Navigation Links
Southern Home Medical Once Again Reduces The Company's Issued And Outstanding Preferred Shares

LYMAN, S.C., Nov. 2, 2012 /PRNewswire/ -- Southern Home Medical, Inc. (OTCPK: SHOM), a holding Company providing healthcare services, staffing and equipment to medical institutions, announced today that it has reduced its issued and outstanding Preferred A share total by retiring 8,000,000 shares leaving a total of Preferred A shares issued of 11,827,000.

In a recent press release dated October 19th, 2012 The Company announced that it reduced its issued and outstanding Preferred C share total by retiring 6,000,000 shares leaving a total issued of 10,131,250 Preferred C Shares.  The announcement also stated that during the month of August it retired 9,250,000 shares of common stock leaving total of 234,510,122 issued and outstanding.

Southern Home Medical continues its dedication to its shareholders to rain in unnecessary dilution as a result of non performing entities not fulfilling their services. These continued share reductions taken by the Company reinforces its commitment to increase the stock value to its shareholders.

Additionally management is very pleased with the progress the Company has made over the last three quarters.  There is plenty of optimism that by continuing these reductions in outstanding shares combined with the growth the Company is experiencing, 2012 expects to end the year with positive EPS (Earnings per Share).

"We are working very hard to demonstrate to you the shareholders that we are dedicated to making this Company worth the continued investment.  We appreciate your support and look forward to continued success," said President and CEO of Southern Home Medical, Jeff Sarvis.

About Southern Home Medical, Inc.

Southern Home Medical, Inc. is a holding company with a focus on servicing the needs of the U.S. healthcare industry. The Company has quality health care professionals to address national shortages in hospitals, rehab centers, nursing homes and other medical facilities. Personnel are available 24/7/365 and include: RN's, LPN's, CNA's, RT's, billing specialists, customer service specialists, delivery techs and marketing reps. The Company has contractual agreements with partner businesses located in Charleston, Columbia, Greenville, Florence and Lake Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland; Atlanta, Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is leveraging the success of these business models to expand sales opportunities in these areas of health, medical, staffing and durable medical equipment needs. For more information, visit

The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

Brittany Toole

SOURCE Southern Home Medical, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Southern Research Signs Agreement with Apath, LLC to Conduct Preclinical Studies with Virus-Based HCV Screenings
2. Medical Oncology Association of Southern California Purchasing Network (MPN) Names Cardinal Health Specialty Solutions as its Primary Healthcare Solutions Partner
3. Sanford Wittels & Heisler Files $100 Million Gender Discrimination Class Action In Southern District Of New York
4. Lung Cancer Alliance Congratulates 75 Medical Centers For Moving Swiftly And Responsibly On Lung Cancer Screening
5. Medical Device Developers - Network at BIOMEDevice Boston Next Week
6. Winner Medicals Special Committee Appoints Independent Financial Advisor and Retains Legal Counsel
7. Study Finds Utilizing Integrated Medical and Pharmacy Data Improves Ability to Forecast Use of High-cost Specialty Treatments
8. CareFusion to Sell Neurodiagnostic Business to Natus Medical for $58 Million
9. ulrich medical USA™ Releases New Expandable Spinal Implant for US Market
10. Qmed, the Leading Global MedTech Industry Resource, Partners with Clarimed, to Provide the Medical Manufacturing and Healthcare Industry with FDA Reports on Adverse Events
11. Essential Medical Dismisses Patent Case against Masimo and Cercacor
Post Your Comments:
(Date:6/23/2016)... , June 23, 2016 Bracket , a ... its next generation clinical outcomes platform, Bracket eCOA (SM) ... on June 26 – 30, 2016 in Philadelphia ... electronic Clinical Outcome Assessment product of its kind to fully ... Bracket eCOA 6.0 is a flexible platform for ...
(Date:6/23/2016)... Ill. and INDIANAPOLIS , ... students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship is ... 2016 scholarship winners, announced today online at ... let type 1 diabetes stand in the way of ... has supported the Foundation,s scholarship program since 2012, and ...
(Date:6/23/2016)... , June 23, 2016 ... Oticon , industry leaders in advanced ... launch of Oticon Opn ™, the world,s first ... of possibilities for IoT devices.      (Photo: ... Oticon introduces a number of ,world firsts,: ...
Breaking Medicine Technology:
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/24/2016)... Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... surgery procedures that most people are unfamiliar with. The article goes on to state ... procedures, but also many of these less common operations such as calf and cheek ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Sessions in Dallas that it will receive two significant new grants to support ... as PHA marked its 25th anniversary by recognizing patients, medical professionals and scientists ...
(Date:6/24/2016)... ... , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business ... to $12 an hour by 2020 and then adjusting it yearly to increase at the ... minimum wage, assure the wage floor does not erode again, and make future increases more ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Investment Group (TGIG), has initiated cultivation and processing operations at its production facility, ... Pahrump, Nevada. , Puradigm is the manufacturer of a complete system of proactive ...
Breaking Medicine News(10 mins):