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SPARTANBURG, SC, Jul 31, 2007 (MARKET WIRE via COMTEX) -- Southern Home Medical Equipment, Inc. (PINKSHEETS: SHMM) is pleased to report second quarter revenues of $599,917. Greg Tucker, President and CEO of Southern Home Medical, stated, "We are only seven or eight months into the process of being a publicly traded company, so we are very pleased with our second quarter results. We are building the foundation for a strong nationally represented company. There is a tremendous need for medical and nursing services on a national level, and we are positioned to gain significant market share." The Company owns and operates medical equipment companies, fitness centers, and a rapidly expanding division called Encore Medical Staffing, Inc. Encore Medical Staffing supplies quality healthcare professionals on a per diem and temporary contract basis to hospitals, rehab centers, nursing homes and other medical facilities. The majority of the staffing professionals are Registered Nurses, Licensed Practical Nurses and Certified Nursing Assistants.
Mr. Tucker went on to state, "We are excited about the future of our company and we would encourage those interested to reference our Company website at www.southernhomemed.com."
About Southern Home Medical Equipment, Inc.:
Southern Home Medical is a holding company with a focus on medical equipment and nurse staffing operations. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up and support of Encore Medical Staffing businesses on a national level. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment that includes: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Health & Wellness Division, Southern Home is also poised to move into additional health, wellness, and fitness related businesses to include Ladies Health & Fitness, Inc., a line of company owned and operated fitness centers.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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would have been nice to get in on this on Monday! Any idea what is causing the run?
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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Estimated Market Cap 246,902.477 as of Oct 25, 2007 Outstanding Shares 51,438,016 as of Jun 7, 2007 Authorized Shares 1,000,000,000 as of Nov 2, 2006 Number of Share Holders of Record 1,956 as of Jun 7, 2007 Float 15,221,090 as of Jun 7, 2007
Check their last month news as well, factor in the above and their PR's...My guess is just that. Plus it was a technical pincher...that's why I went in, coupled with the float.
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Good for you, cause it's dropping like a hot potato now. Down 35% from .01 to .0065
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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