INDIANAPOLIS, Sept. 6 /PRNewswire-FirstCall/ -- Standard Management Corporation ("Standard Management" or the "Company") (OTC Bulletin Board: SMAN), an Indianapolis-based company, provides through Universal Healthcare Company, LLC ("Universal" or "UHCC") pharmaceuticals to the long-term care and infusion therapy sector of the healthcare industry.
Martial Knieser, Executive Vice President, Corporate Development stated, "This listing to the OTCBB is the next step in returning to the Nasdaq Exchange."
The Company voluntarily delisted from Nasdaq on May 18, 2006 in order to transition the Company from financial services to healthcare with less restrictions in pursuing acquisitions.
The common stock of Standard Management was previously listed on the pink sheets as SMANPK.
Mark Long, President of Universal commented, "With our acquisition pipeline, management believes the Company can reach its goal of approximately $100 million of run rate revenue by year end 2007.
This press release contains "forward-looking statements" within the
meaning of section 27 A of the Securities Act of 1933. The use of the words
"believe," "expect," "anticipate," "intend," "may," estimate," "could,"
"plans," and other similar expressions, or the negations thereof, generally
identify forward-looking statements. Forward-looking statements in this
press release include, without limitation, the ability of the Company to
address the factors sighted by our independent auditors as a basis for
their qualified audit opinion, the performance and growth of our business,
potential future acquisitions, and their impact on the Company's
performance. These forward- looking statements are subject to known and
unknown risks, uncertainties and other factors, which could cause actual
results to be materially different from th
|SOURCE Standard Management Corporation|
Copyright©2007 PR Newswire.
All rights reserved