LYMAN, S.C., Nov. 2, 2012 -- Southern Home Medical, Inc. (OTCPK: SHOM), a holding Company providing healthcare services, staffing and equipment to medical institutions, announced today that it has reduced its issued and outstanding Preferred A share total by retiring 8,000,000 shares leaving a total of Preferred A shares issued of 11,827,000.
In a recent press release dated October 19th, 2012 The Company announced that it reduced its issued and outstanding Preferred C share total by retiring 6,000,000 shares leaving a total issued of 10,131,250 Preferred C Shares. The announcement also stated that during the month of August it retired 9,250,000 shares of common stock leaving total of 234,510,122 issued and outstanding.
Southern Home Medical continues its dedication to its shareholders to rain in unnecessary dilution as a result of non performing entities not fulfilling their services. These continued share reductions taken by the Company reinforces its commitment to increase the stock value to its shareholders.
Additionally management is very pleased with the progress the Company has made over the last three quarters. There is plenty of optimism that by continuing these reductions in outstanding shares combined with the growth the Company is experiencing, 2012 expects to end the year with positive EPS (Earnings per Share).
"We are working very hard to demonstrate to you the shareholders that we are dedicated to making this Company worth the continued investment. We appreciate your support and look forward to continued success," said President and CEO of Southern Home Medical, Jeff Sarvis.
About Southern Home Medical, Inc.
Southern Home Medical, 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; Atlanta, 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 www.encoremedicalstaffing.com www.apnearx.net.
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.
SOURCE Southern Home Medical, Inc.