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Arcadia Resources Announces Fourth Quarter and Fiscal 2009 Year-End Results
Date:6/25/2009

continue to add patients from the Indiana Care Select program and other payers. We expect DailyMed revenue to grow significantly in fiscal 2010. Our fiscal 2010 first quarter DailyMed revenues are expected to increase more than 40% from last quarter, and we expect to see the positive effects of the new WellPoint program in the second quarter.

"We also expect Home Care revenues to grow 6% to 8% over fiscal 2009 levels," Richardson added. In contrast, our medical staffing revenues remain at lower levels year-over-year due to the economic recession. It is unclear when revenues in that segment will recover, but we are well positioned when that market segment recovers.

"Our focus as a management team remains on continued SG&A expense reductions and a highly disciplined approach to managing our cash resources," Richardson continued. "However, as we continue to ramp-up our DailyMed revenues and reduce our corporate SG&A expenses in light of recent asset sales, we expect to incur a loss in the first quarter ending June 30, 2009, and expect to have negative operating cash flow. We do, however, expect to see sequential improvement during the course of the year."

Richardson concluded: "Though we are never pleased with a loss, fiscal 2009 was unquestionably an important year and a major step forward. We have narrowed our scope, though certainly not our opportunity, and we're committed to becoming part of the new wave of healthcare delivery that is both efficient for the providers and convenient for consumers, while delivering long-term value for our shareholders. DailyMed provides a proven and innovative solution to reduce the soaring costs of health care in America, and there is a great deal of rhetoric about such initiatives, we're actually executing in the real world with real results as evidenced by interest from legislators and strategic partners alike."

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SOURCE Arcadia Resources, Inc.
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