Continental Is Co-Awarded L.A. County Preferred Provider Contract.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--June 19, 2002 Continental Home Healthcare (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ) today announced that its U.S. operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. has been co-awarded a preferred provider contract with the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , to provide home medical equipment to patients at five County administrated hospitals. The three-year contract begins July 1, 2002 and was co-awarded to Continental and the existing service provider, which had been servicing the contract alone for greater than a decade. The contract covers five different County facilities, including greater Los Angeles' largest medical facility, LAC-USC Medical Center. Each facility will choose between Continental, the alternate provider, or both, to offer home medical equipment, respiratory equipment, and other related products. This contract is anticipated to be valued in excess of US$5.0 million annually. Robert Thornton For the politician, see . For the physicist, see . Robert "Choc" Thornton (born July 14, 1978 [1]) is an English National Hunt jockey currently employed as stable jockey to Alan King. , President 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. said "We are in the process of establishing solid relationships with each of the facilities, and anticipate placing a liaison in some or all of the facilities within the coming months. Furthermore, we are confident that Continental's high level of service and superior product offering will ensure that this is a very successful contract for the Company." "Continental's previously attained preferred provider contracts have resulted in significant revenue and earnings growth for the Company and this agreement is expected to produce similar results by substantially expanding the volume within Continental's Glendale, California branch" noted Mr. Thornton. Continental Home Healthcare Ltd. acquires, consolidates and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters, respiratory products and services, bathroom safety products, ambulatory aids, and aids for daily living sold to individuals and healthcare institutions. Branches are located in Glendale and Indian Wells, California Indian Wells is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), in between Palm Desert and La Quinta. As of the 2000 census, the city population was 3,816. It has the highest proportion of millionaires of any city in the United States. and Las Vegas, Nevada. The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT". Updates can be found at www.continentalhomehealth.com
For Further Information Please Contact:
Ellen Leesti or (416) 868-1079
Cathy Hume (403) 541-1225
Hume, Kieran Inc., Investor Relations Counsel
Robert Thornton, President & C.E.O. (818) 242-4171
Continental Home Healthcare Ltd.
Toll free Continental investor information 1-800-286-4566
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