ATC Healthcare to Recruit Nurses From India - Could Generate Over $4 Million in Annual Revenues.Business Editors/Health & Medical Writers LAKE SUCCESS, N.Y.--(BW HealthWire)--Aug. 6, 2002 ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered Healthcare, Inc. (AMEX AMEX See: American Stock Exchange :AHN AHN Athens, GA, USA (Airport Code) AHN Army Health Nurse (US Army) AHN Aetna Hispanic Network AHN Allied Health Network AHN Ad Hoc Network ), a national leader in medical staffing, today announced that the Company, in response to the ever-increasing nursing shortage, has formed an alliance with Nurse Resource Group (NRG NRG Energy NRG NRG Energy, Inc. NRG Natural Resources Group NRG New Radiancy Group NRG Network Referral Group NRG Network Resource Grapher NRG Numerics Rapporteur Group NRG Neuroprosthetics Research Group NRG notional requirements generator ), a proven leader in the sourcing and recruitment of nursing professionals. "As the nursing shortage and competition increases, we believe, this outreach is a viable opportunity to bring skilled healthcare workers into the ATC family, assist in alleviating the nursing shortage and generate significant revenue. The initial group of 50 nurses could generate $4-5 million in gross revenue to the Company." NRG has hundreds of additional nurses in training right now. As a result, we expect to see a steady stream of travel nurses, once they start to come through in 12-18 months." "This initiative represents another milestone in bringing ATC value, by enhancing the scope of the existing travel nurse division." stated David Savitsky, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Anthony Aliucci, President of NRG, added, "International recruitment is rapidly becoming the most efficient way for healthcare facilities to deal with the growing nursing shortage that exists in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. today. We feel the service we provide offers a long-term solution to this problem. Our relationship with ATC is a key to the success of our business and we look forward to a great relationship." About Nurse Resource Group, Inc. Nurse Resource Group, Inc. is a leader in specialized staffing services and one of the first to provide placement services for foreign nursing professionals. Through international recruiting centers, NRG provides a full service nurse recruitment program. All nurses are certified through the Commission on graduates of Foreign Nursing Schools and must the Test of English as a Foreign Language Exam. The Company has four recruiting centers in southern India. About ATC Healthcare, Inc. ATC is a national leader in medical staffing personnel to hospitals, nursing homes, clinics and other health care facilities with 73 locations in 27 states. ATC provides supplemental staffing, outsourcing and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. solutions to hospitals, nursing homes, medical and research facilities and industry. Drawing from a pool of over 15,000 healthcare professionals spanning more than 50 specialties, the Company supplies both clinical and non-clinical personnel for short-term, long-term, and "traveling" contract assignments. To learn more about the company's services, visit their web site at www.atchealthcare.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in ATC Healthcare, Inc. Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended February 28, 2002 as filed with the Securities and Exchange Commission on June 10, 2002 and Quarterly Report on Form 10Q for the quarter ended May 31, 2002 filed with the Securities and Exchange Commission on July 15, 2002. |
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