AIM HEALTH GROUP INC. ANNOUNCES DECEMBER 31, 2010 FINANCIAL RESULTS: Company reports record profits for 2010

TORONTO, April 28 /CNW/ -- 
Highlights:


    --  13% revenue growth quarter-over-quarter from prior year
    --  11% annual EBITDA growth
    --  Developed leadership role in the standardization of the medical
        management of chronic pain
    --  Developed and extended partnerships with the pharmaceutical
        industry in the areas of chronic disease management
    --  Continued expansion of Corporate Health services through the
        development of new contracts and a National delivery network



TORONTO, April 28 /CNW/ - AIM Health Group Inc. ("AIM" or the "Company")
 (TSXV - AHG), a fully integrated health care company, announced today
 that its net income for the year ended December 31, 2010 ("Fiscal
 2010") increased to $2.1 million from $1.3 million in 2009.  At the
 same time EBITDA(1) increased to $3.3 million from $2.8 million for the year ended December
 31, 2009.  The Company also announced that revenues increased 9% to
 $59.1 million for Fiscal 2010 from $54.1million for Fiscal 2009.


Net income increased from $0.0 million for the fourth quarter of 2009 to
 $0.8 million for the three months ended December 31, 2010.  Revenues
 increased from $13.7 million for the quarter ended December 31, 2009 to
 $15.5 million for the quarter ended December 31, 2010.


Dr. Lu Barbuto, President and Chief Executive Officer of AIM commented,
 "While 2010 was a year of continued improvement in revenue and
 profitability, our focus was on continuing to develop services to allow
 for long term growth using our medical expertise in key areas of Health
 Care.  As we enter 2011, AIM is poised to execute on new opportunities
 as they arise. We look forward to playing a key role in community based
 primary care as new healthcare partnership opportunities arise."


The Company's financial results are summarized as follows:







 ($000's
except share            Three Months Ended                        Year Ended 
information) 

                              December 31                         December 31 

                     2010              2009              2010              2009 

Revenue                15,507            13,686            59,134            54,105

EBITDA 
(1)                       504               590             3,308             2,980

Net income
for the                   827                 8             2,089             1,279
period 

                                                                                   

Net income
per common    $                 $                 $                 $              
share (basic             0.01              0.00              0.02              0.01
and diluted) 

                                                                                   

Weighted
average
shares            108,693,531       105,836,391       107,026,866       103,467,396
outstanding,
basic 






(1)  EBITDA is defined as earnings before interest, taxes and non-cash
 items including stock compensation, amortization and accretion
 expenses.


The Company also announced that it has filed its December 31, 2010
 financial results with the securities regulatory authorities. Such
 financial results may be found on SEDAR at www.sedar.com.


About AIM Health Group Inc.


AIM is a fully integrated Canadian health care company that offers
 community based comprehensive services to individuals that are ill,
 injured, or disabled, and to individuals requiring lifestyle
 interventions to improve their quality of life (wellness). This
 philosophy translates into a continuum of health delivery where the
 individual's health care is integrated with the various service
 providers through a public-private funding delivery model. This
 continuum of care model is the core concept of AIM's integrated service
 and delivery model.


AIM's service lines integrate all aspects of health care and include,
 but are not limited to, Clinical Services, encompassing family
 medicine, infusion therapies, medical chronic pain management,
 inter-disciplinary rehabilitation; Corporate Health and Disability
 Management; and Pharmaceutical Services including hospital and
 community-based research on behalf of third-party pharmaceutical
 companies, original research and pharmacy services.


Caution Concerning Forward-Looking Statements


Certain statements in this press release are forward-looking
 statements.  These statements are based upon certain material factors,
 assumptions and analyses that were applied in drawing a conclusion or
 making a forecast or projection, including AIM's experience and
 perceptions of historical trends, current conditions and expected
 future developments, as well as other factors that are believed to be
 appropriate in the circumstances.  Forward-looking statements are
 provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are
 cautioned that such statements may not be appropriate for other
 purposes. These statements may include, without limitation, statements
 regarding the operations, business, financial condition, expected
 financial results, performance, prospects, opportunities, priorities,
 targets, goals, ongoing objectives, strategies and outlook of AIM for
 the current fiscal year and subsequent periods. Forward-looking
 statements include statements that are predictive in nature, depend
 upon or refer to future events or conditions.


By its nature, this information is subject to inherent risks and
 uncertainties that may be general or specific and which give rise to
 the possibility that expectations, forecasts, predictions, projections
 or conclusion will not prove to be accurate, that assumptions may not
 be correct and that objectives, strategic goals and priorities will not
 be achieved.  A variety of material factors, many of which are beyond
 AIM's control, affect operations, performance, achievements and results
 of AIM that may be expressed or implied by such forward-looking
 statements and could cause actual results to differ materially from
 current expectations of estimated or anticipated events or results.
 These factors include, but are not limited to: general economic,
 industry and market segment conditions; equipment and labour shortages
 and inflationary costs; changes in applicable environmental, taxation
 and other laws and regulations, as well as how such laws and
 regulations are interpreted and enforced; changes in technology;
 operating risks, including risks inherent in the ability to generate
 sufficient cash flow from operations to meet current and future
 obligations; increased competition; stock market volatility; ability to
 maintain current and obtain additional financing; and management's
 success in anticipating and managing the foregoing factors.


The reader is cautioned that the foregoing list of factors is not
 exhaustive of the factors that may affect AIM's forward-looking
 statements. The reader is also cautioned to consider these and other
 factors, uncertainties and potential events carefully and not to put
 undue reliance on forward-looking statements. Although the
 forward-looking statements contained in this press release are based
 upon what management of AIM currently believes to be reasonable
 assumptions, actual results, performance or achievements could differ
 materially from those expressed in, or implied by, this forward-looking
 information and, accordingly, no assurance can be given that any of the
 events anticipated by the forward-looking information will transpire or
 occur, or if any of them do so, what benefits will be derived
 therefrom. These forward-looking statements are made as of the date of
 this release and, other than as specifically required by law, AIM does
 not assume any obligation to update or revise any forward-looking
 statement to reflect events or circumstances after the date on which
 such statement is made, or to reflect the occurrence of unanticipated
 events, whether as a result of new information, future events or
 results, or otherwise.


THE TSX VENTURE EXCHANGE INC. HAS IN NO WAY APPROVED NOR DISAPPROVED THE
 CONTENTS OF THIS PRESS RELEASE.


 


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p AIM Health Group Inc.br/ Lu Barbuto, President and Chief Executive Officer orbr/ Greg Van Staveren, Chief Financial Officerbr/ 905-475-3353 /p 

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