Navigation Links
American HealthChoice CEO Dr. J.W. Stucki Provides Company Update
Date:1/16/2008

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 systems prior to U.S. Food & Drug Administration approval which, we believe, is imminent. We have made a proposal to resolve this issue and the judge has ordered immediate mediation. In the meantime, our marketing efforts have been extremely positive.

AMHI is pleased to announce that its web sites, including http://www.Americanhealthchoice.com have been updated. We will work hard to keep shareholders informed. Growing this Company, and increasing shareholder value, remains our number one concern and goal.

Condensed Consolidated Statements of Operations

(Unaudited)

Three months ended Year ended

December March June September September

2006 2007 2007 2007 2007

Patient

billings-

Company-

owned $1,581,000 $1,466,000 $1,479,000 $1,384,000 $5,910,000

Provision for

discount on

billings 703,000 657,000 701,000 682,000 2,743,000

Net patient

billings-

Company-owned 878,000 809,000 778,000 702,000 3,167,000

Net retained

affiliated 42,000 113,000 130,000 94,000 379,000

Net clinic

billings 920,000 922,000 908,000 796,000 3,546,000

Clinic

expenses 660,000 606,000 518,000 449,000 2,233,000

Corporate

expenses 185,000 178,000 179,000 148,000 690,000

Total

operating

expenses 845,000 784,000 697,000 597,000 2,923,000

Operating

income 75,000 138,000 211,000 199,000 623,000

Other

expenses 100,000 100,000 100,000 100,000 400,000

Net income

(loss) $(25,000) $38,000 $111,000 $99,000 $243,000

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. American Academy of Ophthalmology Mourns Loss of Judah Folkman, MD, Pioneering Researcher
2. American Red Cross Partners With Safety4Kids(R) to Debut Childrens Fire Safety DVD
3. Black Americans Still Wary of Clinical Trials
4. Susan G. Komen for the Cures Circle of Promise and The Links, Incorporated Unite to Rewrite the Story on African Americans and Breast Cancer
5. American Life League Announces Third Training and Activism Weekend
6. Sun Savvy Sadly Lacking Among Americans
7. American Lung Association Report Gives Illinois Mixed Grades
8. American Heart Association President Urges Congress to Support Preventative Measures to Reduce Risk Factors for the Nations No. 1 Killer
9. Federal Government Receives Failing Grades on Tobacco Control in Annual American Lung Association Report
10. EHE International Supports the American Liver Foundations Efforts at Raising Awareness for Hepatitis
11. Gary Tschautscher of Nonin Medical, Inc. Receives CEO of 2007 for North American Patient Monitoring From Frost & Sullivan
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop ... The fitness app plans to fix the two major problems leading the fitness industry today:, ... all type program , They don’t eliminate all the reasons people quit their ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, ... Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. ... skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... First ... United States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell ... facility Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive ...
(Date:6/25/2016)... , ... June 25, 2016 , ... On Friday, June ... a Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments ... of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Those who have ... these feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as ... Michigan, has released tools for healthy coping following a traumatic event. , Trauma sufferers ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)...  Arkis BioSciences, a leading innovator in the ... cerebrospinal fluid treatments, today announced it has secured ... led by Innova Memphis, followed by Angel Capital ... Arkis, new financing will accelerate the commercialization of ... of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
(Date:6/23/2016)... 23, 2016 Research and Markets ... Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic ... Coating, Parenteral) - Global Forecast to 2021" report ... The global pharmaceutical excipients market is projected to ... of 6.1% in the forecast period 2016 to 2021. ...
Breaking Medicine Technology: