Crdentia Corp. Announces Acquisition of Nurses Network, Inc.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 3, 2003 Crdentia Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CRNC CRNC College Republican National Committee CRNC Controlling Radio Network Controller (3GPP) CRNC Center for Russian Nature Conservation CRNC Completely Reliable Network Concepts (NYC area Web hosting firm) ), announced today that pursuant to an Agreement and Plan of Reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. it has completed the acquisition of Nurses Network, Inc. Upon the terms and conditions in the merger agreement, Nurses Network became a subsidiary of Crdentia Corp. Nurses Network is based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA and provides licensed staff for medical clinics as well as skilled home healthcare visits. This is Crdentia's second medical staffing acquisition in the Bay Area. Nurses Network's management attributes their success to their dedication to customer service as well as their experienced staff of clinical nurses. They strive for the highest degree of customer satisfaction and enjoy a strong reputation for quality service among their customers. About Crdentia Corp. Crdentia Corp. seeks to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. an opportunity that currently exists in the healthcare industry by targeting the critical nursing shortage issue. There are many small companies that are addressing the rapidly expanding needs of the healthcare industry. Unfortunately, due to their relatively small capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. , they are unable to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. their potential, obtain outside capital or expand. By consolidating well-run small private companies into a larger public entity, Crdentia intends to facilitate access to capital, the acquisition of technology, and expanded distribution that, in turn, drive internal growth. Forward Looking Statements Statements contained in this release that are not historical facts 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 risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-KSB, Forms 10-QSB, and other filings with the Securities and Exchange Commission. Such risk factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team, members of which have other business interests; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; the growth of the temporary healthcare professional staffing business; difficulty in managing operations of acquired businesses; uncertainty in government regulation of the healthcare industry; and the limited public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. |
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