LYMAN, S.C., April 4, 2011 /PRNewswire/ -- Southern Home
Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding Company
providing healthcare services, healthcare professionals and
equipment to medical institutions, announced today that the
unaudited results from operations for fiscal year 2010 reflects a
6.6% increase in revenues with profitability over previous 2009
year-end.
Southern Home Medical recorded revenues for 2010 of $809,884 with a net income of $1,820. During the year the Company continued to
retire debt and clean up its balance sheet. Southern Home reports
that its debt has been significantly reduced by approximately
$160,000. The reduced debt is the
result of consolidation and operational improvements as well as
leases for equipment being paid off. These steps coincide with the
Company's focus on streamlining operations.
"I am pleased with these results from several perspectives,"
stated Jeff Sarvis, President and
CEO. "The results are another step toward our goal of completing
the required audits and achieving fully reporting status. All of
this contributes to our ability to grow the company in the future,"
noted Sarvis.
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
RNs, LPNs, CNAs, RTs, Billing Specialists, Customer Service
Specialists, Delivery Techs and Marketing Reps. With contractual
agreements with partner businesses in Charleston, Columbia, Greenville, Florence and Lake Hartwell, South Carolina; Nashville, Tennessee; Baltimore, Maryland; Dunwoody, Georgia; and Philadelphia, Pennsylvania. Southern Home
Medical is leveraging the success of these business models to
expand sales opportunities in these areas with health, medical and
equipment needs.
Forward Looking Statement
The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from acquisitions or actions in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual
results to differ materially from those contained in such
statements. Such risks, uncertainties, and factors include, but are
not limited to, future capital needs, changes, and delays in
product development plans and schedules, or market acceptance.
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SOURCE Southern Home Medical Equipment, Inc.