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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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Standard & Poor's Initiates Factual Stock Report Coverage on Arcadia Resources, Inc.
New York, NY, December 13, 2007 -- Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Arcadia Resources, Inc.
Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (ASE:KAD), and is a leading provider of home health care/medical staffing; respiratory/durable medical equipment and specialty pharmacy services under its proprietary DailyMed™ program. Additionally, the company extends its health care offerings through affiliated and managed locations on a fee for service basis.
The company, headquartered in Indianapolis, Indiana, had fiscal 2007 revenues of nearly $160 million and has grown into 110 locations in 22 states primarily through acquisitions, and currently employs over 13,000 full and part-time Associates.
This report notes that Arcadia feel it is, “solidly positioned to provide high-quality, cost-efficient solutions” to emerging health care needs. The home care market is becoming increasingly popular as mounting evidence proves that recovery is better and quicker in the home setting. The market need is expected to continue to grow year-over-year by double digits as the aging of the Baby Boomer generation stimulates an increased need for home care, medications and home medical equipment. In addition, businesses and government continue to search for ways to reduce health care cost while maintaining quality care.
This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about Arcadia Resources, Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.
About Arcadia HealthCare
Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (AMEX: KAD), and is a national provider of alternate site healthcare services and products, including respiratory and durable medical equipment; non-medical and medical staffing, including travel nursing; comprehensive central fill and licensed pharmacy services including its proprietary DailyMed™ Pharmacy program and a catalog of healthcare-oriented products, available for purchase on http://www.ArcadiaHealthCare.com and other leading retailer websites.
Through industry partnerships, the Company is also establishing a licensed model for walk-in routine (non-emergency) medical clinics inside of retail stores. Arcadia HealthCare’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 healthcare sites. The Company’s annual report on Form 10-K for the year ended March 31, 2007 is available on the Company’s website (http://www.arcadiahealthcare.com and the SEC website (http://www.sec.gov).
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 are not guarantees of future performance and 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 our services and products, required capital investment, competition, and other factors. Actual events and results may differ materially from those expressed, implied or forecasted in forward-looking statements due to a number of factors. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the Company’s filings with the Securities and Exchange Commission from time to time, including the section entitled "Risk Factors" and elsewhere in the Company’s most recent Annual Report on Form 10-K and subsequent periodic reports. Among the factors that could cause future results to differ materially from those provided in our press release are: (i) we cannot be certain or our ability to generate sufficient cash flow to meet our obligations on a timely basis; (ii) the marketing initiatives currently planned in conjunction with the State of Indiana and its agencies may be insufficient for DailyMed™ to achieve the market penetration and the additional payor contracts necessary to meet our revenue growth targets; (iii) the metrics for the pilot launch of DailyMed™ in other geographic locations may not accurately predict the demand for DailyMed™ in Indiana; (iv) we may not succeed in executing the national launch of DailyMed™ on schedule; (v) we may be unable to execute and implement our growth strategy; (vi) our plan to reduce SG&A costs may be unsuccessful; (vii) we may be unable to improve the timely collection of our accounts receivables; and (viii) other unforeseen events may impact our business. The forward looking statements speak only as of the date hereof. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law.
Arcadia Resources, Inc. Contact:
Amalia “Molly” Blanco
(317) 569-8234 x103
ablanco@ArcadiaHealthCare.com
Standard & Poor's Contact:
Customer Contact:
Richard Albanese
212-438-3647
richard_albanese@standardandpoors.com
Media Relations Contact:
Michael Privitera
212-438-6679
michael_privitera@standardandpoors.com
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