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Arcadia Resources Announces First Quarter Results
Date:8/13/2009

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) we may be required to make significant business investments that do not produce offsetting increases in revenue; (iii) we may be unable to execute and implement our growth strategy; (iv) we may be unable to achieve our targeted performance goals for our business segments; and (v) 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.
                         CONDENSED CONSOLIDATED BALANCE SHEETS
                         (IN THOUSANDS, EXCEPT SHARE AMOUNTS)

                                                         June 30,    March 31,
                                                            2009         2009
                                                            ----         ----
                        ASSETS                          (unaudited)
    Current assets:
     Cash and cash equivalents                              $517       $1,522
            Accounts receivable, net of allowance
             of $3,571 and $3,386, respectively           14,803       15,679
            Inventories, net                                 841          863
            Prepaid expenses and other current
             assets                                        1,577        1,764
            Current assets of discontinued
             operations                                      757        5,458
                                                             ---        -----
                 Total current assets                     18,495       25,286
    Property and equipment, net                            2,180        2,308
    G
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SOURCE  Arcadia Resources, Inc.
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