FLOWER MOUND, Texas, Jan. 16 /PRNewswire-FirstCall/ -- American HealthChoice, Inc. (Pink Sheets: AMHI), a medical services company with medical clinics in Texas and Tennessee, today, in an update for Company shareholders, said its net income for the year ended September 30, 2007, totaled $243,000.
"It was a year of positioning, growth and also stabilization," said Dr. J.W. Stucki, Chairman and CEO. "I am updating our shareholders on these achievements as we move into 2008."
Dr. Stucki said:
The Company has reduced its clinics to a core of six profitable clinics that should bill approximately $5 million in 2008. The clinic operations will continue to contribute profit and will be cash positive in the foreseeable future. AMHI continues to reduce corporate expenses to less than $400,000 annually.
While we continue to work to become current with filings with the U.S. Securities & Exchange Commission, and move back to the Over the Counter Bulletin Board, we are disappointed that our current auditor has been unable to provide the staff necessary to complete this engagement. The situation is exacerbated because Pink Sheets.com now lists AMHI as a company with "No Information." We are working to resolve this situation. Unaudited financials for the Fiscal Year ended September 30, 2007, are part of this news release.
We have implemented our telemedicine (http://www.telmedco.com) systems, a revolutionary new technology which allows a physician to visit a patient through a virtual connection, and we await greater acceptance prior to significant expansion.
Our OmniBody Scan (http://www.rehabco.com), a medical imaging system to
screen for early breast cancer and soft tissue injuries is, we are
confident, a working product that is second to none. We are in a dispute
with the manufacturer, which wants us to accept delivery of system
|SOURCE American HealthChoice, Inc.|
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