American Hospital Resources Inc. Announces the Mutual Rescission of the Acquisition of the Operating Assets of National Institutional Pharmacy Services of Houston, LP.

Business Editors/Health/Medical Writers

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

American Hospital Resources (OTCBB: AMHR) today announced the rescission of its agreement with The National Institutional Pharmacy Services of Houston, LP. (NIPSI-Houston). Both parties acknowledge that a restructuring of the transaction is necessary if it is to meet each party's expectations. AMHR does not anticipate that the rescission of this transaction will significantly impact the balance sheet or income statement of AMHR. AMHR feels that its priorities are better allocated to completing other time-sensitive acquisitions already in the final negotiation and financing phase and will revisit the NIPSI-Houston acquisition at a later date.

Christopher Wheeler, the founder and chief executive officer of AMHR, stated: "The NIPSI-Houston transaction did not live up to our expectations for a regional component of AMHR. While the issues to be negotiated with NIPSI are manageable, the timetable to resolve them is not. We are currently in the final negotiation and funding phase of two acquisitions that are time-sensitive and we will focus our efforts on these acquisitions first. We are here to build a quality company and we are not in a hurry to complete a deal that doesn't make a valuable contribution to the business. In addition, the tabling of the NIPSI issue will allow us to file our annual audits without any further delay. We anticipate the annual audits to be filed on or about April 15."

American Hospital Resources Inc. specializes in the acquisition and consolidation of pharmacy outsourcing businesses. AMHR plans to acquire and consolidate pharmacy operations in several regions of the country with a plan to gain labor efficiencies as well as increase its pharmaceutical buying power and enhance its pricing and purchasing terms with the pharmaceutical supply houses.

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.