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Author Topic: PHYH. Low floater watch for a run next week.
gumzsa
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Picked me up some PHYH at .0020. Im am likin the PR barrage and buybacks should continue next week. This thing is going to pop big time imo.


O/S.......156,302,528
Float......88,593,668
Insider
ownership..72,100,000


Phyhealth Announces Stock Buyback Program

MIAMI, Oct 30, 2008 /PRNewswire via COMTEX/ -- MIAMI, Oct. 30 /PRNewswire-FirstCall/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced that its board of directors has approved a stock buyback program to purchase up to 5% of the Company's outstanding Common Stock.
The shares will be purchased on the open market at the market price. The purchases will be made at the Company's discretion and can begin 24 hours after the release of Phyhealth's third quarter financial statements and will continue for up to 60 days. Market conditions will influence the timing of the buyback transactions and the number of shares repurchased. The repurchased shares will be held by the Company as Treasury Stock for future use at the Company's discretion.

As of September 30, 2008, Phyhealth had 156,073,725 common shares outstanding. The Company's third quarter financial statements, which are due to be released at the end of October will reflect total assets of $3,504,956 of which $3,466,217 is held in cash and restricted cash designated for the operation and development of the Company's Pilot HMO. This compares with $57,713 in total assets and $32,653 in cash at the end of the 2007 fiscal year. The Company has total liabilities of $24,608 as of September 30, 2008 compared to $1,486,916 at December 31, 2007.

Mr. Robert Trinka, chairman and chief executive officer, commented, "The board and senior management team of Phyhealth believe that the current market environment has presented a unique opportunity to buy back shares of the Company at an attractive valuation, which will help to reduce the number of common shares available for trading in the market. We plan to hold these shares in the Treasury, which can be utilized in the event of a potential acquisition or to incentivize future employees. We remain extremely excited about the long-term growth prospects for the company and believe this step further illustrates our confidence in the business."

About Physicians Healthcare Management Group, Inc.

Phyhealth is a developer of fully integrated healthcare organizations in partnership with physicians. Phyhealth Plans preserve the physician-patient relationship in order to deliver high-quality affordable healthcare within its selected communities. Phyhealth offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. Phyhealth Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The Phyhealth model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com.

SOURCE Physicians Healthcare Management Group, Inc.


Phyhealth Issues 2008 Third Quarter Financial Statements

MIAMI, Oct 30, 2008 /PRNewswire-FirstCall via COMTEX/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced that it has issued its financial statements for the quarter ended September 30, 2008. The financials are being posted today on the Pink Sheets. As a result of filing its updated financials, Phyhealth expects to qualify for the "Current Information" designation (identified by a Pink Checkmark icon) by the Pink Sheets.
Mr. Robert Trinka, chairman and chief executive officer, stated, "The 2008 third quarter financials show the strengthening of our balance sheet, due in part to our August 2008 debt to equity conversion. This conversion was an important step forward for the Company in the regulatory approval process for the Certificate of Authority necessary to operate our Pilot HMO. These financial statements together with our audited 2006 and 2007 financials represent our ongoing commitment to full transparency for the Company's shareholders, business partners and the larger investment community."

As previously disclosed, as of September 30, 2008, the Company held total assets of $3,504,956, of which, $3,466,217 was held in cash and restricted cash designated for the operation and development of the Company's Pilot HMO. This compares with $57,713 in total assets and $32,653 in cash at the end of the 2007 fiscal year. The Company had total liabilities of $24,608 as of September 30, 2008 compared to $1,486,916 at December 31, 2007.

About Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patient's general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com.

SOURCE Physicians Healthcare Management Group, Inc.

Phyhealth Completes $250,000 Funding

MIAMI, Oct 29, 2008 /PRNewswire-FirstCall via COMTEX/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced the signing of a $250,000 Note with The Nutmeg Group, LLC. The funding provides Phyhealth with additional working capital to support its general corporate regulatory and business development activities.
The Company currently has an additional $3,500,000 in cash, which is designated for developing and funding its Pilot HMO.

