Arcadia Resources, Inc.
NEWS
“Arcadia is a strong player in America’s most consistently growing industries: temporary staffing and home health care.”

Arcadia Management Team Rings Opening Bell at the American Stock Exchange


SOUTHFIELD, MI, August 18, 2006 — Arcadia Resources, Inc., (Amex: KAD), a national provider of home care, staffing services and related home care equipment and medications, was honored in the opening bell ceremony at the American Stock Exchange (Amex®) on August 14, 2006. Arcadia Chairman and CEO John E. Elliott II rang the opening bell to begin trading on the exchange for the day.

A video of the opening bell ceremony and subsequent interview with John E. Elliott II, CEO and Lawrence R. Kuhnert, President, is available for viewing on the American Stock Exchange website. The direct link to the site is http://www.amex.com/.

“Transitioning to the Amex marks a significant new milestone for our Company,” said Elliott. “We are in thousands of homes on a daily basis taking care of the elderly. We also have other exciting platforms. Our latest is the retail market where we are selling our equipment and supplies through retail stores. We also are launching a business to operate non-emergency walk-in clinics in other retailers’ host sites, which will be staffed with our nurse practitioners.

“Our ability to innovate and create branded Arcadia Divisions provides multiple cross-selling and marketing opportunities that can deliver steady growth on a profitable basis” he added.  “Our Amex listing complements our efforts to achieve greater market visibility and accessibility for our shareholders, institutional investors and analysts following our evolving story.”

About American Stock Exchange

The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 167 ETFs to date. The Amex is also one of the largest options exchanges in the United States trading options on broad-based and sector indexes as well as domestic and foreign stocks.

About Arcadia Resources, Inc.

Arcadia Resources, Inc. is a national provider of home 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 health care-oriented products, also available for purchase on 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 supercenter-type 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: www.arcadiaresourcesinc.com.

Contact: Tracey Wolf of Arcadia Resources, Inc. at 239-434-8884 x 201.

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, if 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 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.


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