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ACDI ARCADIA RES INC

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Share Name Share Symbol Market Type
ARCADIA RES INC AMEX:ACDI AMEX Common Stock
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Arcadia Resources Acquires Rite at Home; Gains Licensing Rights to Market 'Sears Shop at Home' Health & Wellness Products

20/06/2005 2:02pm

PR Newswire (US)


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Arcadia Resources Acquires Rite at Home; Gains Licensing Rights to Market 'Sears Shop at Home' Health & Wellness Products SOUTHFIELD, Mich., June 20 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc., (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading provider of home care and staffing services, mail order pharmacy and durable medical equipment ("DME"), announced today that it has acquired Rite at Home Healthcare Products, L.L.C. ("Rite at Home") of Burr Ridge, Illinois, a catalog outsourcing and product fulfillment company. Rite at Home currently creates and distributes the business-to-consumer marketing efforts of one of the nation's largest retailers, Sears Shop at Home Services, a specialty catalog of Sears, Roebuck and Co., a wholly-owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD). With this acquisition, Arcadia Resources gains Rite at Home's licensing rights to distribute Sears Shop at Home catalog of home health and wellness products via direct mail and Internet. The products offered are a full range of health and wellness products, which include mobility aides, aides for daily living, adjustable beds and stairway lifts. Darrin Schmidt, General Manager of Rite at Home, stated, "We are very pleased to be joining the Arcadia family of companies. Arcadia provides us the additional resources to offer our product listing to an expanded target audience." John E. Elliott II, Chairman and CEO of Arcadia Resources, stated, "Sears and the Sears Catalog(R) are arguably the most recognizable and trusted brands among our target demographic audience. Rite at Home retains a long-standing marketing relationship with Sears, bringing Arcadia an exciting new sales channel." Since mid-2004, Arcadia has successfully acquired multiple staffing and home health care businesses in Alabama, Colorado, Florida, Georgia, Indiana, Illinois, Massachusetts and North Carolina. Arcadia plans to continue to acquire synergistic companies with established operations in the U.S. throughout 2005. Sears Shop at Home Services, Sears Catalog(R), Sears, and the Sears logo are trademarks of Sears, Roebuck and Co. About Arcadia Resources, Inc. Arcadia Resources, Inc., helps organizations operate more effectively and with greater flexibility, and enables individuals to manage illness and injury in the comfort of their own homes. Headquartered in Southfield, Michigan, the company's core businesses are comprehensive home care services, medical and non-medical staffing, mail-order pharmacy and durable medical equipment. For more information about Arcadia, please visit the company's Web site at http://www.arcadiaresourcesinc.com/. Investors should visit http://nfnonline.com/acdi/. For more information, contact: Geoff Eiten, Investor Relations, National Financial Network, 781-444-6100 x613; . Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Arcadia Resources, Inc. CONTACT: Geoff Eiten, Investor Relations of National Financial Network, +1-781-444-6100 x613, , for Arcadia Resources, Inc. Web site: http://www.arcadiaresourcesinc.com/ http://nfnonline.com/acdi

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