Atc Healthcare (AMEX:AHN)
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ATC Healthcare, Inc. (AMEX:AHN
- News), a leader in
medical staffing, announced today that it expects to file its Form 10-Q
for the fiscal quarter ended November 30, 2007 within the next 60 days.
In the course of preparing its financial statements for the period ended
August 31, 2007, the company had discovered certain items which were not
properly recorded in prior financial statements, including some expense
items that were not sufficiently recorded. The company is currently
completing this work and expects to file its Form 10-Q for the fiscal
quarter ended August 31, 2007 in the next 30 days and to file its Form
10-Q for the fiscal quarter ended November 30, 2007 within 30 days of
that. Excluding the aforementioned items, the company expects to report
revenues and a net loss attributable to common stockholders for the
quarter ended November 30, 2007 of approximately $21 million and $600
thousand, respectively, as compared to revenues and a net loss
attributable to common stockholders of $23 million and $596 thousand,
respectively, in the comparable year ago quarter.
About ATC Healthcare, Inc.
ATC is a national leader in medical staffing personnel to hospitals,
nursing homes, clinics and other healthcare facilities with 47 locations
in 25 states. ATC provides supplemental staffing, outsourcing and human
resource solutions to hospitals, nursing homes, medical and research
facilities and industry. Drawing from a pool of over 15,000 healthcare
professionals spanning more than 50 specialties, the company supplies
both clinical and non-clinical personnel for short-term, long-term, and “traveling”
contract assignments. To learn more about the company’s
services, visit their website at www.atchealthcare.com.
Forward Looking Statements
Certain statements contained in this release that are not statements of
historical facts are “forward-looking
statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. The words —
“believe”, “expect”,
“anticipate”, “intend”,
“will”, and
similar expressions are examples of words that identify forward-looking
statements. Forward-looking statements include, without limitation,
statements regarding our future financial position, timing of future
revenue, business strategy and cost savings. These forward-looking
statements are based on our current beliefs, as well as assumptions we
have made based upon information currently available to us. These
forward-looking statements may be affected by the risks and
uncertainties in our business and are qualified in their entirety by the
cautionary statements and risk factor disclosure contained in our
filings with the Securities and Exchange Commission, including our
annual report on Form 10-K for the year ended February 28, 2007. We do
not assume, and expressly disclaim, any obligation to update these
forward-looking statements.