MIAMI, Nov. 10, 2008 (GLOBE NEWSWIRE) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC), announced that the Company has retained a major healthcare merger and acquisition firm for the purposes of re-establishing value to ERUC. The firm will be assisting the Board of Directors in restructuring management. They will also explore the possibility of merging with another healthcare provider. ERUC being acquired is a subject that has also been visited by the new advisors. These new steps in a challenging economy are vital to the proper growth of the organization. Additional announcements will be made as progress develops.
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.