NAPLES, Fla., Nov. 4 /PRNewswire-USNewswire/ -- United American Healthcare Corporation has nominated Bruce R. Galloway for election to the Board of Directors at the upcoming Annual Meeting of Shareholders scheduled for Friday, November 7, 2008.
As a beneficial owner of more than one million shares of United American Healthcare's common stock, Lloyd I. Miller III intends to vote for Bruce R. Galloway as director. The proposal for the election of directors is more fully described in United American Healthcare's proxy statement for the Annual Meeting.
Specifically, Mr. Miller intends to vote for Mr. Galloway as the
Company's nominee to the Board of Directors for the following reasons:
-- Mr. Miller commends the change in governance of the Company as the
current Chairman steps off the Board of Directors at the Annual Meeting
of Shareholders in 2008. Mr. Miller believes that this change in
governance will be in the interest of shareholders and will separate the
role of President and Chief Executive Officer from the role of Chairman
of the Board, consistent with good governance practices.
-- Mr. Miller also believes that his interests as a shareholder, including
his interest in receiving a dividend as a significant return of capital,
will be better represented as a result of the addition of a prominent
shareholder to the Board of Directors.
Lloyd Miller is seeking solely to inform United American Healthcare shareholders of his voting intentions and reasons for voting for Bruce R. Galloway as director. He is not soliciting votes of other shareholders.
CONTACT: Lloyd I. Miller III, +1-239-262-8577
|SOURCE Lloyd I. Miller III|
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