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AMS Homecare Reports 32% Increase In Revenues for Full Year-Ended Feb 2005.


VANCOUVER, British Columbia -- AMS AMS - Andrew Message System  Homecare Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AHCKF), a leading national provider of mobility products, durable and disposable medical products and patient monitoring technology to the aging North American population, is pleased to report audited financial results for the year ended February 28, 2005 .

For the complete fiscal year, AMS Homecare achieved record revenues of $4,248,551 USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 versus revenues of $3,219,911 USD in 2004, an increase of 32% over the year earlier. The increased revenues resulted from increased sales of existing products and sales from new products and services. As of February 28, 2005, 86% of total sales were from power chairs and scooters. The remaining 14% of sales came from cushions, disposables, daily living aids and IER IER Institut d'Economie Rurale
IER Institute for Economic Research (Ljubljana, Slovenia)
IER Institute for Employment Research
IER Ion-Exchange Resin (building material)
IER Initial Environmental Review
 monitoring services

Earnings before income taxes were $10,811 USD. versus $183,116 USD. last year. Net working capital increased from $541,286 USD in 2004 to $740,601 USD at the end of February 2005.

"We are very pleased with the growth in revenues for the fiscal year 2005," said AMS president Rani ra·ni also ra·nee  
n. pl. ra·nis also ra·nees
1. The wife of a rajah.

2. A princess or queen in India or the East Indies.
 Gill. "We are also quite excited about the future of AMS because of the acquisition we have made, potential acquisitions and because of the launching of our first retail store," said Gill.

"We have added staff in anticipation of our future growth, entered into management contracts and also experienced increased costs as a result of going public. All these factors are necessary for our long-term growth, but in the short-term reduced our earnings for fiscal 2005. As our company continues to grow in size, we fully expect earnings to 'catch-up'," added Gill.

The following material events occurred after the end of fiscal 2005 and are thus not reflected in the financial reports of fiscal 2005:

On March 11, 2005 the company announced that it had filed a Statement of Claim in British Columbia Supreme Court alleging the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 and certain of its employees acted deliberately to delay the company's reverse takeover of Shoprider Canada Mobility Products between August 2000 and February 2002.

On March 28, 2005 the company announced the signing of a binding agreement with Wireless 2000 of Burnaby, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname).
Burnaby, British Columbia, Canada, is the city immediately east of Vancouver.
 to acquire the exclusive distribution rights for a term of 25 years to distribute its products into the healthcare, residential elderly care, medical offices and hospital markets in North America.

Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . More information is available at http://www.amshomecare.com .

Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule.  in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 to update its forward-looking statements.
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Publication:Business Wire
Geographic Code:1CANA
Date:Jun 10, 2005
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