COSTA MESA, Calif., June 4, 2004 (PRIMEZONE) -- First Deltavision, Inc. (OTCBB:FTDV) has changed its name to Integrated Healthcare Holdings, Inc. (OTCBB:IHCH). Concurrent with the name change, the Company's stock symbol changed to IHCH.OB, effective June 3, 2004. The Company undertook the name change to better reflect the current ownership and business strategy of the Company.
Since the involvement of Bruce Mogel, Larry Anderson and Jim Ligon in the fourth quarter of 2003, the Company's business strategy has been to acquire, hold and manage hospitals and healthcare facilities. The Company is currently exploring the possible acquisition of one or more of the hospital assets that are being divested by Tenet Healthcare Corporation.
The Company's name change was approved by written consent of shareholders as of March 4, 2004, and became effective on May 26, 2004. The Company's executive offices and telephone number remain unchanged at 695 Town Center Drive, Suite 260, Costa Mesa, California 92626, (714) 434-9191.
Holders of stock certificates and notes bearing the former name of the Company will be contacted by the Company's transfer agent in order to exchange them for new certificates.
This press release contains forward-looking statements. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed or projected. Statements in this press release regarding the business of Integrated Healthcare Holdings, Inc., which are not historical in nature, are "forward-looking statements" that involve risks and uncertainties. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Actual results may differ materially due to a number of potential risks and uncertainties, including those discussed in our Annual Report on Form 10-KSB under the caption "Risk Factors," and actual results may vary materially from those anticipated, estimated, or projected. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of their dates.