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American Hospital Resources Announces Quarterly Results.


Business Editors

SANTA ANA, Calif.--(BUSINESS WIRE)--Sept. 10, 2003

American Hospital Resources, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AMHR AMHR American Miniature Horse Registry ) today announced quarterly results for the period ended June 30, 2003. As a result of the Rx Solutions acquisition, total revenues were $969,264 as compared to $58,100 for the same period last year which was prior to this acquisition. This resulted in a gross profit for the quarter of $276,451. The results of this quarter show a 15-fold increase in revenues resulting in a 375% increase in gross profits when compared to the same period last year.

Christopher Wheeler, the founder 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.  of American Hospital Resources, said, "Interested parties should review the Company's filings with the SEC available online through EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. : http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK CIK Central Index Key (SEC)
CIK Commission Internationale de Karting (French)
CIK Crypto Ignition Key
CIK Contribution in Kind
CIK Confederazione Italiana Kendo
=00011270 05&owner=include. We feel that upon close examination the business plan of American Hospital Resources is a compelling model for building a profitable national healthcare services provider. The trend toward outsourcing of pharmacy services by long term care providers has created a wealth of regional providers that should benefit from consolidation into a national team. Even though our rollup strategy is just beginning and many challenges lie ahead, the quarterly results confirm the wisdom of the core plan. Our goal continues to be the identification and acquisition of profitable regional pharmacy outsourcing companies that can benefit from our resources and in turn bring enhanced value to our shareholders."

American Hospital Resources is a healthcare services company that provides pharmacy services to long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 providers and specialty hospitals as well as other acute care consulting and management services. We are currently focusing on the acquisition and consolidation of profitable pharmacy outsourcing businesses. These consolidated pharmacy outsourcing companies provide pharmacy management services and pharmaceutical supplies predominantly to long-term care facilities long-term care facility
n.
See skilled nursing facility.
 such as nursing homes and hospices. As part of our business strategy, we have structured a program designed to merge profitable regional pharmacy outsourcers into a national team. We believe these regional providers will benefit from the enhanced buying power Buying Power

The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available.

Also referred to as "Excess Equity.
 and market presence of a consolidated healthcare entity.

Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risk and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the Company's revenues, operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities Exchange Commission.
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Publication:Business Wire
Date:Sep 10, 2003
Words:404
Previous Article:Carreker Corporation Reports Second Quarter Fiscal 2003 Results; Company Returns to Profitability.
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