SPARTANBURG, S.C., March 16 /PRNewswire-FirstCall/ -- Southern Home Medical Equipment, Inc. (Pink Sheets: SHMM) announced today that they have 68 separate companies interested in becoming Southern Home affiliates. Greg Tucker, President of Southern Home Medical said, "As previously stated, six of these companies are either already part of our organization or have signed letters of intent. Beyond that, we are very encouraged by the response we have received. In almost every case, these companies are well established and credible. The current owners of a large majority of these companies have over 10 years experience in the industry. In many cases, the companies are averaging well over one million in annual revenues. The level of understanding of the industry among these 68 candidates is very impressive. As a holding company, Southern Home Medical offers these business owners something that they currently do not have: an exit strategy. In addition, we offer the ability to benefit from various other synergies to include centralized billing and accounts payable, consolidated rates on financing of equipment, consolidated workman's comp., liability insurance, etc. We would encourage anyone who has an interest in our company to reference our website at http://www.southernhomemedical.com/."
About Southern Home Medical
Southern Home Medical is a holding company with a focus on medical equipment operations in the Southeastern United States. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up of additional sites in strategic locations throughout the Southeast. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment to include: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Encore Division, Southern Home will also move into additional health, wellness, and fitness related businesses.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Southern Home Medical Equipment, Inc. depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: Southern Home Medical Equipment, Inc.
Greg Tucker, Pres./CEO
(864)-278-8036
