MIAMI, Nov. 17, 2008 (GLOBE NEWSWIRE) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC), announced that the Board of Directors is currently interviewing, with the objective of revamping the ERUC management team. Progress has already been made with the signing of a new radiologist group. This will enable us to expand our current X-ray capacity, therefore increase profits as well as lowering costs.
As we experience a shortage of Family Care Physicians in Florida and nationwide, urgent care centers have become a vital part of the healthcare system. In Florida we are currently experiencing a 63% shortfall in the amount of primary care physicians. For this reason urgent care centers like ER Urgent Care are poised for significant growth. The future continues to look very bright for ERUC. Many patients have nowhere to go and ER Urgent Care fills that gap.
We would also like to remind our shareholders that due to world wide market conditions we have extended the preferred share exchange to December 15. We wish to express to our shareholders a very happy and healthy Thanksgiving.
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.