SPARTANBURG, S.C., Feb. 13, 2007 (PRIME NEWSWIRE) -- Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) today announced projected revenues of $4,224,000.00 for calendar year 2007. Southern Home Medical recently closed on the acquisitions of Apnea RX, Ladies Health & Fitness, and Fast Track Fitness, Inc. Letters of Intent have been completed on two additional durable medical equipment companies. Greg Tucker, President of Southern Home Medical stated, "We are at our core a durable medical equipment operation. The transition for the team at Apnea RX went extremely well. We are excited about their potential and the potential of the two additional companies committed to joining our team. The three companies combined will definitely provide us with a firm foundation for future growth in the DME segment. Our acquisition possibilities or candidates continue to grow due to the national exposure we have recently received. In addition, our Encore Health and Wellness division is pleased to have Ladies Health and Fitness as an exciting franchise model for future growth."
Southern Home Medical is a holding company with a focus on medical equipment operations in the Southeastern United States. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up of additional sites in strategic locations throughout the Southeast. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment to include: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Encore Division, Southern Home will also move into additional health, wellness, and fitness related businesses.
Ladies Health & Fitness offers a complete range of circuit training equipment, including treadmills, recumbent bicycles, aerobic boards, elliptical trainers, dumbbells, free weights, glut press, and a full range of resistance machines.
Mr. Tucker also states, "In addition to our medical equipment operations and fitness centers, we are exploring some interesting e-commerce opportunities as well. We are excited about the future of our company and we would like to invite people to learn more about us at www.southernhomemedical.com and www.ladieshealthandfitnessusa.com."
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Southern Home Medical Equipment, Inc. depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.