LAGUNA NIGUEL, Calif., March 24, 2011 (GLOBE NEWSWIRE) -- OptimumCare Corporation (Pink Sheets:OPMC), a behavioral healthcare and temporary staffing services provider, today announced full year financial results for 2010.
For the year ending December 31, 2010, with all figures unaudited, net revenues from continued and discontinued operations amounted to $4,202,029, compared with revenues of $3,885,952 for the prior year.
Pretax profits for the year ending December 31, 2010 amounted to $143,719, compared with a pretax loss of $85,682 in 2009.
Both the staffing division and Friendship Community Mental Health Center operated profitably for the quarter.
Mr. Ed Johnson, CEO & Chairman of the board has noted that Friendship Community Mental Health Center, a wholly owned subsidiary of OptimumCare, continues to explore the option of opening another location in the continually growing Phoenix behavioral healthcare marketplace.
Mr. Johnson has stated that considering the current OPMC stock price and current market conditions, OptimumCare Corporation will be purchasing up to 1,000,000 shares of OPMC stock depending on market conditions.
Created in 1987, OptimumCare Corporation provides healthcare services in two industry segments. The Behavioral Health Management Division provides management teams to client hospitals and medical centers on a long-term contract basis to run inpatient and outpatient behavioral health services. The Temporary Health Care Staffing Division provides temporary social workers and other professionals to a broad base of medical and healthcare client sites.