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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 Expands In-Home Health Care Business in Southwest Florida

19/07/2005 2:02pm

PR Newswire (US)


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Arcadia Resources Expands In-Home Health Care Business in Southwest Florida --Acquires Fort Myers Operations of Alternative Home Health Care-- SOUTHFIELD, Mich., July 19 /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 the Fort Myers, Florida operations of Alternative Home Health Care of Lee County, Inc., a home care agency that provides licensed nurses, certified home health care aides and support services throughout Florida's lower Western Gulf Coast region. Alternative Home Health Care will retain ownership and operations of its office located in Fort Lauderdale, Florida. Upon full integration of the acquisition, Arcadia Resources plans to operate Alternative Home Health Care under the brand name Arcadia Health Care, as a wholly owned Arcadia company. In addition to supplying in-home health care to patients, Arcadia plans to offer durable medical equipment (DME) including respiratory/oxygen services. Tom White, Regional Manager of Arcadia's recently acquired United Health Care Services located Ft. Myers and Port Charlotte, Florida, will also manage Alternative Home Health Care. George Cann, President and Owner of Alternative Home Health Care, stated, "We are impressed with the quality of Arcadia Resources services. We entrust their experienced leadership team to expand our operations for the benefit of our customers." Larry Kuhnert, President of Arcadia Resources, stated, "The acquisition of Alternative Home Health Care exemplifies our vision to create a combination store focused on servicing the diverse needs of the in-home patient from a single location. This business model can provide patients with greater accessibility to a broad range of services, from in-home caregivers to future durable medical equipment, while supporting consumer confidence through the well-recognized Arcadia brand name. We believe this one-stop approach to in- home health care provides Arcadia with the opportunity to solidify long-term customer relationships throughout Southwest Florida." 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 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: Geoffrey Eiten, National Financial Network, 781-444-6100x613, . See also http://www.nfnonline.com/acdi . 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, our ability to effectively integrate the acquired business and successfully utilize our national network, and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statements contained in this news release speak only as of the date hereof. The Company does not undertake and disclaims any obligation to update or alter its forward-looking statements. DATASOURCE: Arcadia Resources, Inc. CONTACT: Geoffrey Eiten of National Financial Network, +1-781-444-6100, ext. 613, Web site: http://www.arcadiaresourcesinc.com/ http://nfnonline.com/acdi

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