HOUSTON, July 19, 2001 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) provider, announced today that its CEO, Dr. David Blumfield has been interviewed by the online financial news service, WebFN (www.webfn.com). In the video interview, Dr. Blumfield discusses the past and present performance of SurgiCare and its positive outlook for future growth and earnings.
To view the interview, log onto WebFN at www.webfn.com, click on the "OnDemand" tab, go to "Video Search", type in "Blumfield" under keywords and then click on the link that appears. The video interview will then run on the screen.
In today's CEO FYI interview, which was also broadcast via television live to 6 million homes in the Chicago area as well as on the web sites of Fidelity investments, E*Trade and Microsoft Money Central, Dr. Blumfield notes that the company is currently on track for continued growth and to meet or beat analysts' early earnings estimates. He also discusses why SurgiCare has been so successful working with surgeons, patients and insurers.
SurgiCare has dramatically increased it revenues and profits every quarter since its inception, proving that it is a real high growth company with significant potential for further consolidation of the market. Since opening its first center in 1995, SurgiCare has been profitable, consistently posting higher revenues every quarter. This rapid growth helped the company's 2000 year end revenues jump more than 150% from those of the previous twelve-month period.
SurgiCare began trading on the American Stock Exchange on July 11, 2001. The company believes that its prominent national listing should greatly raise its awareness and stature in both the financial community and the healthcare industry, helping it to be recognized as a major player in the ambulatory surgery center arena.
About SurgiCare, Inc.
SurgiCare, Inc., which formerly traded on the Over-The-Counter Bulletin Board under the symbol (OTCBB:SXCR), offers licensed, freestanding Ambulatory Surgery Centers for use by physicians and its physician partners and their patients. Freestanding refers to the fact that the facilities are physically and organizationally independent from a hospital. Ambulatory Surgery means surgical procedures that do not require overnight hospitalization after the surgery. The ASCs are run under the guidance of a committee of physician partners. SurgiCare's goal is to grow through mergers, acquisitions, and turnkey management contracts in conjunction with physician-involved supervision and potential equity participation within a public company model. For more information on SurgiCare, please visit the company's web site at www.surgicareinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words ``believes, '' ``expects, '' ``anticipates, '' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of SurgiCare, Inc. (the Company) to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's Annual Reports and other filings with the Securities and Exchange Commission. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news alert speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.