Navigation Links
American HealthChoice CEO Dr. J.W. Stucki Provides Company Update
Date:6/24/2008

FLOWER MOUND, Texas, June 24 /PRNewswire-FirstCall/ -- American HealthChoice, Inc. (Pink Sheets: AMHI), http://www.americanhealthchoice.com, a medical services company with medical clinics in Texas and Tennessee, today, in an update for Company shareholders, said its net income for the six months ended March 31, 2008, totaled $32,300.

Net income for the second quarter ended March 31, 2008 totaled $47,300. The Company announced that patient billings from its four company-owned clinics and affiliated clinics totaled $2.5 million for the first six months of the current fiscal year.

Finally, the Company announced that it has reached agreement with its lender and debenture holders on a restructuring that will limit stock dilution. "With this restructuring, AMHI is positioned for future growth," said Dr. J.W. Stucki, Chairman and CEO. The Company said it will make cash payment of $7500 a month for the next 26 months as part of the restructuring.

Dr. Stucki said the Company will update shareholders on its telemedicine systems and its OmniBody scan in a news release soon.

American HealthChoice, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

Six months ended

December March March

2007 Q 2008 Q 2008

Patient billings-Company-owned $1,241,400 $1,215,500 $2,456,900

Provision for discount on billings 696,600 675,900 1,372,500

Net patient billings-Company-owned 544,800 539,600 1,084,400

Net retained affiliated 71,000 71,000 142,000

Net clinic billings 615,800 610,600 1,226,400

Clinic expenses 450,700 405,900 856,600

Corporate expenses 159,100 136,400 295,500

Total operating expenses 609,800 542,300 1,152,100

Operating income 6,000 68,300 74,300

Other expenses 21,000 21,000 42,000

Net income (loss) $(15,000) $47,300 $32,300

Average common shares outstanding 153,000,000 160,000,000 157,000,000

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2005 filed with the Securities and Exchange Commission on January 13, 2006.

CONTACT:

Dr. J.W. Stucki, CEO

American HealthChoice, Inc.

817/837-8000

Paul Knopick

E & E Communications

949/707-5365

pknopick@eandecommunications.com


'/>"/>
SOURCE American HealthChoice, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Many Older Americans Have Active Sex Lives
2. Despite grumbling, most Americans say they are happy at work
3. Record Number of Americans Lack Health Insurance
4. Longaberger Expands Horizon of Hope Campaign to Build Support for American Cancer Societys Breast Cancer Initiatives
5. AUDIO from Medialink and Pfizer: Number of Uninsured Americans Grows to 47 Million
6. New Survey Shows Americans are Still Concerned About Food Safety, Yet Still Not Smart About What They Like to Eat
7. Novo Nordisk Appoints New Leader of North American Business
8. Amid Improving Life Expectancy Rates, Risk of Premature Death is Still Significant for Americans, New Study Shows
9. Primary biliary cirrhosis more severe in African-American and Hispanic patients
10. AOA President Calls on Congress to Reauthorize SCHIP and Take Action to Ensure Health Care Coverage for All Americans
11. American Chemical Societys Weekly Presspac -- Sept. 5, 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/22/2017)... PITTSBURGH, PA (PRWEB) , ... September 22, 2017 ... ... as soon as possible, and they often saves lives. However, if one isn’t ... order to widen the availability of defibrillation, I came up with this idea," ...
(Date:9/22/2017)... ... 22, 2017 , ... After a long health ordeal that ... lease on life with assistance from CreditAssociates. CreditAssociates provides debt relief and debt ... debt. The senior is one of the satisfied clients who expressed their appreciation ...
(Date:9/22/2017)... ... September 22, 2017 , ... Happy Living’s mission - to improve ... carries it into the entertaining and delicious worlds of theatre and wines. , ... Living) convinced him to turn his play into a book. The Greener The Grass ...
(Date:9/22/2017)... ... September 22, 2017 , ... TopConsumerReviews.com ... by Native Remedies that helps promote pancreatic health and regulate blood sugar ... some prescription-based approaches can have negative side effects, and with the changes in ...
(Date:9/22/2017)... ... September 22, 2017 , ... ... brush more effectively even on the go. Their electric toothbrushes aggressively attack oral ... inflammation, with UV sanitizing technology. Combining leading edge Enke technology with a premium ...
Breaking Medicine News(10 mins):
(Date:9/12/2017)... , Sept. 12, 2017  Consumer reviews on the independent ... as the number one company for hearing aids, ranking it ... fifteen other brands. ... Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that provides high performance, ...
(Date:9/7/2017)... 7, 2017  Eli Lilly and Company (NYSE: ... streamline operations to more efficiently focus resources on ... structure. Global workforce reductions, including those from a ... impact approximately 3,500 positions. With ... savings of approximately $500 million that will begin ...
(Date:9/7/2017)... , Sept. 7, 2017   BioLife Solutions , ... and marketer of proprietary clinical grade cell and tissue ... announces that Mike Rice , President and CEO, will ... Rodman & Renshaw 19 th Annual ... Eastern time (12:25 p.m. Pacific time). The conference is being ...
Breaking Medicine Technology: