American HealthChoice, Inc. (AMHI), incorporated in September 1988, owns, operates and manages 12 clinics providing medical, physical therapy and chiropractic services in San Antonio, McAllen, Laredo, San Benito, Corpus Christi and Houston, Texas, and New Orleans, Louisiana. AMHI also has a physical therapy facility at its largest chiropractic clinic. Substantially all of the Company's revenues are derived from chiropractic, physical therapy and medical services provided to individuals living in the vicinity of the clinics. AMHI depends upon third-party payors for reimbursement of approximately 98% of patient services. A substantial percentage of reimbursements for services are received from patient insurance settlements administered by attorneys representing patients with third-party claims.
Chiropractic Services
AMHI owns and operates 10 primary care chiropractic clinics, which are located in suburban areas and serve the general population for their surrounding communities. The services are based on preventative treatment and treatment of the nerve system and body structure, such as the spinal column. Most of the chiropractic clinics have a chiropractor that is complemented with the appropriate support staff.
The marketing services offered by the Company are designed to assist the clinics in developing a patient base through promoting the clinics' services. AMHI provides advice and assistance to the clinics for marketing and advertising. Its patient base is developed through its reputation for quality treatment, patient referrals, printed advertisements and special promotion such as discounts, free initial examinations, open houses, circulars and community participation.
Medical Services
AMHI owns and operates two primary care medical clinics located in San Antonio. The patient source for the Southcross clinic comes from people familiar with the clinic's location, commercial contracts and referrals from attorneys. The San Pedro clinic services are almost exclusively personal injury and worker compensation cases. The patient source for this clinic comes from attorney referrals and chiropractic clinics, including Company-owned clinics in San Antonio.
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AMHI - AMER HLTHCHOICE (OTCBB) Date Open High Low Last Change Volume % Change 08/03/04 0.0300 0.0300 0.0240 0.0270 -0.0010 2519400 -3.57%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 1322595
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 961528
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 716999
American HealthChoice, Inc. provides medical, physical therapy and chiropractic services through primary care medical clinics and chiropractic clinics. AMHI owns and operates 13 clinics in Texas and Louisiana. On July 21 American HealthChoice, Inc. announced revenues for the three month period ended June 30, 2004 were $2,546,000 compared to $1,960,000 in the same period in 2003. Dr. J.W. Stucki, CEO of AMHI stated, "We are very pleased with fiscal year 2004 revenues to date. The last two quarters have been substantially stronger than the same quarters in fiscal year 2003. These current quarter to previous year quarter increases, which are largely driven by our new Affiliated-Revenue program, should continue in our quarter numbers ending September 30, 2004, which historically is the strongest quarter of the fiscal year."
AMHI earlier announced that it had completed the issuance of 20,475,000 shares of its common stock to retire its obligations under a convertible debenture dated August 25, 2000, thereby causing the release of a first lien against the company's accounts receivable. According to Dr. Stucki, "The final conversion of this debt into equity is a positive step for AMHI shareholders. The Company now has the ability to better utilize a very significant asset as an integral part of its corporate finance structure. With revenues increasing and net receivables of approximately $6,000,000, we are no longer restricted to equity funding to finance growth and meet working capital requirements."
In June 2003, the AMHI initiated its Affiliated-Revenue Program to increase patient billings through arrangements with established clinics owned and/or operated by individual doctors. Under this program, AMHI directs patients to these clinics using its established network of patient referral sources comprised of independent marketers and other professionals. The company reports patient billings as revenue and the treating doctor's fee as an expense with payment at the time of collection. The primary financial benefit is additional operating income without new fixed costs such as employee salaries or office rent. The arrangement is equally attractive to the treating doctor because of the increased number of patients and the resulting increased income. To date AMHI has focused on clinics located in and around large Texas cities where there exists no AMHI owned clinics within a 30-minute travel time for prospective patients.
