American Hospital Resources Reports Unwinding of Rx Solutions Acquisition.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Dec. 4, 2003 American Hospital Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMHR AMHR American Miniature Horse Registry ) (Berlin (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) ) 913541) today announced that both parties to the Rx Solutions acquisition have decided to unwind the acquisition agreement rather than construct an extension. Due to the delay in anticipated financing for this transaction, American Hospital Resources has not been able to infuse in·fuse v. 1. To steep or soak without boiling in order to extract soluble elements or active principles. 2. To introduce a solution into the body through a vein for therapeutic purposes. the agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy capital in a timely manner. With numerous financing options in negotiation, it seemed more appropriate to revisit the transaction once the financing is in place. It is anticipated that this will adversely affect the quarterly report currently in preparation. The distribution of the previously announced D1 dividend will be put on indefinite hold until the future of the Rx Solutions acquisition can be determined. Chris Wheeler, founder and Chief Executive Officer of American Hospital Resources, said, "We deeply regret the setback caused by the delay in our financing. We have every expectation of being able to overcome this setback and get on with the business of building AMHR. The Company's forthcoming SEC filings should be consulted for additional information regarding this transaction." 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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