CORRECTING and REPLACING World Health Alternatives, Inc. Closes $2 Million Private Placement.Business Editors CORRECTION...by World Health Alternatives, Inc. PITTSBURGH--(BUSINESS WIRE)--Jan. 22, 2004 In BW5152 issued Jan. 22, 2004: Please replace the release with the following corrected version. The corrected release reads: WORLD HEALTH ALTERNATIVES, INC. CLOSES $2 MILLION PRIVATE PLACEMENT World Health Alternatives, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: WHAI), a premier medical staffing company that provides medical, professional and administrative staffing services to the healthcare industry, announced today that it has closed a private placement transaction pursuant to which it sold two million shares of its Common Stock to certain investors for an aggregate purchase price of $2 million. The transaction will not dilute di·lute v. To reduce a solution or mixture in concentration, quality, strength, or purity, as by adding water. adj. Thinned or weakened by diluting. the Company's shareholders because the Company also intends to redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. an aggregate of two million shares of its Common Stock for no consideration or compensation from Richard McDonald, the Company's President, Marc Roup roup any disease of poultry manifested by signs of coryza and involvement of the nasal chambers. See also avian trichomoniasis. nutritional roup see vitamin A. , the Company's Chief Executive Officer, and another shareholder, with the specific amounts redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. from each to be determined at a later time. Commenting on the transaction, Richard McDonald, President of World Health Alternatives, said, "This additional capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. will provide us with increased flexibility in pursuing our growth strategy in 2004. Our activities in December 2003, which included the acquisition of Superior Staffing and the investment in the Company by highly regarded investors, helped set the stage for 2004, a year in which the Company intends to aggressively execute its business plan and provide greater value for its shareholders." World Health Alternatives, Inc. (OTC BB: WHAI) is a premier human resource firm offering specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. healthcare personnel for staffing and consulting needs in the healthcare industry. The Company, through its MedTech Medical Staffing Division, places its experienced personnel on a project, temporary, permanent, or temporary-to-permanent basis. These options allow clients to control the expenses associated with new staff while also giving them the unique opportunity to evaluate a candidate's performance essentially risk-free. The Company's headquarters are in Pittsburgh, PA, and it has branch offices in Cleveland, OH, and Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , FL. For more information, please contact Richard McDonald, at 412.829.7800 (ext. 223), Michael Porter This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , at 212.564.4700 or Anthony Altavilla, at 317.218.0204, or visit the Company's website at www.better-solutionsinc.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. regarding the redemption of shares of common stock from certain of our shareholders, our intention to aggressively execute our business plan and our ability to provide greater value for our shareholders. The words or phrases "may," "intends," "expects," "estimate," "indicate", "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether the Company will successfully acquire existing staffing companies to grow its staffing business; (b) whether the Company will have adequate financing to expand its business; (c) whether the Company will effectively manage its expanding operations, which will place significant demands on its managerial, financial, and informational systems; (d) competition among medical staffing companies for qualified nurses and other healthcare professionals and personnel; (e) whether general economic conditions and the regulatory environment will be favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the growth of the Company's business; and (f) other factors set forth in the Company's periodic reports and Form SB-2 Registration Statement filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's 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. system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, the Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. |
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