As of June 15, 2004, AMHI has arrangements with fifteen clinics, including two in Austin, two in the Dallas area, and six in the Houston area. According to Dr. J.W. Stucki, CEO of AMHI, "We anticipate adding three to four additional clinics to our Affiliated-Revenue program each quarter. This new source of patient billings will be responsible for a much larger percentage of American HealthChoice's revenue and operating income in the future."
Looks like an undiscovered gem! The fact that insiders own 72% of the outstanding shares... with the CEO holding 45% is sweet. That kind of confidence combined with growing revenues and an innovative "Affiliated-Revenue Program" with non-AMHI clinics says a lot about a company that restructured and is coming back from a Chp. 11 bankruptcy. Place your bets. The train will be leaving the station shortly on this one!
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
posted
if i can only drop $1k on it is it even worth it to get in at 3? I dont know the expectations...thanks
Posts: 35 | Registered: Aug 2004
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posted
Thanks for the heads up Dar even though I couldn't get any. They just posted a deposit yesterday, and it's a 10 day wait for pennies. I put an order in for .026 - but Ameritrade kicked it out because it's an "Unmarginable" security - yet it TOOK and order at .008 for IBZT! Go figure - I KNOW I had to wait 10 days to buy IBZT before. WEIRD!
I thought you were taking a few days off???
Steve
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
Stepped away for a minute and lost my chance to get out. Does anyone think this will run again before the days over?
Posts: 57 | Registered: Jun 2004
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posted
Could bounce between 0.029 and 0.034 waiting on PR. But volume is big and "Supply and Demand" rules the world. With this low of a float, the supply is short, and the demand could dictate. I got in at 0.026 and sold 3/4 of my shares at 0.032. Then got back in again. Volume keeps goin' up or PR either one could take this thing up. A lot of folks take Prowler to heart. I liked the float when I sent the recommendation to them a few weeks back, but figured that thier recommedation would spur it faster than anything else.......and I know that Prowler loves Da Low Float Play.
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
posted
Hey dog nice pick again I was thinking of stepping out at .04 tomorrow unless a huge PR comes out. What ya think? thanks again
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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posted
if it bangs 56 will have broken 52 week high which should bring more buyers....
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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FLOWER MOUND, Texas, Oct. 7 /PRNewswire-FirstCall/ -- American HealthChoice, Inc. (OTC Bulletin Board: AMHI) (the "Company") announced today that revenues for the three month period ended September 30, 2004 were up 23% from the same period in 2003. Total revenue derived from patient billings was $2,760,000 compared to $2,251,000 in 2003. $282,000 of the revenue increase was attributable to the Company's Affiliated-Revenue program, and the remaining $227,000 to Company-owned clinics that have been open for more than one year. Revenue for the twelve-month period ended September 30, 2004 was $9,750,000, a 20% increase compared to the $8,142,000 reported for the twelve- month period that ended September 30, 2003. According to Dr. J.W. Stucki, CEO of AMHI, "We are very pleased with the fourth quarter and total fiscal year 2004 revenue results. The current quarter to previous year quarter increases, which have been primarily driven by our new Affiliated-Revenue program, will likely continue into our fiscal year 2005 and be evident in our quarter numbers for the period that will end December 31, 2004."
About American HealthChoice: American HealthChoice is a medical services company comprised of a parent company and twenty five owned and affiliated medical clinics in Texas.
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 2003 filed with the Securities and Exchange Commission.
SOURCE American HealthChoice, Inc. -0- 10/07/2004 /CONTACT: Equitilink LLC, +1-877-788-1940, or for intl. inquiries, +1-858-824-1940, for American HealthChoice, Inc./ /Web site: http://www.americanhealthchoice.com / (AMHI)
CO: American HealthChoice, Inc. ST: Texas IN: HEA OTC SU: ERN
------------------ 'wid ma mind on ma money an' ma money on ma MIND!!!!!!!
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