MIAMI, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC), announced today that the Company has signed a letter of intent with an Atlanta area group of investors who wish to open an ER Urgent Care Center. Mr. Solomon noted that the center will be located in the Roswell, Ga. area. The Atlanta group has businesses in Roswell and is currently heavily invested in the surrounding areas. ERUC has done extensive due diligence on the group and has found them to be a perfect match both urgent care and the healthcare industry. By recommendation of our new merger and acquisition advisors ERUC will be focusing on the aspect of the business that takes advantage of our nationwide network contracts with major health plans, as well as the extensive ERUC name branding. Expansion will begin with managing centers rather than owning them. Mr. Solomon also noted that the Board has agreed to extend the deadline for the preferred share exchange. This request has come from shareholders' need for additional time to attain certificates from their respective clearing houses.
About ER Urgent Care Holdings, Inc.:
ER Urgent Care Holdings, Inc. operates ER Urgent Care Centers in South Florida. The "true, bona-fide, Urgent Care Center" is a one-stop shop where patients can receive premier health care and after-hours care at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model, emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.