LYMAN, S.C., June 27 Southern Home MedicalEquipment, Inc. (Pink Sheets: SHMM; SHOM) announced today that it hascompleted a 1-for-1,000 reverse stock split. Effective at the open of markettoday, the Company will begin trading on a reverse split basis under its newlyassigned symbol "SHOM" on the Pink Sheets.
Greg Tucker, President and CEO of Southern Home Medical, stated, "Thisreverse split is part of our overall strategy to create a more favorablecapital structure as we pursue the expansion of our Encore Medical Staffingfranchise. Effective today, the number of Southern Home common sharesoutstanding has been reduced from 2,044,249,015 to 2,044,249 shares. With ahigher share price and more manageable share count, we are better positionedto attract and retain long-term investors, including institutional investors.We also are moving closer to our goal of becoming a fully reporting company tofurther increase our visibility and value."
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 will be expanding its operations throughthe start 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. EncoreMedical Staffing, Inc. is aggressively recruiting motivated nurseprofessionals interested in franchising opportunities.
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 864-661-1057 firstname.lastname@example.org Investor Relations: Rick McCaffrey OTC Financial Network http://www.otcfn.com/shmm
SOURCE Southern Home Medical Equipment, Inc.