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Arcadia Resources Responds to Share Price Volatility
Date:6/19/2009

INDIANAPOLIS, June 19 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider of home care, medical staffing, and pharmacy services under the Arcadia HealthCare(SM) brand, today issued the following statement in response to recent volatility in the price of its shares.

Today's decline in Arcadia's share price appears to be related to investor speculation following a Form 4 filing with the Securities and Exchange Commission (SEC) by entities affiliated with Arcadia director, Russell T. (Tres) Lund III. The Form 4 filing was made in response to the sale of 50,000 shares of the Company's stock on the open market on June 17 and 18. The sale of these shares was the result of the pending dissolution of LFHI Rx LLC, an investment partnership which held an ownership interest in Arcadia subsidiary PrairieStone Pharmacy. Arcadia acquired PrairieStone Pharmacy in a stock swap in February, 2007, when LFHI Rx LLC acquired its stake in Arcadia common stock.

With the unwinding of the fund, LFHA Rx LLC's holdings are to be distributed to the fund's investors and 50,000 shares were sold to cover legal and professional fees related to the dissolution.

Tres Lund and the entities that he is affiliated with continue to hold approximately 3.2 million shares of common stock of Arcadia Resources.

"While these shares were sold by an entity with which I am affiliated, the sale was for administrative expenses and does not reflect any personal decision regarding my investment in Arcadia," said Tres Lund. "I remain confident in the future of Arcadia as evidenced by my continued significant investment in the Company, and I look forward to the continued growth and success of Arcadia Resources."

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SOURCE Arcadia Resources, Inc.
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