LYMAN, SC, Aug 31, 2011 (MARKETWIRE via COMTEX) ?
Southern Home Medical Equipment, Inc. (pinksheets:SHOM), a holding
company providing healthcare services, staffing and durable medical
equipment to medical institutions, announced today that it has
achieved its seventh consecutive month of profitability and record
revenues in July 2011. Corporate revenues were $116,204 in July 2011,
25% higher than revenues of $93,047 reported in July 2010. Net income
was $36,423 in July 2011, 73% higher compared to net income of
$21,061 in the same month one year ago.
?Having reported a strong first and second quarter of 2011, we are
extremely pleased to continue our progress into the second half of
2011. The month of July 2011 continues our trend of profitability
established at year-end December 31, 2010. Our network of companies
are focused on streamlining operations and increasing sales without
additional, large capital expenditures. We remain optimistic that our
positive earnings trend will continue through the remainder of 2011,?
said President and CEO of Southern Home Medical, Jeff Sarvis.
?While we are exceeding our expectations month-after-month in terms
of revenues and net income, our stock price has yet to parallel our
outstanding performance. We anticipate this to change, as the
?gathering phase? of the audit is almost over. Scott and Company, our
auditor, will soon be assembling the results for public disclosure.
Once completed, we can continue to move towards ?fully reporting
status? and achieve higher visibility in the financial community,?
added 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 U.S. healthcare industry. The Company has quality health
care professionals to address national shortages in hospitals, rehab
centers, nursing homes and other medical facilities. Personnel are
available 24/7/365 and include: RN?s, LPN?s, CNA?s, RT?s, billing
specialists, customer service specialists, delivery techs and
marketing reps. The Company has contractual agreements with partner
businesses located in Charleston, Columbia, Greenville, Florence and
Lake Hartwell, of 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 of health, medical,
staffing and durable medical equipment needs. For more information,
visit
www.southernhomemedical.com .
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.
Contact: Henry Harrison IR Pro 2.0 407-682-2001 Email Contact www.irprpro.com www.healthcarestock.net
SOURCE: Southern Home Medical Equipment, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=3EBECB592028BBB9 http://www.irprpro.com/ http://www.healthcarestock.net/
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Article source: http://www.marketwatch.com/story/southern-home-medical-achieves-seventh-consecutive-month-of-profitability-and-record-revenues-in-july-2011-08-31?reflink=MW_news_stmp
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