The note matures on September 30, 2010 and earns interest based on a formula tied to the Company's common stock price. The holder of the note is also entitled to dividends if the Company declares dividends to any of its stockholders. The Company can elect to pay the principal and interest under the Note with either cash or common stock.

Mr. Robert Trinka, chairman and chief executive officer, commented, "We view this latest funding as another important step toward creating our unique 21st century healthcare system in which Phyhealth works in concert with practicing physicians and their patients to tailor healthcare solutions that deliver the highest quality care at a superior value to all segments of the community."

About Physicians Healthcare Management Group, Inc.

Phyhealth is a developer of fully integrated healthcare organizations in partnership with physicians. Phyhealth Plans preserve the physician-patient relationship in order to deliver high-quality affordable healthcare within its selected communities. Phyhealth offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. Phyhealth Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The Phyhealth model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Complete terms of the Note will be disclosed in the Company's financial statements for the quarter ending September 30, 2008, due to be released at October month end.

SOURCE Physicians Healthcare Management Group, Inc.


Phyhealth Provides Update to Shareholders

MIAMI, Oct 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today released the following letter to its shareholders:
Dear Phyhealth Shareholder:

Since our last communication in June 2008, much has happened. I want to update you on the Company's progress on two of Phyhealth's 2008 key objectives.

First is the Company's application for its HMO Certificate of Authority ("COA") filed earlier this year with the Office of Insurance Regulation ("OIR") in Florida.

Phyhealth Plan Corporation initially filed state and federal applications for its Pilot HMO in February 2008, and we anticipated receiving our COA and qualifying for entry into the Medicare Advantage market in January 2009. Phyhealth Plan itself met the initial regulatory financial requirements for the COA; however, in the judgment of the regulators, Phyhealth, as the HMO's ultimate parent, was not qualified to be the HMO's backup funding entity, given its capital structure at the time. We chose to voluntarily withdraw our application while we made the necessary changes to Phyhealth's financial and capital structure for it to meet the prescribed regulatory requirements.

Phyhealth used convertible notes to secure the $4 million in funding required to start the Pilot HMO. This created substantial debt on the Company's balance sheet, which was a concern for the regulators. It was therefore necessary for Phyhealth to convert its existing debt to equity and strengthen its balance sheet. This has now been accomplished, as all noteholders exchanged their notes for a new series of non-interest-bearing Preferred B shares. The details of this restructuring will be reflected in the Company's third quarter financial statements, which we plan to release later this month.

The Company is now positioned to re-file Phyhealth Plan's COA application with the Florida regulators. The actuaries have completed the revised HMO operations plan, which provides for entry into the individual and small group markets in 2009. Upon the issue of the COA, the Company would begin generating premium revenue in the second or third quarter of 2009. In addition, the Company plans to re-file its application for Medicare certification with the Centers for Medicare and Medicaid Services (CMS), which when approved, would enable the Company to generate revenue from its Medicare Advantage program in early 2010.

As previously reported, we successfully completed our audit for the year ending December 31, 2007, and by issuing the upcoming 2008 third quarter financial statements, the Company will be on track to file an S-1 registration with the SEC and a Form 211 with FINRA to make Phyhealth a fully reporting Company traded on the OTC Bulletin Board by early 2009.

We are in the midst of turbulent times, but the Phyhealth community health plan model giving physicians the authority and accountability for end-to-end management of their patients' healthcare continues to be a real solution for addressing the dual challenges of controlling the nation's escalating healthcare costs and providing across-the-board access to affordable health insurance coverage.

Sincerely,

Robert L. Trinka

Chairman & CEO

About Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patient's general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com.

SOURCE Physicians Healthcare Management Group, Inc.

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gumzsa
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UP 100% on just 55 k. If this gets more volume pennyland fo sho.
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thadchr
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Nice hit man. Keep us updated on your future trades with this.
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gumzsa
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Up 150%!!!! .05 potential here and fast imo.
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gumzsa
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Buybacks in progress 1 left at .0050 and bid building at .004. 3 million dollars cash on hand. Just getting started here.
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sunny
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nice one!
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gumzsa
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Bid uptick out the gate. .0050 x .0060. we get volume pennyland in no time.
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