HOUSTON, July 19, 2001 (PRIMEZONE) -- Executives from SurgiCare, Inc. (AMEX:SRG) (http://finance.yahoo.com/q?s=srg&d=t), a Houston-based Ambulatory Surgical Center (ASC) provider, rang the opening bell to start the day's trading on the floor of the American Stock Exchange today to celebrate their new listing on the exchange. SurgiCare, which has been publicly traded for more than a year and a half, began trading on the AMEX on July 11, 2001.
"We are extremely pleased to have been invited to participate in this once-in-a-lifetime event," said David Blumfield, CEO of SurgiCare, Inc, who rang the bell simultaneously with company COO, Charles Cohen. "SurgiCare has achieved many great things over the last couple of years, but none are more important than making the successful transition to one of America's most respected national exchanges. This should prove to be a milestone for everyone here at SurgiCare as well as for our shareholders."
SurgiCare believes that its listing on the AMEX should greatly raise its awareness and stature in the healthcare industry, helping it to be recognized as a major player in the ambulatory surgery center arena. The company has dramatically increased it revenues and profits every quarter since its inception, proving that it is a real high-growth company with significant potential. Since opening its first center in 1995, SurgiCare has been profitable, consistently posting higher revenues each quarter. Its rapid growth helped the company's 2000 year end revenues jump more than 150% from the previous twelve-month period.
To view the bell ringing ceremony, log on the on AMEX's Website at: http://www.amex.com/about/marketbroadcast.stm.
About SurgiCare, Inc.
SurgiCare, Inc., which formerly traded on the Over-The-Counter Bulletin Board under the symbol 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 Website 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.