SANTA ANA, Calif., June 4, 2003 (PRIMEZONE) -- American Hospital Resources, Inc. (OTCBB:AMHR) has completed the proforma financials integrating the recently announced acquisition of Rx Solutions, Inc. into AMHR's consolidated financials. For purposes of the 8-K filing these financials are stated as of year-end December 31, 2002 as though Rx Solutions had been a part of AMHR for all of 2002. These financials do not reflect new business added since year-end. As a licensed closed-door pharmacy and Medicaid provider, Rx Solutions, Inc. currently serves a long-term care base of more than 1,400 patients, an increase of approximately 40% over the bed count at year-end. Rx Solutions, Inc. provides its client patients with licensed prescription drug services and related pharmacy consulting services within both Mississippi and Alabama.
Robert Lang Rph., co-founder of Rx Solutions, Inc. stated, "Rx Solutions maintains a strong brand identity in the Gulf Coast pharmacy outsourcing market. Coupling this with AMHR's drug purchasing resources should give Rx the opportunity to expand into new markets within our geographic region. We are pleased to be a part of the AMHR consolidation and to represent the Company in the Gulf States region."
Christopher Wheeler, founder and Chief Executive Officer of AMHR stated, "We are starting to experience the kind of growth a rollup strategy can offer. This is just the beginning and as we complete additional acquisitions we expect to see similar impact on consolidated revenues, earnings and shareholder value. An executive summary outlining AMHR's pharmacy outsource rollup model is now available. Advance copies are available through our investor relations department. The Company is redesigning its web site and will soon make the information in the executive summary available online."
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risk and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the Company's revenues, operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities Exchange Commission.