ER Urgent Care Centers Signs Multimillion Dollar National Infusion Contract Tuesday January 29, 8:30 am ET
MIAMI, FL--(MARKET WIRE)--Jan 29, 2008 -- ER Urgent Care Centers (Other OTC:ERUC.PK - News) is proud to announce that it has signed a national infusion contract with MD Medicare Choice. This contract will consist of IV Therapy, HIV, Cancer, Hormone Therapy, Cell Therapy, Immunotherapy and Pain Management. The program will take place at all ER Urgent Care Center and Doctors Family locations. The financial impact to the company will be approximately $250,000 in income monthly with no increase in overhead. That is an annual estimate of $3 Million to the bottom line of ERUC. In addition it will expose each center to an average of 10 to 15 new patients daily. "This contract will have a tremendous impact to our financials statement. A $3 Million increase in revenues is very significant. 2008 is off to another record year for increase in revenues," said Jerry Miller, ERUC Founder.
Press Release Source: ER Urgent Care Centers
Posted by Peaser on :
Looking for .03 possibly tomorrow.
Posted by Peaser on :
Gonna try and catch this bounce here.
Hopefully at .0095
Posted by Peaser on :
Filled for 201,000 at .01
Posted by Peaser on :
Added more at .009
Posted by Hitman on :
I am in at .009 for 50000 I would think this one would be rocking... What is the problem?
Posted by Peaser on :
Not sure. The chart looks like it's ready to bounce hard, being oversold for so long.
The volume hasn't come in yet.
With the news sounding as good as it is, and the price being where it is, I would think that this could be a nice gainer.
Posted by Hitman on :
Yep.. Even if it is a Scam.... We should have gotten a pop-up some! They did a gr8 job on the news
Posted by Peaser on :
It may just close the gap up this morning before going up. .008 will close the gap.
Posted by Peaser on :
There it is.
Now let's see if we can get some action.
Posted by Peaser on :
.008 should be bottom IMO.
Posted by Hitman on :
Man what a dud this was. I am selling all at .008 for a loss just to get out as quick as i can! Win some and loose some.... Thanks for the post... It should have jumped up... I dont hang in ... If Iget an and a stock goes down for a while, I am out Hope it works gr8 for you man Posted by Hitman on :
Sold at .008 lost $50 plus commission...
Posted by Peaser on :
I hear ya on that. Not sure what is going on with this today.
Posted by Peaser on :
Guess I shoulda waited to buy at .007-.008. geez...
Posted by Bottomfeeder on :
I know why it dropped...I bought in at .0084...I can hold for 5 days or 5 years and it wont move up but the day I sell it will sky rocket.TCLT I got out then it doubled overnight.
Posted by Hitman on :
Yep.. I am out it should go up now.... I realy cant believe what happened to this one today.. I thought I would double by noon or lots before.
Posted by Peaser on :
This could be the reason for the drop in pps. These clowns may have dumped the shares they were given for doing the coverage:
http://www.invest sourceinc.com/company/ER-Urgent-Care-Holdings-Inc/disclaimer
Posted by Bottomfeeder on :
So they created a false bottom by dumping shares for the PR?
Posted by Peaser on :
Might see some action as the noon hour is here.
Posted by Peaser on :
Not a false bottom as it painted the ticker.
Posted by Bottomfeeder on :
I put a stop to the price.I put a buy in at .007 so it should not hit,rarely does anyway.
Posted by Peaser on :
Thanks. lol
Posted by Peaser on :
1 MM left at .008
Posted by Bottomfeeder on :
Like I said "usually" but it just filled at .007..
Posted by Peaser on :
Did a little digging.
ERUC last filed a REGDEX effective on 01-11-2007, and until 01-11-2008.
The REGDEX allowed ERUC to sell up to $1 million in stock over the course of 12 months. The 12 months is up, so I am assuming that this is a positive for the pps, as no new REGDEX's have been filed with the SEC.
