AAC Holdings Releases New Date for Third Quarter 2019 Earnings Release and Conference Call
November 06 2019 - 5:28PM
AAC Holdings, Inc. (OTC: AACH) today announced a new date for the
release of its results for the third quarter of 2019. The Company
plans to issue its earnings release before the market opens on
Tuesday, November 12, 2019, and will host a conference call and
live webcast on the same day at 9 a.m. CDT to discuss business
highlights and financial performance for the period.
“Currently, the Company expects sequential positive operating
results for the third consecutive quarter,” said American Addiction
Centers.
The number to call for this interactive teleconference is
1-877-224-7960. A replay of the conference call will be available
through November 26, 2019, by dialing 1-877-344-7529 and entering
the replay access code, 1013610.
The live audio webcast of the Company's quarterly conference
call will be available online in the Investor Relations section of
the Company's website at ir.americanaddictioncenters.org, and the
online replay will be available approximately one hour after the
end of the call.
About American Addiction Centers American
Addiction Centers is a leading provider of inpatient and outpatient
substance abuse treatment services. We treat clients who are
struggling with drug addiction, alcohol addiction, and co-occurring
mental/behavioral health issues. We currently operate substance
abuse treatment facilities located throughout the United States.
These facilities are focused on delivering effective clinical care
and treatment solutions. For more information, please find us at
AmericanAddictionCenters.org or follow us on Twitter
@AAC_Tweet.
Forward Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. These forward-looking
statements are made only as of the date of this release. In some
cases, you can identify forward-looking statements by terms such as
“anticipates,” “believes,” “could,” “estimates,” “expects,” “may,”
“potential,” “predicts,” “projects,” “should,” “will,” “would,” and
similar expressions intended to identify forward-looking
statements, although not all forward-looking statements contain
these words. Forward-looking statements in this release include
statements regarding AAC Holdings, Inc.’s (collectively with its
subsidiaries; “AAC Holdings” or the “Company”) possible or assumed
future operating results and outlook. These statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual result or timing to be materially different from
the information contained in any forward-looking statements. These
risks, uncertainties and other factors include, without limitation:
(i) the Company’s inability to meet the covenants in the Company’s
loan documents or lack of borrowing capacity; (ii) the
Company’s inability to successfully raise capital to meet the
Company’s liquidity needs and to allow it to continue to operate as
a going concern; (iii) the Company’s inability to effectively
operate its facilities; (iv) the Company’s reliance on its sales
and marketing program to continuously attract and enroll clients;
(v) a reduction in reimbursement rates by certain third-party
payors for inpatient and outpatient services and point-of-care and
definitive lab testing; (vi) the Company’s failure to successfully
achieve growth through acquisitions and de novo projects; (vii)
risks associated with estimates of the value of accounts receivable
or deterioration in collectability of accounts receivable; (viii)
the possibility that a governmental entity may prohibit, delay or
refuse to grant approval for the consummation of an acquisition;
(ix) the Company’s failure to achieve anticipated financial results
from contemplated and prior acquisitions; (x) a disruption in the
Company’s ability to perform diagnostic laboratory services; (xi)
maintaining compliance with applicable regulatory authorities,
licensure and permits to operate the Company’s facilities and
laboratories; (xii) a disruption in the Company’s business and
reputational and economic risks associated with the civil
securities claims brought by shareholders or claims by various
parties; and (xiii) general economic and market conditions,
including conditions in the debt and equity capital markets in
particular, as well as other risks discussed in the “Risk Factors”
section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2018 and other filings with the Securities and
Exchange Commission. As a result of these factors, we cannot assure
you that the forward-looking statements in this release will prove
to be accurate. Investors should not place undue reliance upon
forward-looking statements.
Contact: Joy Sutton Director of Corporate
Communications Office: (615) 727-8407 Cell: (615) 587-7728
JSutton@ContactAAC.com
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