LOS ANGELES, August 26, 2003 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring OptimumCare Corporation (OCTBB:OPMC), today interviewed Chairman and CEO Edward A. Johnson about the company's recently completed second quarter results, as well as the future outlook for the rapidly growing company.
The show's host, Francis Gaskins, Editor of IPOdesktom.com, interviewed Johnson. Listeners may hear the interview by accessing it through RealAudio at http://gaskinsco.com/opmc4.ram or via Windows Media at http://mmslb.eonstreams.com/gaskins/opmc4.wma.
During the interview, Johnson points outs that the company's revenues continue to benefit from the strong performance of its staffing services units. He said that overall staffing service operations in the most recent quarter accounted for 60% of overall revenues.
Johnson also reported that the company's behavioral healthcare programs continued to operate as planned, and that OptimumCare's contracts with Sherman Oaks Hospital have just been renewed. He said the company is pursuing a number of leads focused on adding new behavioral healthcare contracts.
He also said he anticipated that OptimumCare would make as many as two additional staffing service acquisitions by the end of the year, and that staffing service facilities would then represent 70-80% of total revenues. He also noted the addition of staffing service offices in San Francisco and Jacksonville, Florida as evidence of the overall strength in the staffing services marketplace.
The company's acquisition criteria is focused on local staffing programs with a healthcare component in the $1-$3 million revenue level, and that are operating profitably. It has already made three staffing acquisitions, two in the Los Angeles area, and another in Orlando, Florida. All are committed to the deliver of highly qualified nurses and social workers when clients find themselves short of staff.
An earlier interview with Chairman & CEO Edward A. Johnson is also available. Listeners may hear it at http://gaskinsco.com/opmc.ram or http://mmslb.eonstreams.com/gaskins/opmc.wma.
Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health services, OptimumCare today provides a wide range of inpatient and outpatient behavioral health services and temporary healthcare staffing services through a network of affiliated hospitals, medical centers, community health centers and staffing agencies. Further information on the company may be found on its website at www.optimumcare.com.
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation which may affect facilities, licensing, health-care reform which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs which may affect future sales growth and/or costs of operations. Additional information may be obtained by reviewing the company's reports filed from time to time with the SEC.