ER Urgent Care Holdings, Inc.'s Board of Directors Authorizes Its Officers and Directors to Exchange Over 1,000,000,000 Shares o
September 10 2008 - 8:30AM
Marketwired
ER Urgent Care Holdings, Inc. (PINKSHEETS: ERUC) is pleased to
announce that the members of Company's Board of Directors, its
officers, employees and other affiliated and related persons have
pledged to exchange over 1,000,000,000 shares of common stock for
shares of Series B exchange program. ER Urgent Care Holdings, Inc.
is offering stockholders the right to exchange the Company's Common
Stock for shares of Series B Preferred Stock, on the basis of one
share of the Series B, valued at $1.00 per share for each 1,000
shares of the Company's Common Stock tendered. The shareholders
will also receive warrants to purchase one share of the Company's
Common Stock for each share of Common Stock tendered.
ER Urgent Care Holdings, Inc. will be featured in the Investor's
Business Daily on Wednesday, September 10, 2008, Friday, September
12, 2008, and Monday, September 15, 2008. The Company will also be
featured on www.investors.com for the next two weeks starting,
Wednesday September 10, 2008. Investor's Business Daily is read by
nearly 1 million investors on a daily basis.
"We are proud to have our Board Members, Officers, employees and
affiliates participate in this exchange. We are very excited to
announce that this exchange will reduce our current outstanding
share count by approximately twenty percent, positioning ER Urgent
Care for further growth in the financial market," stated Mark
Solomon, ERUC President.
A shareholder must tender at least 1,000,000 shares of Common
Stock in order to take part in this Exchange Offer and the deadline
for delivering the certificates to the Company's transfer agent,
Transfer Online, is the close of business on September 30, 2008. To
view the full terms of the Preferred Share Exchange offer, please
visit the following link:
http://erucc.net/pdfs/Offer_to_Exchange_Common_Stock.pdf.
About Investor's Business Daily: Investor's Business Daily (IBD)
was launched in 1984 and is now read by nearly 1 million investors.
It is considered more of a research tool than a traditional
newspaper. Known for its innovative stock tables, Investor's
Business Daily provides critical information previously available
only to institutional investors (pension and mutual funds, banks,
insurance companies and government organizations).
About ER Urgent Care Holdings Inc.:
ER Urgent Care Holdings Inc. operates ER Urgent Care Centers in
South Florida. The "true, bona-fide, Urgent Care Center" is a
one-stop shop where patients can receive premier health care and
after-hours care at a fraction of the cost of emergency room
visits. With the "Urgent Care Center" model emergency rooms will no
longer lose money on ER patients with minor injuries and illnesses
and the HMOs will no longer have to pay exorbitant claims for
non-admitted patients. ER Urgent Care Centers create a win-win
situation for everyone, filling the financial and service gap
between primary care physicians (PCPs) and hospital emergency
rooms.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbors protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact: ER Urgent Care Holdings, Inc. http://www.erucc.net/ or
Call Investor Relations + 1-866-843-2775
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