latest news releases from the newsroom
ER Urgent Care Holdings, Inc.
ER Urgent Care Signs Letter of Intent for Atlanta Area Center
MIAMI, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC), announced today that the Company has signed a letter of intent with an Atlanta area group of investors who wish to open an ER Urgent Care Center. Mr. Solomon noted that the center will be located in the Roswell, Ga. area. The Atlanta group has businesses in Roswell and is currently heavily invested in the surrounding areas. ERUC has done extensive due diligence on the group and has found them to be a perfect match both urgent care and the healthcare industry. By recommendation of our new merger and acquisition advisors ERUC will be focusing on the aspect of the business that takes advantage of our nationwide network contracts with major health plans, as well as the extensive ERUC name branding. Expansion will begin with managing centers rather than owning them. Mr. Solomon also noted that the Board has agreed to extend the deadline for the preferred share exchange. This request has come from shareholders' need for additional time to attain certificates from their respective clearing houses.