Navigation Links
Standard Management Seeks Additional Shares
Date:3/3/2008

INDIANAPOLIS, March 3 /PRNewswire-FirstCall/ -- Standard Management Corporation ("Standard Management" or the "Company") (OTC: SMAN, SMANP), an Indianapolis-based healthcare company, announced today the filing of a 14C Information Statement pursuant to Section 14C of the Securities and Exchange Act of 1934. The board of directors approved an amendment to increase the number of authorized shares of the Company's common stock from 200,000,000 to 300,000,000 shares. In connection therewith, a resolution will be introduced at a special meeting of shareholders to be held at the executive offices of the Company on April 4, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010416/STANDARDLOGO )

Ronald D. Hunter, Chairman, President and Chief Executive Officer, stated "With the additional shares available, the Company will be positioned to finalize certain ongoing initiatives both in the residential long-term care market through Standard Management and as the managing member of Universal Healthcare Company, LLC". Hunter added, "Universal serves the long-term care sector of healthcare by providing pharmaceuticals to congregate living patients in nursing homes and assisted living facilities."

Mr. Hunter continued, "The investment of time, money and manpower is presenting many opportunities in two of the fastest growing sectors of healthcare. The demographics are definitely in our favor. We remain confident in our ability to achieve the stated goal of which we established at the time we entered the healthcare space."

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 those contemplated by the forward-looking statements. Such factors include, but are not limited to the ability of our management team to successfully operate a health services business with limited experience in that industry; our ability to expand our health services business both organically and through acquisitions, including our ability to identify suitable acquisition candidates, acquire them at favorable prices and successfully integrate them into our business; general economic conditions and other factors, including prevailing interest rate levels and stock market performance, which may affect our ability to obtain the proposed capital and additional capital when needed and on favorable terms; customer response to new products, distribution channels and marketing initiatives; and increasing competition in the sale of our products.

We caution you that, while forward-looking statements reflect our good faith beliefs, these statements are not guarantees of future performance. In addition, we disclaim any obligation to publicly update or revise any forward- looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Standard Management is a holding company headquartered in Indianapolis, IN. Information about the Company can be obtained by calling the Investor Relations Department at 317.574.6210 or via the Internet at http://www.SMAN.com.


'/>"/>
SOURCE Standard Management Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. URAC Invites Health Management Industry, Public for Comments on Changes to Its Core Accreditation Standards
2. Study looks at new bladder cancer therapy for patients unresponsive to standard treatment
3. Upscale Yet Affordable Housing Sets New Standard for Seniors
4. Standard test for blood sugar control not accurate in diabetic dialysis patients
5. Standard & Poors Announces Change to U.S. Index
6. CAQH Core Rules Final Component of HITSP Interoperability Standards Formally Recognized By HHS Sec. Leavitt
7. New hospital standards needed for pediatric flu vaccines
8. Pharma Product Commercialization: Standardized Team Processes Help Save Complex Drug Launches
9. Health Care Solutions Provider Payformance Health Standardizes on PGP Encryption for Data Security
10. Digirad to Introduce New Clinical Standard for Cardiac SPECT
11. HHS Secretary Recognizes Products of HITSP Standards Work
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... ... "With 30 hand-drawn hand gesture animations, FCPX users can easily customize each ... Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures into hand ... select a ProHand generator and drag it above media or text in the Final ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary ... Work award to iHire in recognition of their exemplary accomplishments in worksite health promotion. ... Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... June 19, ... the dangers associated with chronic pain and the benefits of holistic treatments, Serenity ... who are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a ...
(Date:6/24/2016)... ... June 24, 2016 , ... Dr. Amanda ... orthodontic treatment. Dr. Cheng has extensive experience with all areas of orthodontics, including ... accelerated osteogenic orthodontics. , Micro-osteoperforation is a revolutionary adjunct to orthodontic treatment. ...
(Date:6/24/2016)... Norcross, Georgia (PRWEB) , ... June 24, 2016 ... ... Year” awards today at the Clinical Decision Making in Emergency Medicine conference in ... who have authored journal articles published in Emergency Medicine Practice and ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... 52" report to their offering. ... creates a favourable commercial environment for MedImmune to enter. The ... that will serve to drive considerable growth for effective anti-influenza ... to cap sales considerably, but development is still in its ...
(Date:6/23/2016)... INDIANAPOLIS , June 23, 2016 If ... Leaders Scholarship is any indication, the future is in ... at www.diabetesscholars.org by the Diabetes Scholars Foundation ... the way of academic and community service excellence. ... since 2012, and continues to advocate for people with ...
Breaking Medicine Technology: