has retired $ 95,643.00 of long-term debt and pleased to announce that the company is currently long-term debt free. Strong financials allow us to pursue new markets along with merger and acquisition opportunities in the forthcoming months.
Through a Board Directive, Southern Home reduced the outstanding authorized shares from four (4) Billion to one (1) Billion in fiscal 2010. It is management's belief that the Company should strive to maintain accountability to its shareholders. This share reduction is an effort to demonstrate to our shareholders, that we are committed to creating a stock with value, rather than a stock with volume.
Over the next few months, Southern Home will begin growing its APNEA RX division. The Company will utilize its respiratory therapist leasing approach to allow facilities access to a certified respiratory therapist as needed, rather than committing to a full-time position. This allows the Company's staff to grow organically, providing much needed services, while at the same time providing facilities with equipment and oxygen, as well as diversified medical equipment products to nursing care locations.
Southern Home has begun to solicit doctors using its at-home sleep apnea testing equipment. Sleep apnea has been one of the fastest growing segments of medicine in recent years. The technology will allow any general physician the ability to test for sleep apnea in a home environment rather than a lab, creating additional revenue for the doctor while providing the Company with the ability to sell or lease breathing apparatuses directly to patients. In addition, the Company has recently retained a 20-year veteran to run its APNEA RX division.
The success of APNEA RX will allow the Company to utilize investments in Encore Medical Staffing, which currently maintains offices in SC, TN, GA, MD & PA. Encore has just finished its 2010 year end profitable, along with growth over the previous year. The combination of these two profitable companies allows us to leverage the Company's platform for centralized accounting, operations, and services. Through its franchising opportunities, Encore will continue to expand territories throughout the US and will allow local and regional partners to service staffing needs in their general areas.
It is Southern Home's intention to seek merger and acquisition candidates during the upcoming months that will allow the Company to develop its footprint into areas such as staffing, consolidated business services, medical products, and facilities.
Southern Home Medical is very proud of the accomplishments of its staff and management. The Company wants to provide its shareholders and partners a value that will continue to grow while demonstrating conservative and responsible growth.
Mr. Jeff Sarvis, CEO of Southern Home Medical Equipment, Inc., states, "After joining Southern Home in August 2007, it has been my goal as the President & CEO to reduce debt and increase profitability and shareholder equity." Mr. Sarvis continues by saying, "It was also my goal to create stability in the marketplace. As many of you are aware, the healthcare market in America is rapidly changing. This change can provide many opportunities for growth for our Company."
About Southern Home Medical Equipment, Inc.
Southern Home Medical Equipment, Inc. is a Holding Company with a focus on servicing the needs of the Healthcare Industry. The Company has quality health care professionals to support hospitals, rehab centers, nursing homes and other medical facilities providing Registered Nurses, Licensed Practical Nurses, Certified Nursing Assistants, Billing Specialist, Customer Service Specialist, Delivery Techs and Marketing Reps. With contractual agreements with partner businesses in Charleston, Columbia, Florence and Greenville, South Carolina; Nashville, Tennessee, Baltimore, Maryland; and Dunwoody, Georgia. Southern Home Medical is leveraging the success of these business models to expand sales opportunities in these area with medical needs and equipment.
Southern Home Medical's application process provides quality screening of each healthcare professional through the use of License and CPR validation, Skill Checklist, OSHA & HIPPA Forms, Background Checks and Drug Screening. Through this process, Southern Home Medical is able to provide only the best Professionals to Medical Facilities for the use of our services.
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