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“Arcadia is a strong player in America's most consistently growing industries: temporary staffing and home health care.” |
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Arcadia Resources Opens Home Health Care Centers at Six Detroit-Area Sears Stores
SOUTHFIELD, MI: October 3, 2005 -- Arcadia Resources, Inc. (OTCBB: KAD), as a licensed business partner of Sears, Roebuck and Co., announced today that it has launched "Sears Home Health Care," a dedicated store area for products that promote home care, personal independence and medical well-being. The Home Health Care centers are now operating in six Sears stores in the metropolitan Detroit area.
Arcadia Resources created the concept and is responsible for the development and operation of Sears Home Health Care centers. Arcadia Resources is a leading national provider of home care and staffing services, mail-order pharmacy and durable medical equipment (DME).
Detroit was selected for the launch because it is one of Sears' strongest markets in the United States. In addition, the Detroit market has a significant population of active consumers in their late 40s through their 70s and 80s, a primary target for the new Sears Home Health Care centers.
"The Sears Home Health Care centers are designed to serve the growing population of adults who
are seeking homecare solutions that allow them to maintain an active and independent lifestyle,"
said John Elliott II, chairman and CEO of Arcadia Resources, Inc. "While many of the products benefit consumers of all ages, there is a specific need among mature adults for homecare products and medical equipment that help them achieve and preserve the lifestyle they desire."
Sears Home Health Care centers feature a distinct identity to distinguish them from surrounding products and departments. Each center includes more than 1,000 products ranging from mobility devices such as wheelchairs, scooters, stairway lifts and walkers, to orthopedic support, bathroom safety and adjustable beds.
"Sears Home Health Care centers make it possible for people to shop for home health care products in a comfortable setting staffed by experienced health professionals," said Larry Kuhnert, President of Arcadia Resources, Inc.
The new Home Health Care centers are located inside Sears' stores at the following locations:
• Lakeside Mall - Sterling Heights
• Oakland Mall - Troy
• Livonia Mall - Livonia
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• Twelve Oaks Mall - Novi
• Macomb Mall - Roseville
• Lincoln Park Shopping Center - Lincoln Park
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About Arcadia Resources
Arcadia Resources, Inc. operations include home health care services, medical and non-medical staffing, provision of respiratory and durable medical equipment to patients in the home, a full service mail-order pharmacy and a mail-order catalog of home health care-oriented products. The Company's comprehensive solutions help organizations operate more effectively and with greater flexibility, while enabling individuals to manage illness and injury in the comfort of their own homes.
Arcadia Resources is the product of the May 2004 merger of Critical Home Care, Inc. and RKDA, the parent company of Arcadia Services, Inc., and Arcadia RX, LLC. The Company, for the purposes of comparability, has combined predecessor and successor results for the quarter ended June 30, 2004. Since June 30, 2004, the Company has acquired 11 successful staffing and home health care businesses in Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Massachusetts, Michigan and North Carolina along with a mail-order catalog business. For more information, visit: www.arcadiaresourcesinc.com
Contact: Geoffrey Eiten, Investor Relations, National Financial Network, 781-444-6100 x613, geiten@nationalfc.com. See also www.nfnonline.com/acdi.
Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21A of the Securities Exchange Act of 1934, as amended, to the extent applicable to the Company, and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "can," "will," "could," "should," "project," "expect," "plan," "predict," "believe," "estimate," "aim," "anticipate," "intend," "continue," "potential," "opportunity" or similar terms, variations of those terms or the negative of those terms or other variations of those terms or comparable words or expressions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized. Such forward-looking statements generally are based on our estimates of future results, performances or achievements, predicated upon current conditions and the most recent results of the companies involved and their respective industries. Actual results may differ materially from those anticipated or implied in the forward-looking statements.
Risks, uncertainties and other factors pertaining to our forward-looking statements include competition factors (such as the size and resources of our competitors), general economic conditions, cyclical factors affecting our Companies' industries, our ability to sell new and existing services and products at profitable yet competitive prices, and the need for our Company to effectively integrate acquired businesses and to successfully deliver its primary services and products. In particular, our forward-looking statements pertaining to our acquisitions of business which generate higher gross margins and our expectation of a continued positive growth trend in this respect are premised on factors including, but not limited to, our ability to successfully reduce operating costs by effectively integrating these businesses, without adversely affecting the quality and volume of such services and/or products available for purchase, as well as our ability to procure our products and providers of services at competitive prices. While our forward-looking statements are premised in part by internal growth through demand from customers served by our industries and our companies, we cannot assure that such demand will continue. Actual results may differ materially from our expectations in the event that our assumptions and the data we rely on (including the historical and expected growth of the home care services, staffing, mail order prescription and medical equipment industries) are inaccurate or if growth does not continue at historical rates or is or becomes affected by economic conditions and climate.
The forward-looking statements contained in this news release speak only as of the date hereof. Additional information with respect to these and other factors that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company does not undertake, and expressly disclaims, any obligation to update or alter its forward-looking statements, except as may be required by law.
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