ADDISON, TX, September 6, 2013 -- HASCO Medical, Inc. (OTCQB: HASC), http://www.hascomed.com/, a Company that conducts sales of handicap accessible vans, parts, service and rental operations in sixteen locations from Maine to Florida and sales of medical equipment and supplies in Florida announced today the completion of the acquisition of Auto Mobility Sales, Inc.
The HASCO Medical family is excited to announce the acquisition of Auto Mobility Sales located in Southeast Florida, with locations serving Broward, Palm Beach, Miami-Dade, and Martin Counties. Auto Mobility Sales has been providing quality wheelchair accessible vehicles and rentals to the Miami area since 2007. The new acquisition further extends the reach of the HASCO Medical family into Florida making the HASCO family of companies the largest provider of wheelchair accessible transportation in the state. Now individuals who are in need of a mobility solution can visit Ride-Away (www.ride-away.com), Mobility Freedom (www.mobilityfreedom.com), and Auto Mobility Sales (www.automobilitysales.com) locations reaching from south of Jacksonville to Tampa to Miami.
Founded in 2007, Auto Mobility Sales is a leading supplier of mobility vehicles and products in southeast Florida. With two locations in Ft. Lauderdale and Lake Worth, Florida. In 2012, Auto Mobility recorded sales of approximately $8.4 million.
"As a company we are continuing our mission of consolidating the industry and Auto Mobility is a perfect fit into that plan. The customer focus and service that Auto Mobility provides is top notch and will strengthen HASCO as the premier mobility dealer in the state of Florida," states Hal Compton CEO of HASCO Medical, Inc.
Within 75 days from the closing of the Agreement, HASCO will file an amendment to our Form 8-K to include the audited annual financial statements of Auto Mobility plus pro-forma financial statements showing the effects of the acquisition.
About HASCO Medical, Inc.
HASCO Medical (http://www.hascomed.com/) provides products and services that dramatically improve the quality of living for its customers. The Company consists of Ride-Away (http://www.ride-away.com/), Mobility Freedom (http://www.mobilityfreedom.com/), Auto Mobility Sales (http://www.automobilitysales.com) and Wheelchair Vans of America (http://www.wcvans.com/) on the Wheelchair Van Conversion/Rental side of the company and Certified Medical on the durable medical equipment side.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov/. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
HASCO Medical, Inc.
15928 Midway Rd.
Addison, TX. 75001
SOURCE: HASCO Medical, Inc.