CORRECTING and REPLACING American Hospital Resources Updates the Pending Completion of Quarterly Report.Business Editors CORRECTION...by American Hospital Resources, Inc. 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)--Aug. 27, 2003 In BW5187, (CA-AMERICAN-HOSPITAL) American Hospital Resources updates the pending completion of quarterly report, company's ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. in first graph, first line should read xxx OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AMHRE (sted OTCBB: AMHR AMHR American Miniature Horse Registry ). The corrected release reads: AMERICAN HOSPITAL RESOURCES UPDATES THE PENDING COMPLETION OF QUARTERLY REPORT American Hospital Resources, Inc. (OTCBB: AMHRE) today updated shareholders on the pending completion of their 10 QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound report for the quarter ended June 30, 2003. The filing delay occurred because of the integration of the accounting systems of Rx Solutions with American Hospital Resources. The Company considers this delay a one-time event and not a factor in the timing of future financial filings. Since the December 31, 2002 audits, Rx Solutions, Inc. has expanded its base of 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. residents from 1,000 to just over 1,400. Based on this level of business, AMHR expects Company-wide revenues for 2003 to increase to approximately $5,600,000, or a 36% increase over 2002. As a result of this contract growth, the net income from operations is expected to increase to $450,000, or an increase of over 60% compared to 2002 results. Christopher Wheeler, founder and Chief Executive Officer of AMHR, stated, "We would like to thank our shareholders for bearing with us while we integrate the books and records of Rx Solutions. We feel that the shareholders will be very pleased with the progress shown during the past quarter. We are very impressed with the internal growth posted by Rx Solutions and are looking forward to continuing growth built on the synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. relationship with AMHR. The accelerating trend toward consolidation in the pharmacy outsourcing industry continues to provide AMHR with a selection of high-quality acquisition candidates. Our business plan focuses on the acquisition of profitable strategic regional pharmacy outsourcers. We are confident that this strategy will build an organization that provides quality service while generating continuous cash flows and resulting profits." Except for historical information contained herein, the matters discussed in this news release are 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. 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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