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United American Healthcare Corporation Announces Fiscal 2008 Third Quarter Results
Date:5/13/2008

149 86

Total expenses 10,531 4,580 23,317 12,348

Earnings (loss) from

operations before

income taxes (2,256) (30) (1,806) 599

Income tax expense 1,514 9 1,635 78

Net earnings

(loss) $(3,770) $(39) $(3,441) $521

Net earnings (loss) per

common share - basic

Net earnings (loss)

per common share $(0.43) $(0.00) $(0.40) $0.07

Weighted average

shares outstanding 8,706 8,579 8,643 7,941

Net earnings (loss) per

common share - diluted

Net earnings (loss)

per common share $(0.43) $(0.00) $(0.40) $0.06

Weighted average

shares outstanding 8,706 8,579 8,643 8,284

See accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

United American Healthcare Corporation and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

March 31, June 30,

2008 2007

(Unaudited)

Assets

Current assets

Cash and cash equivalents $10,399 $8,932

Marketable securities 8,774 5,296

Accounts receivable - State of Tennessee, net 1,129 1,455

Interest receivable 439 578

Other receivables 292 455

Prepaid expenses and other 251 511

Deferred income taxes
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SOURCE United American Healthcare Corporation
Copyright©2008 PR Newswire.
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