LYMAN, S.C., Aug. 20 Southern Home MedicalEquipment, Inc. (Pink Sheets: SHOM) ("Southern Home"), a holding companyfocused on nurse staffing operations, announced today its financial resultsfor the second quarter ended June 30, 2008. The Company reportedrecord-breaking revenues of $205,784 for the three months ended June 30, 2008.Net income for the second quarter of 2008 was $39,244. Detailed quarterly andannual financial reports are filed voluntarily by the Company and areavailable at http://www.pinksheets.com.
More than 1.2 million new and replacement nurses will be needed by 2014,which will account for nearly two-thirds of all new jobs in the health caresector (source: US Bureau of Labor & Statistics). "Through our Encore MedicalStaffing, Inc. division ("Encore Medical"), we've created a dynamic platformto achieve sustained growth throughout 2008 and beyond. Encore Medical isfocused on recruiting and supplying qualified, pre-screened and licensedhealth care professionals to serve America's long-term health care needs,"said Greg Tucker, President and CEO of Southern Home.
"Year-to-date, several of our Encore Medical Staffing locations haveposted triple digit revenue growth month-over-month, even outpacing theirinitial expectations. This indicates our Encore Medical franchise businessmodel can be successfully replicated both locally and nationwide. We foreseeaggressive expansion in Encore Medical's franchise operations throughout theUS, which will position Southern Home to continue on its path of substantialtop- and bottom-line growth," concluded Tucker.
Encore Medical Staffing currently has locations in Charleston, Columbia,and Greenville, South Carolina; in addition to Kentucky, Florida, andMaryland. Encore Medical supplies quality healthcare professionals on a perdiem, temporary and contract basis to hospitals, rehab centers, nursing homesand other medical facilities and institutions. Encore Medical is aggressivelyrecruiting motivated nursing professionals interested in franchisingopportunities.
About Southern Home Medical Equipment, Inc.
Southern Home Medical is a holding company with a focus on nurse staffingoperations. Formed in January 2005, with its principal place of business inLyman, S.C., Southern Home Medical is expanding its operations through thestart up and support of Encore Medical Staffing businesses on a nationallevel. The majority of the staffing professionals consist of RegisteredNurses, Licensed Practical Nurses and Certified Nursing Assistants. Visitwww.encoremedicalstaffing.com for more information.
Safe Harbor: This release includes forward-looking statements within themeaning of Section 27A of the Securities Act of 1933 and Section 27E of theSecurities Act of 1934. Statements contained in this release that are nothistorical facts may be deemed to be forward-looking statements. Investors arecautioned that forward-looking statements are inherently uncertain. Actualperformance and results may differ materially from that projected or suggestedherein due to certain risks and uncertainties including, without limitation,ability to obtain financing and regulatory and shareholder approval foranticipated actions.Contact: Greg Tucker President & CEO Southern Home Medical firstname.lastname@example.org Investor Relations: Rick McCaffrey OTC Financial Network 781-444-6100 x625 email@example.com www.otcfn.com/shom
SOURCE Southern Home Medical Equipment, Inc.