SALT LAKE CITY, May 20, 2011 /PRNewswire/ -- ActiveCare, Inc. (OTC Bulletin Board: ACAR) a service technology company that develops and provides 24/7 in your own home assisted living and emergency response solutions to seniors today reported significant top line growth. For the quarter ending on December 31, 2010, ActiveCare posted revenue of $174,440 compared to $112,855 from a year ago, a 55% growth in revenues. Revenue from Care Service and recurring revenue from services provided to seniors accounted for the majority of the quarter over quarter growth. Revenues from this division increased from $4,400 for December 2009 quarter to $55,800 for the December 2010 quarter. "Our growth is a result of a focus on bringing our solution to the market," stated James Dalton, CEO of ActiveCare.
The net loss for the first fiscal quarter ended December 31, 2010 was $1,685,658 compared to $1,262,076 the same period a year ago, an increase of $423,582. This was primarily due to increased selling, general, and administrative expenses associated with the launch of the Company's new product and service offerings.
The Company also reported a decrease in Shareholders' Equity from $1,484,722 for the first fiscal quarter ended December 31, 2009 to $544,034 for the same period ended 2010.
ActiveCare's products and services provide assistance and care to seniors and their care providers. "We are changing what it means to age," stated James Dalton, CEO of ActiveCare. "Our CareCenter is a one of a kind operation that provides the assistance our members need to remain active, independent and living in their own home." The Company recently launched its' new ActiveHome product line, a combination of expanded services and technologies that enhances members' lifestyle and safety both at home and on the go. "Offering new and real solutions that answer the needs of millions, we are well positioned in continuing to increase our shareholder value," continued Dalton.
About ActiveCare:
ActiveCare, Inc., (www.activecare.com) is the service leader in care for the elderly, disabled or chronically ill providing deserved freedom while allowing members to remain living independently longer. ActiveCare incorporates cellular, GPS and fall detection technologies to provide a wide selection of concierge like services for members delivered by way of a hand-held or wearable PAL (Personal Assistance Link) device. The PAL connects ActiveCare members to the CareCenter at the touch of a button or when a fall is detected, providing immediate service and peace of mind, 24 hours a day, seven days a week – at ANY time or location. Headquartered in Salt Lake City, ActiveCare is committed to providing consistent excellence in quality and safety as well as friendly care for members and caregivers, alike.
To learn more about ActiveCare, Inc. visit www.activecare.com
SOURCE ActiveCare, Inc.
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The net loss for the first fiscal quarter ended December 31, 2010 was $1,685,658 compared to $1,262,076 the same period a year ago, an increase of $423,582. This was primarily due to increased selling, general, and administrative expenses associated with the launch of the Company's new product and service offerings.
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The Company also reported a decrease in Shareholders' Equity from $1,484,722 for the first fiscal quarter ended December 31, 2009 to $544,034 for the same period ended 2010.
ActiveCare's products and services provide assistance and care to seniors and their care providers. "We are changing what it means to age," stated James Dalton, CEO of ActiveCare. "Our CareCenter is a one of a kind operation that provides the assistance our members need to remain active, independent and living in their own home." The Company recently launched its' new ActiveHome product line, a combination of expanded services and technologies that enhances members' lifestyle and safety both at home and on the go. "Offering new and real solutions that answer the needs of millions, we are well positioned in continuing to increase our shareholder value," continued Dalton.
About ActiveCare:
ActiveCare, Inc., (www.activecare.com) is the service leader in care for the elderly, disabled or chronically ill providing deserved freedom while allowing members to remain living independently longer. ActiveCare incorporates cellular, GPS and fall detection technologies to provide a wide selection of concierge like services for members delivered by way of a hand-held or wearable PAL (Personal Assistance Link) device. The PAL connects ActiveCare members to the CareCenter at the touch of a button or when a fall is detected, providing immediate service and peace of mind, 24 hours a day, seven days a week – at ANY time or location. Headquartered in Salt Lake City, ActiveCare is committed to providing consistent excellence in quality and safety as well as friendly care for members and caregivers, alike.
To learn more about ActiveCare, Inc. visit www.activecare.com
SOURCE ActiveCare, Inc.
