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CRDT Simplify Opportunistic Income ETF

25.01
0.00 (0.00%)
Pre Market
Last Updated: 13:11:39
Delayed by 15 minutes
Name Symbol Market Type
Simplify Opportunistic Income ETF AMEX:CRDT AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 25.01 0 13:11:39

Crdentia Completes Acquisition of Staff Search Ltd.

18/04/2006 10:05pm

PR Newswire (US)


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DALLAS, April 18 /PRNewswire-FirstCall/ -- Crdentia Corp. (OTC:CRDT) (BULLETIN BOARD: CRDT) , a leading U.S. provider of healthcare staffing services, today announced that it has acquired Staff Search Ltd., a provider of per diem nursing and allied medical staffing services throughout major metropolitan areas in Texas. Terms of the transactions were not released. Staff Search, which operates primarily in Houston, San Antonio, Austin and Dallas, Texas, was founded in 1984 by James Iden and generated 2005 annual revenues of approximately $13 million. Staff Search has strong hospital and allied clientele data basing over 3,500 healthcare professionals, including nurses and allied health professionals such as nursing, administrative, dieticians, social workers, case managers, diagnostic imaging, physical therapists and clinical laboratory technicians. James Iden has joined Crdentia's senior management team and will be responsible for rolling-out allied staffing services to Crdentia's other offices. "I am pleased to announce Crdentia's acquisition of Staff Search, which will significantly expand our ability to meet the growing staffing requirements of our customers in the major metro areas throughout Texas," said Crdentia's Chairman and Chief Executive Officer James D. Durham. "As in many parts of the country, there remains a shortage of qualified health care professionals in these markets. In fact, with the acquisition of Staff Search, we will now have a critical mass of allied health care professionals to add to Crdentia's multidimensional arsenal of staffing services, which also includes per diem, travel nursing, international recruitment, contractual and private duty healthcare. We expect to take advantage of this and grow the business by augmenting Staff Search's local per diem nursing and allied staff with Crdentia's additional resources to reduce the amount of unfilled staffing requests. In addition, we will look to achieve operational synergies by consolidating Staff Search operations in Houston and Dallas with Crdentia's existing hub offices in these markets." James Iden, founder of Staff Search, commented "Joining forces with Crdentia gives Staff Search access to additional capital, improved distribution networks and new products and services to the healthcare staffing markets throughout Texas. I firmly believe that this will enable Staff Search to grow larger and faster in providing career opportunities to its staff members, while improving the level of healthcare delivery in the communities served than we could have on a stand-alone basis. Crdentia is highly regarded for its industry experience and management strength and I look forward to joining the Crdentia team." Staff Search represents Crdentia's tenth acquisition focusing on healthcare staffing services since commencing operations in August, 2002. Crdentia currently ranks among the 10 largest healthcare staffing providers in the U.S. market and earlier this year the Company was ranked as the second fastest-growing public company in the Dallas/Ft. Worth Metroplex by the Dallas Business Journal. About Crdentia Corp. Crdentia Corp. is one of the nation's leading providers of healthcare staffing services. Crdentia seeks to capitalize on an opportunity that currently exists in the healthcare industry by targeting the critical nursing and allied shortage issue. There are many small, private companies that are addressing the rapidly expanding needs of the healthcare industry. Unfortunately, due to their relatively small capitalization, they are unable to maximize their potential, obtain outside capital or expand. By consolidating well-run small private companies into a larger public entity, Crdentia intends to facilitate access to capital, the acquisition of technology, providing greater diversity of client services and expanded distribution that, in turn, drive internal growth. For more information, visit http://www.crdentia.com/. Forward Looking Statements Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-KSB, Forms 10-QSB, and other filings with the Securities and Exchange Commission. Such risk factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team, members of which have other business interests; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; the growth of the temporary healthcare professional staffing business; difficulty in managing operations of acquired businesses; uncertainty in government regulation of the healthcare industry; and the limited public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: James D. Durham Lasse Glassen Chairman and CEO 310-854-8313 972-850-0780 DATASOURCE: Crdentia Corp CONTACT: James D. Durham, Chairman and CEO of Crdentia Corp., +1-972-850-0780; or Lasse Glassen of Financial Relations Board, +1-310-854-8313, , for Crdentia Corp. Web site: http://www.crdentia.com/

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