If one is filed, run for the hills IMO. If one isn't filed, all is well with me.
Posted by Peaser on :
ER Urgent Care Centers Files Its Form SB-2 With the SEC Wednesday October 10, 4:30 pm ET
MIAMI, FL--(MARKET WIRE)--Oct 10, 2007 -- ER Urgent Care Centers (Other OTC:ERUC.PK - News) is proud to announce that it has filed its SB-2 registration with the Securities and Exchange Commission. The company had announced previously its intention of becoming a fully reporting company under the 1934 Act, and today made it official. The company is next filing to be listed on the OTCBB following the effectiveness of the SB-2. "This is a monumental day for ER Urgent Care Centers; we are now poised to move forward as fully reporting company with the next step -- the OTCBB," said Jerry Miller, Founder. Upon the effectiveness of the registration, we will make a public announcement for the benefit of our shareholders and future shareholders.
$582,813 is the total, according to the SB-2, of how much ERUC pays each year to lease the property where all seven ER Urgent Care Centers are housed:
DESCRIPTION OF PROPERTY
The Company maintains seven (7) facilities at this time. The Company leases all of its real property under long term leases. The following summarizes the locations and lease terms:
North Miami Beach - 700 Ives Dairy Road North Miami Beach Fl. 33179. The Company maintains its corporate headquarters at this location. The original lease was entered into during 2005 and has 3 years remaining. The annual lease payments total $243,504. The lease payment is adjusted annually, based upon increases in taxes and the cost of living formula.
Kendall - Located at 15463 SW 137 Ave. Miami Florida 33177 – The original lease agreement was entered into during 2005 for a term of 4 years, which approximately 2 years remaining under this lease. The annual lease payments total $35,435… The lease payment is adjusted annually, based upon increases in taxes and the cost of living formula.
Hallandale - 213 North Federal Highway Hallandale Beach Fl. 33009. The original lease was entered into during 2004 and has approximately 8 months remaining. The annual lease payments total $$35,856. The lease payment is adjusted annually, based upon increases in taxes and the cost of living formula .
Tampa: 5535 Memorial Highway, Tampa, Florida. The annual lease payment of $58,368 is payable monthly. The original lease was signed in September 2006 for a term of 5 years. The lease payment is adjusted annually, based upon increases in taxes and the cost of living formula.
St. Petersburg - 431 SW Blvd. Saint Petersburg Fl. 33703. The original five year lease was entered into during 2007 and has 4 years and 8 months remaining on its original terms. The annual lease payments total $87,250. The annual lease payment allows for annual increases in rent, based on taxes and cost of living formula.
Deland - 2370 International Speedway Blvd. Deland Fl. 32724. The annual lease payment of $69,600. The original 5 year lease term has 4 years and 10 months remaining. The annual lease payment allows for annual increases in rent, based on taxes and cost of living formula.
Miami Beach - 1041 71st Street Miami Beach Fl. 33141. The Company has entered into this five year lease in August 2007 and will begin making payments in September 2007. The annual lease payment of $52,800.00 is payable monthly. The annual lease payment will increase based on taxes and cost of living formula.
Holders of Our Common Stock
As of October 11, 2007, we had approximately 651shareholders of record of our common stock.
Posted by Peaser on :
Keep an eye on this one over the next few days.
MACD crossover on the chart, might be a good time to pick up some shares for a lot cheaper than I did. geez...
Anyhow, .004 if the dumping is finished of course, might just be a nice entry point.
Might be a good day trade. Holding any Pinksheet or OTCBB for more than a few days can be hazardous to your account.
Posted by a surfer on :
.003 - Daytradin' time!
Posted by JerZeyDeViL on :
Jumped in EOD today at .002. Thinking it could bounce pretty well from this level
Posted by JerZeyDeViL on :
Not too bad of a day...touched .003 for a 50% gain and closed at .0023 for a 15% gain for the day. Still TONS of room for a nice bounce here...WAY oversold
![[Smile]](smile.gif)