Southern Home Medical Provides Corporate Overview for Shareholders and Financial Industry
March 01 2012 - 9:00AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding
Company providing healthcare services, staffing and equipment to
medical institutions, today announces a corporate annual overview
to the shareholders and financial industry for year 2011.
Management is pleased to announce that revenues were up 15.7% &
profits up 114% over calendar year 2010.
Southern Home Medical continued its profitability in 2011. The
Company remains frugal with its balance sheet and has continued
operating without long-term debt. Professional fees were up vs.
last year based on cost associated with protecting the Company and
shareholder interest.
Southern Home Medical has requested from Secretary of State to
reduce outstanding authorized common shares from one (1) Billion to
five hundred million (500) Million. It is management's belief that
the Company should strive to maintain accountability to its
shareholders. This share reduction is an effort to demonstrate to
our shareholders, that we are committed to creating a stock with
value, while limiting dilution.
Southern Home Medical will be open to merger and acquisition
candidates that will allow the Company to develop its footprint
into areas such as staffing, consolidated business services,
medical products, medical billing, administration consulting and
purchasing of a facility or facilities.
Southern Home Medical is very proud of the accomplishments of
its staff. The Company wants to provide its shareholders and
partners a value that will continue to grow while demonstrating
conservative and responsible growth with demands of the
industry.
Mr. Jeff Sarvis, CEO of Southern Home Medical Equipment, Inc.,
states, "It has been my goal as the President & CEO to reduce
debt and increase profitability and shareholder equity." Mr. Sarvis
continues by saying, "It was also my responsibility to create
stability and progress in the changing marketplace. As many of you
are aware, the healthcare market in America is rapidly changing. We
have to be open to the many opportunities that can create growth
opportunities for our Company."
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 Registered Nurses, Licensed Practical Nurses,
Certified Nursing Assistants, Billing Specialist, Customer Service
Specialist, Delivery Techs and Marketing Reps. With contractual
agreements with partner businesses in Charleston, Columbia,
Florence and Greenville, South Carolina; Nashville, Tennessee,
Baltimore, Maryland; Atlanta and Savannah, Georgia. Southern Home
Medical is leveraging the success of these business models to
expand sales opportunities in these areas with medical needs,
equipment and nurse professionals.
Southern Home Medical's application process provides quality
screening of each healthcare professional through the use of
License and CPR validation, Skills Checklist, OSHA & HIPPA
Forms, Background Checks and Drug Screening. Through this process,
Southern Home Medical is able to provide only the best
Professionals to Medical Facilities for the use of all of our
services.
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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Contact: Henry Harrison IR Pro 2.0 407-682-2001 Email Contact
www.irprpro.com www.healthcarestock.net
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