VANCOUVER, British Columbia, Aug. 17, 2004 (PRIMEZONE) -- AMS Homecare Inc. (OTCBB:AHCKF) (TSX Venture Exchange:AHC) today announced it is expanding its product line with the introduction of the AQUAJOY Bathlift and will distribute the device in North America beginning next month.
The company also announced its line of credit with Royal Bank of Canada has been increased CDN $500,000 to CDN $1.75 million. The enhanced credit facility will help support the company's growth initiatives, it said.
"The introduction of AQUAJOY is another element in our strategy of diversifying AMS Homecare's product line from our traditional scooters and power chairs and reaching a broader target market," said Harj Gill, chief executive officer. "The initial success of this strategy was evident in our recently reported first quarter, when sales of products other than scooters accounted for 17 percent of revenue. During the previous fiscal year, which ended in February, scooters accounted for about 86 percent of revenue."
The AQUAJOY Bathlift is a battery-operated device designed to help the elderly and physically challenged enter and exit a bathtub safely and comfortably. The device is designed for use in the home, in multi-user environments and by healthcare professionals. AQUAJOY, which raises or lowers users gently, also swivels and has added features such as a headrest and lap harness. It differs from competing products in that the rechargeable battery is in the remote control instead of as part of the unit itself and, as a result, the unit takes up less space in the tub.
"AQUAJOY is an ideal addition to our product line. There is an ongoing need for devices that assist the elderly and the physically challenged in day-to-day activities such as bathing," Gill said.
About AMS Homecare Inc.
Founded in 1989, AMS Homecare (http://www.amshomecare.com) is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that it says is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving to strengthen its foundation and build an organization capable of serving the independence needs of the aging populations in Canada and the United States.
Statements contained in this release relating to AMS Homecare Inc. that are not historical facts are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are subject to risks and uncertainties, which are enumerated in the company's most current filed Annual and Interim Reports. These risks and uncertainties could cause actual results to differ materially from those projected or implied in the forward-looking statements. The TSX Venture securities market has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.