Crdentia Corp. Announces Acquisition of PSR Nurses. Ltd.Business Editors DALLAS--(BUSINESS WIRE)--Dec. 9, 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 it has completed the acquisition of PSR PSR Pulsar PSR Poster PSR Physicians for Social Responsibility PSR Psychosocial Rehabilitation PSR Pacific School of Religion PSR Policy and Survey Research PSR Project Study Report PSR Pre-Sentence Report PSR Pressure-State-Response PSR Puget Sound Region Nurse Recruiting, Inc. and PSR Nurses Holdings Corp., which are the sole owners of PSR Nurses, Ltd. (PSR). Upon the terms and conditions of the merger, PSR Nurse Recruiting, Inc. and PSR Nurses Holdings Corp. became wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Crdentia Corp. PSR is based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. with an International Recruitment Office in the Philippines. About PSR Nurses PSR is a global staffing company that recruits travel nurses in every clinical specialty for health care facilities in all 50 states. PSR has a domestic database of over six thousand nurses and an international pipe line of over five hundred nurses. The company has built its reputation on superior service and placing travel nurses professionals with extensive experience and strong clinical skills. PSR's Dallas operation will become the epicenter for Crdentia's travel nurse operations. Crdentia will continue the International Recruitment Program through an exclusive agency relationship in the Philippines where dedicated employees recruit directly for placement in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Crdentia's management, the PSR acquisition provides significant operational synergies and further solidifies the Company's commitment to the travel nurse staffing business. 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, they are unable to maximize 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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