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Arcadia Resources, Inc. Enhances Executive Management Team by Adding New Members


SOUTHFIELD, MI, February 21, 2007 -- Arcadia Resources, Inc. (AMEX: KAD), an innovator in consumer health care services, announced today that its Board of Directors has approved the following additions to the Company’s executive management team:

  • Alan Lotvin, M.D., CEO of Arcadia’s retail-based health clinic division, CareClinic, Inc., was named Chief Medical Officer of Arcadia Resources, Inc.  Dr. Lotvin remains CEO of CareClinic, Inc., effective March 1, 2007.
  • Marvin Richardson, R.Ph., President and CEO of PrairieStone Pharmacy LLC, continues as PrairieStone CEO, with added responsibilities as Chief Operating Officer of Arcadia Resources, Inc., effective March 1, 2007.  PrairieStone was acquired by Arcadia on February 16, 2007.
  • Anna Marie Nekoranec, who stepped down from Arcadia’s Board of Directors, was named Strategic Advisor to the Company and will be responsible for strategic financing and other business matters.

In addition, John Brady, co-founder of PrairieStone, becomes President of PrairieStone.  Larry Kuhnert will continue as a member of the Company’s Board of Directors.  Arcadia Chairman and CEO John Elliott, II will assume the title of President.

Mr. Elliott said, “These actions enhance our operations by bringing experienced professionals with proven track records in consumer health care into our executive management team.  We look for their day-to-day leadership as we continue to expand our operations nationally and implement our new consumer-driven business strategy to help people obtain health care that is more convenient and affordable.”

Dr. Lotvin is a cardiologist by training and practice.  He holds a graduate degree from Columbia University in Medical Informatics.  Prior to joining Care Clinic, Inc., he was President and Chief Operating Officer of M|C Communications, a leading medical education provider with global operations.  Prior to that Dr. Lotvin was President of Specialty Pharmacy Services for Medco Health Solutions, where he held several senior management positions over eight years.

Mr. Richardson’s extensive background includes serving as senior vice president of pharmacy operations for Rite Aid Corporation, a 3,600-store retail pharmacy chain; president and CEO of Low Cost Health Care, Inc., which he founded in 1989 and sold separately to Revco and NCS HealthCare; and field operations manager with the Walgreen Company, a leading retail drug chain.  Mr. Richardson is a pharmacist by training and holds a bachelor in science degree in pharmacy from Purdue University.  He has served on various boards and committees of pharmacy organizations, including NACDS, and speaks nationally on pharmacy technology and automation.

Ms. Nekoranec has extensive experience in private equity and venture capital, including LBK Capital, where she has been a managing director since 2003. Prior to founding LBK, Ms. Nekoranec was a Managing Director at Investor Growth Capital, a $1.8 billion venture capital firm focused on later stage technology and health care companies in the U.S. and Europe and a Director at the Safeguard International Fund, a $400 million international buyout fund.

Mr. Brady has extensive marketing and operations experience in all aspects of pharmacy.  Prior to co-founding PrairieStone, he was an Area Manager in Specialty Sales with Novartis Pharmaceuticals.  Prior to that, Mr. Brady served as Vice President of Sales and was a member of the Senior Management for NCS Healthcare.  In addition, he held positions with Cardinal Health and Edelman Worldwide.

About Arcadia Resources
Arcadia Resources, Inc. is a national provider of alternate site health care services and products, including respiratory and durable medical equipment; non-medical and medical staffing, including travel nursing; a mail-order pharmacy; and catalog of healthcare-oriented products, also available for purchase on http://www.arcadiahomehealth.com and other leading retailer websites. Through industry partnerships, the Company is also establishing walk-in routine (non-emergency) medical clinics inside of retail stores. Arcadia'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 or through the convenience of local health care sites. For more information on the Company, visit our website: http://www.arcadiaresourcesinc.com.

Contact: Tracey Wolf of Arcadia Resources, Inc. at 239-434-8884 x 201.
Media: Andrew Frank at Kreab/Strategy XXI (212) 935-0210 or
Dan Fleshler at Kreab/Strategy XXI (212) 935-0210

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 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 involve known and unknown risks, estimates, 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, including our estimates of consumer demand for retail store health clinic services, required capital investment, build-out schedules, competition, and other factors. Actual results may differ materially from those anticipated or implied in the forward-looking statements, which speak only as of the date hereof. Additional information that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law.