National Home Health Care Corp. Receives NASDAQ Notice Regarding Delay in Holding Annual Shareholders Meeting

  
    
  
  
    
      National Home Health Care Corp. (NASDAQ National Market:NHHC), a 
      provider of home health care and staffing services in the Northeast, 
      today reported that on August 2, 2007, it received a NASDAQ staff 
      determination indicating that, because NHHC did not comply with 
      Marketplace Rules 4350(e) and 4350(g), which rules require that it hold 
      an annual shareholders meeting prior to July 31, 2007 for the fiscal 
      year ended July 31, 2006, distribute a proxy statement and solicit 
      proxies for that meeting, NHHC’s securities 
      are subject to delisting from The NASDAQ National Market at the opening 
      of business on August 13, 2007. NHHC intends to request a hearing before 
      a NASDAQ Listing Qualifications Panel to review the Staff’s 
      determination, which request will, in accordance with NASDAQ rules, stay 
      the delisting of NHHC’s securities until the 
      panel renders its decision and NHHC’s 
      securities will continue to be traded on the NASDAQ National Market in 
      the interim. There can be no assurance that the NASDAQ hearing panel 
      will grant NHHC’s request for continued 
      listing.
    
    
      NHHC did not hold an annual shareholders meeting prior to July 31, 3007 
      because it anticipated that the merger contemplated by the previously 
      announced Agreement and Plan of Merger dated November 28, 2006 between 
      NHHC and affiliates of Angelo Gordon & Co. would, subject to the 
      satisfaction of certain closing conditions, occur prior to July 31, 
      2007. The merger transaction was delayed in part, however, due to NHHC’s 
      previously announced efforts to pursue certain potentially superior 
      transactions offered by Premier Home Health Care Services, Inc. and 
      amendments to the transaction with affiliates of Angelo Gordon & Co. to 
      enhance that transaction for the benefit of stockholders of NHHC. On 
      June 18, 2007, NHHC issued a press release announcing that, among other 
      things, its stockholders approved and adopted an amended merger 
      agreement dated as of June 4, 2007 with affiliates of Angelo Gordon & 
      Co. and that the merger transactions contemplated thereby are 
      anticipated to occur no later than September 10, 2007, subject to, among 
      other things, the satisfaction of certain closing conditions described 
      therein, principally New York State Department of Health approval. If 
      the merger with affiliates of Angelo Gordon & Co. does not occur, and 
      NHHC has no reason to believe it will not, NHHC plans to hold its annual 
      meeting of shareholders as promptly as practicable following such 
      determination.
    
    
      Under the safe harbor provisions of the Private Securities Litigation 
      Reform Act of 1995, certain statements contained in this press release 
      regarding NHHC and/or NHHC management’s 
      intentions, hopes, beliefs, expectations or predictions of the future 
      are forward-looking statements. These forward-looking statements are not 
      historical facts and are only estimates or predictions. Actual results 
      may differ materially from those projected as a result of risks and 
      uncertainties detailed from time to time in NHHC’s 
      filings with the U.S. Securities and Exchange Commission. NHHC does not 
      intend, or undertake any obligation, to update publicly any 
      forward-looking statements, whether as a result of future events, new 
      information, or otherwise.