Patient Home Monitoring (PHM) Announces Third Quarter Results and Expanded Revenue Growth Strategy

Patient Home Monitoring (PHM) (TSX VENTURE:PHM), a company focused on in-home
cardiology healthcare services, today announced results for its third fiscal
quarter ended June 30, 2011. In conjunction with the results, PHM's management
team provided details behind what is driving the impressive revenue growth. 


PHM will conduct a conference call and webcast on Tuesday, August 30, 2011 at
12:00 pm ET to review and discuss the third quarter 2011 operating results and
to provide a corporate update.


To listen, please visit the investor website at:

www.phmhometesting.com/investor/Q3_2011_Conferencecall

Q3 2011 and Subsequent Highlights

PHM Annualized Revenue Growth from Start-up to Current Reported Quarter

To view the PHM Annualized Revenue Growth graph, please visit the following
link: http://media3.marketwire.com/docs/829phm.pdf




Revenues                                                                    

--  Increased quarterly revenue to $441,997 from $250,901, a 76% increase
    over the prior quarter. 
--  Increased quarterly INR tests(1) recorded to 10,460 from 6,312, a 64%
    increase over the prior quarter. 
--  For the last month in the quarter, June 2011, PHM recorded 4,110 INR
    tests.

Profits                                                                     

--  Increased quarterly gross profit to $275,809, which exceeded total
    revenue from the prior quarter. 
--  Narrowed Adjusted EBITDA before patient acquisition costs(2) (operating
    loss) to $73,410 from $165,101 the prior quarter 
--  Achieved quarterly gross margin of 62.4%, up from 57.4%, a 8.7% increase
    over the prior quarter. 
--  Since early August, PHM has been using the contribution of positive
    adjusted EBITDA before patient acquisition costs to finance further
    growth.

Strategy                                                                    

--  Appointed Dr. Jaime Gerber, MD, FACC, as Interim Chief Executive Officer
    and Chief Strategic Officer. 
--  Finalized the pilot program for operating a point-of-care clinic by: 
    1.  Increasing PST enrollment in the clinic to 33% of the eligible
        patient population, up from an average of 20% from other PHM
        customers. 
    2.  Decreasing costs of operations by developing and implementing more
        efficient systems and processes.



Dr. Jaime Geber, MD, interim CEO and Chief Strategic Officer said, "In this
quarter, we start to see the positive results of the astounding growth that PHM
has had since it started commercial operations about one year ago. Each month,
PHM continues to ship additional meters and increase overall enrollment. As a
result of this, PHM has seen a significant increase in revenues."


In order to fully realize the potential of the market, PHM is leveraging its
current, fast-growth business to become a full service disease management
company for its patients and large cardiology group customers.


Through its frequency of contact with both patient and healthcare provider, PHM
is incredibly well positioned to be the preferred in-home health provider for
patients with all types of disease states relating to cardiac conditions.


With this expanded revenue growth strategy, PHM is positioned to move into a
shared support relationship with the healthcare provider, where the patient has
a natural tendency to move onto a PHM service rather than a more cumbersome,
competitive service.


"Now that PHM is operationally profitable(2)," continued Dr. Gerber, "it can
focus its energy on a broader offering to the market. PHM enjoys an incredible
relationship with patients, nurses and doctors; weekly interaction with its
client base positions PHM to offer comprehensive disease management services in
a way that no other in-home provider is capable of matching."


Dr. Gerber further noted that the expanded revenue growth strategy, implemented
in June as a pilot program, resulted in increased patient enrollment compared to
an average month. 


"While PHM has typically enrolled about 130 patients per month through its
traditional strategy, in June, the expanded revenue strategy resulted in the
enrollment of 220 patients, a significant increase."


PHM is focused on continuing to increase revenue growth while maintaining high
gross margins.


For complete financial results, please see PHM's filings at www.sedar.com.

(1) International normalized ratio ("INR") tests and number of cardiology groups
with patients testing are used as measures of current and future sales
performance. Please refer to the "Non-GAAP Measures" section of PHM's MD&A for
further discussion on these operational measures.


(2) Operational Profitability is defined as Adjusted EBITDA before patient
acquisition costs. In calculating Adjusted EBITDA before patient acquisition
costs certain items are excluded from net loss including interest, taxes,
amortization, non-cash stock-based compensation and patient acquisition costs.
Please refer to the "Non-GAAP Measures" section of PHM's MD&A for further
discussion on these operational measures at


http://phmhometesting.com/investor/public/dl/2011_Q3_MD&A.pdf

About PHM

PHM is a healthcare services company focused on providing in-home testing for
patients on blood thinner medications such as Coumadin(R) or warfarin. Medicare
recently expanded reimbursement for in-home patient self testing (PST) of blood
coagulation levels. PHM has a unique value proposition to cardiology groups that
manage patients on blood thinners, focusing on systemization to enroll patients
in PST. This unique, systemized approach creates an opportunity for physician
groups to operate more efficiently, increasing revenue to their clinic while
providing a higher standard of care for patients.


Information in this news release that is not current or historical factual
information may constitute forward-looking information within the meaning of
securities laws. Implicit in this information, particularly in respect of the
future outlook of PHM and anticipated events or results, are assumptions based
on beliefs of PHM's senior management as well as information currently available
to it. While these assumptions were considered reasonable by PHM at the time of
preparation, they may prove to be incorrect. Readers are cautioned that actual
results are subject to a number of risks and uncertainties, including the
availability of funds and resources to pursue operations, decline of
reimbursement rates, dependence on few payors, possible new drug discoveries, a
novel business model, dependence on key suppliers, granting of permits and
licenses in a highly regulated business, competition, low profit market segments
as well as general economic, market and business conditions, and could differ
materially from what is currently expected.