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ER Urgent Care Holdings, Inc.
ER Urgent Care Makes Filing
MIAMI, Nov. 7, 2008 (GLOBE NEWSWIRE) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC) announced that the Company had recently filed a petition for reorganization, pursuant to Chapter XI in order to assist the Company in dealing with its cash flow problems stemming from the failure of certain of its insurance reimbursers to remit funds for an extraordinarily long period. He added that the Company's core business continues to be positive, but that relatively large accounts receivable from just one company had put extreme pressure on the Company. Mr. Solomon stated that he hoped that the filing would assist collections the Company is dealing with in this situation, while other matters remain very positive. No further details of the filing were announced.