ARCADIA RES INC (AMEX:ACDI)
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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